What a week…

This week, we’ve been watching the RTY, GC, and the 6S. Let’s take a moment to review what each of those markets is doing right now.

With the RTY, the daily timeframe reveals that the market is pushing lower within the current channel.

We’re still watching the GC as it prepares to make a U-turn and enter into another bullish rally. You don’t want to take your eyes off of this one!

And the 6S is currently in a sell-off within the up channel. We’ll watch the 6S and wait for an opportunity to buy on the way up.


Let’s look at the daily timeframe charts for the RTY, GC, and 6S to get an idea of what we can expect from these markets moving forward:

Russell 2000 – RTY

The daily timeframe for the RTY shows that the market is making a downward push toward the bottom of the channel.

We should keep an eye on the RTY as the price drops. That way we can look for opportunities to buy on the way up.

Don’t forget to check out my free resources on how tick movements work to better understand the money-making potential of these trades!Weekly Roundup

Markets To Watch This Week

Russell 2000 – RTY

Gold Futures – GC

Swiss Franc Futures – 6S

Chart the channel

Gold Futures – GC

We’re still watching gold (GC) set up for a U-turn back toward a bullish rally.

The market remains at the bottom of the channel, but looks like it’s getting ready to swing back positive. We’ll want to keep an eye on this and wait for the market to move back toward the next Fibonacci extension. This is going to be a big trading opportunity once the market shift starts to happen!

I know all this talk about Fibonacci can be confusing, so take a look at my resources explaining how Fibonacci extensions work and how you can utilize them in your trading strategy.

Chart the channel

Swiss Franc Futures – 6S

The daily timeframe for the 6S reveals that the market is currently selling off. The dip is pretty obvious in the below chart

Once the market hits a known level of U-turn, the price could bounce back and continue its overall positive movement. We’ll want to watch both the daily and one-hour timeframes for the 6S.

To learn more about how I predict future market direction, read my free article on the subject so you can learn how to better predict price movements for your trades!

The Bottom Line

The Bottom Line

As you can see, each of these futures markets has its own set of variables that influence how they trade. That is why it is critical to use our timeframe charts to track trends.


Follow along as I teach you what to look for and how to approach each of these futures markets as we get closer to a new trading week. Let’s get set to do some trading and make money!

Keep On Trading,

Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

Reader interactions

3 Replies to “What a week…”

  1. Customer service telephone, please

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  2. On Gold, when we see it back in the buy zone at 1770.0 like it is, knowing inflation is coming, would it not be safe to buy now, rather than wait for it to increase to 1818.30? I understand why we wait for everything else, but for me this is a no brainer that it will go up within the 30 days.
    Also, where can I find a video on the contracts on futures to understand it better? Josh says to hold for several months and when it comes to the purchase, it’s confusing to understand the contracts. I am using think or swim, but maybe that one is more complicated?

    Reply

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Josh Martinez

Josh Martinez

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