It’s been quite a day for index futures traders and of all the markets we’ve had our eyes on, Aussie and Canadian dollar, crude oil, and gold, these are still trends that are intact or testing levels of the trend. The index futures did look interesting early in the day for a bounce, but by keeping our eye on only short-term time frames after last week’s blue GRaB candle we sidestepped the biggest sell-off in history. Daily transitions were dramatic but so are now the weekly corrections. Not all the trends are broken my friends.

Neil’s Weekly Market Update.