Good Morning,

I previewed the fundamentals in my last article, so we will skip them and get right to the technicals. It is a fairly light week data wise. You should be preparing for earnings season - mark your "earnings calendar" with the dates for the stocks you own/trade.

Technically, equities first as they continue to drive other financial markets. SPX is getting very close to the trendline that has been resistance and now could provide support:

Past performance is not indicative of future results

Could the SPX also be double topping? Speaking of double tops, GLD has had quite a run. Could it be double topping as well?

Past performance is not indicative of future results

GLD is my segway into forex. Even though GLD has been going to the moon, the AUD/USD has been dropping like a rock:

Past performance is not indicative of future results

Even though GLD is off to the races, the AUD has been getting slammed against the USD. Will this support level hold?

Finally, the DOUBLE FALL LINE TRADE in the EUR/USD. For all of you EUR bears out there, you finally got a sell point as equities overshot Friday morning, sold off and then continued the sell off today:

Past performance is not indicative of future results

Join me fora another IBFX Webinar tomorrow night.

Happy Trading and Be Environmentally Cool

Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.