Futures have largely been influenced by events in China.
Here's what the opening ES and NQ 1 min charts look like thus far...
GLD still has a positive bias in gold futures so I'll be holding there for the moment as well.
Monday, March 4, 2013
China's Hawk Sends Shanghai Down Over 9%
This is the main story overnight, after having Industrial and Service PMIs miss and seeing the result of worldwide QE sending money in to China, which found its way in to the real estate market, last night China announced its most aggressive housing price policy curbs to date, this sent Shanghai down over 9% last night.
Futures have largely been influenced by events in China.
Here's what the opening ES and NQ 1 min charts look like thus far...
ES is negative here so I'll wait on put positions...
NQ is almost perfectly in line.
GLD still has a positive bias in gold futures so I'll be holding there for the moment as well.
Futures have largely been influenced by events in China.
Here's what the opening ES and NQ 1 min charts look like thus far...
GLD still has a positive bias in gold futures so I'll be holding there for the moment as well.
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