Jan 23 2019 - Wednesday Watchlist

Here’s the options to watch this morning:


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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.

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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.

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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.

Aaron Gose