My TIMM Trading Pit Commentary - Wk Of 6/3/19

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·@rollandthomas·
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My TIMM Trading Pit Commentary - Wk Of 6/3/19
<center>https://mentormarket.io/wp-content/uploads/2019/06/timm.png</center> <br/><p><a href="https://mentormarket.io/">TIMM (Traders’ &amp; Investors’ Mentor Market)</a>&nbsp;provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.<br>The&nbsp;<a href="http://mentormarket.io/tradingpits">Trading Pits</a>&nbsp;are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.</p>
<p>Commentary from this past week includes:</p>
<p> The Russell futures remain weak and now price is sitting in a daily supply zone. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-84-1024x475.png" alt="" class="wp-image-21850" />
<p> For the first time since the beginning of May, the British Pound showing some early signs of life on the daily chart. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-85-1024x474.png" alt="" class="wp-image-21851" />
<p> Wall Street is talking about the US fed rate cut this year, but until the US dollar breaks the weekly uptrend line, I'm bullish on the US dollar. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-86-1024x477.png" alt="" class="wp-image-21852" />
<p> After a strong rally in price, Corn futures seem to be cooling off a bit. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-87-1024x474.png" alt="" class="wp-image-21853" />
<p> Which is why the Euro has been moving higher against the US dollar...all these Markets are correlated. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-88-1024x476.png" alt="" class="wp-image-21854" />
<p> Gold continues to scream higher...part of the reason is because the US dollar is correcting. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-89-1024x477.png" alt="" class="wp-image-21855" />
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-90-1024x475.png" alt="" class="wp-image-21856" />
<p> After the big rally on the US equity markets, the Nasdaq futures finds price back into a daily supply. Although the momentum is up, the short term trend is down. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-91-1024x475.png" alt="" class="wp-image-21857" />
<p> Gold taking a breather at the daily supply. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-92-1024x476.png" alt="" class="wp-image-21858" />
<p> Aussie dollar broke the daily supply zone despite Australia announcing a rate cut last night...could be because China said trade talks will resume. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/06/image-93-1024x479.png" alt="" class="wp-image-21859" />
<p>

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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