28 Jan, Members Daily Pre-Market Report

S&P Futures (ES) have retraced to their 50 day ema, this is a very important level will they push higher or roll over? Gold bulls and bears continue the battle between 1081 and 1104. Crude is setting up for an aggressive buy. eurjpy is trying to roll over and as it is historically a leading indicator for global equity markets, this is the time not to be bullish of the indexes. T Notes yet again failed to break through the 61.8% Fibonacci retracement level at 118.11 and they have also broke below their short term trend line, FOMC announced no change to rates, surprise surprise!