1 – Looking at the S&P 500, we believe that there is still an upward bias, but it does appear that there is going to be a little bit of a struggle. This would not be overly surprising though, because after all, tomorrow is Nonfarm Payroll Friday. That of course will have a massive effect on US stock markets in general, so expect a fairly quiet session today with a slightly upward bias.

2 – The German DAX rose during the session on Wednesday as well, but struggled once we get above the €11,400 level. At this point in time though it does look as if we are more than likely going to bounce, and a break above the top of the range for the Wednesday trading session would be reason enough for us to serve buying calls again and aiming for the €11,800 level. If we broke down below the €11,200 level, we feel that the market will then head directly to the €11,000 level without too many issues.

3 – Silver markets fell during the course of the session on Wednesday, but found enough support at the $16.50 level to bounce slightly. With this being said, it appears that we remain consolidative, which means that we prefer to buy calls off of short-term supportive candles near the $16.50 level. We would not look for big moves however as the market seems to be fairly content to simply grind sideways overall. With Nonfarm Payroll Friday coming tomorrow, keep in mind that will greatly influenced the dollar, greatly influenced this market. For the next 24 hours though, we would anticipate a fairly quiet session.