Nothing new to report since yesterday’s pre-market commentary as the major stock indices went exactly nowhere since gapping up to those resistance levels (SPY 214.05 & QQQ 118.00), clinging to those levels like glue throughout the entire trading session yesterday, followed by a very minor dip in after-hours into early pre-market trading today & then recovering from that post regular session dip so far this morning to rally right back to just below those very same resistance levels.

$WTIC daily Oct 18th close

$WTIC daily Oct 18th close

Gold (GLD) & oil (USO) are trading up slightly higher in pre-market trading so far with GLD just slightly above a minor resistance level of 120.70 (best viewed on the 30-60 minute charts) & crude oil now challenging the neckline, which is resistance until/unless taken out, of the large Inverse Head & Shoulders Pattern that I’ve been highlighting recently.