Wed night review

Today the stop loss was hit in gold, trade is over for now.  After catching the HUGE move down we tried to re-enter short and catch a continuation move down and we got stopped out, can’t win them all.  Oil hit $115 a barrel so tomorrow If there is no sell off in oil I will cut my losses short in USO and concider that trade over.   One forex trade I mentioned in the forum and still like here is the GBP/JPY cross, it’s not the most common of forex pairs but I like it to the long side.   As for the S&P,  I still have no bias in direction and have no set-ups ready, I will note that we are right near that same upper trendline we have failed to break time ang time again. Each time we test that trendline we increase our chances of a break, I do expect it to break soon to the upside but do not see a solid entry here.