1. EURUSD will fall under 1.31 by Monday or Tuesday. 1.3290 - 1.339--1.3030. (terminal move may go below 1.3030 to 1.2980 or so.)
2. Silver will fall to $16.2 and Gold to $1060 or so.
3. SPX will fall to 1135-1140 by Monday-Tuesday.
4. C will fall to $4.02 or so.
I will try to:
1. Sell EURUSD around 1.339. Sold at 1.3356. (Couldn't sell at 1.339 - didn't get that high.)
2. Buy Silver around 16.2. Bought at 16.6. Will sell Friday and try to buy again around 16.40.
3. Buy C around $4. C is nowhere near $4. Will try to buy next Tuesday.
4. Buy EURUSD around 1.300. Next Tuesday-Wednesday.
Treasury auction today had a very low bid-ask. That's why the surge in TNX today. This is another reason why the market will fall, because if the market keeps going up, the government won't be able to sell its debt. Of course this fall is a more long-term development. Another auction tomorrow, which is another factor that's got me bullish on PMs in the near-term.
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