It’s a parade of backpedaling for the Federal ReserveBoard of Govenors – sounding Dovish in remarks outside of 33 Liberty.
A 92.8% chance of a rate hike remains.
The Fed is clearly offering some important qualifiers.
Gold / Silver remain, for now in the trend to 1400+, although it appears to be a large trap.
Dow is approaching 237xx, and the ES 2609 – caution warranted at these levels as Tax Reform is beginning to wear on the Markets.
Crude Oil remains between two opposing moves – the 2013-2016 daily 38% off the top – the lower trend line of that downtrend & the upper channel of the trend of July 2017. Price of the opposing trends sit right above 58.