Jan 23 2019 - Wednesday Watchlist
Here’s the options to watch this morning:
SPX / SPY
After a solid red day and a break of the support trend line, we are looking for movement down after a little reclaim this morning.
Crude / USO
As crude rejected the 54.80 resistance, we are expecting some consolidation before testing 42 and confirming a possible double bottom. This is only if SPX / SPY continue bearish as shown above.
Natural Gas / UNG
After the major short squeeze on Nat Gas futures in November, we are back into a normal range. Looking for a double bottom attempt at 2.87.