second leg down on the 26th triggered a sell with the target of 1238.75.
the time pressures turn down aug 18th. but trade pressures are oversold.
a move up thru 1296 could start a short rally to 1333.
may have a correction up after the actual signing of the debt ceiling bill tonight.
but hard to see how the gov’t cuts will not slow the economy.
probably stick to companies that do a majority of their business in the healthier Asian economies.
banks, as a group, seem to be ready for a move.
trading sideways in a down move from 1300 to 1298.
long term downward time and trade pressures til October 28th.
the daily trade is up to 1354 and then 1389,
with the time pressures turning down on aug 8th.
since reaching the 77.17 target, the downward time and trade pressures have driven the dollar down to the earlier entry point.
trade pressures are oversold, the downward time pressures end july 28th.
a move up thru the 74.57 price starts a new move up.
a break below 73.28 is the stop.
long term target up is still 158. a near target of 120.81 is still active.
Daily still in move down to 85.52.
time pressures are down til aug 10th. trade pressures are up but showing some divergences.
the daily trade is in small correction up to a 103 target.
a move down thru 97.33 restarts the move down.
GOLD_ time pressures are up thru mid august. trade pressures are fully over bought.
the long term target is 1744, with support at 1586.
Daily is in the trade up to 1657. a move down thru 1603 could quickly test the 1586.
COPPER_ still in the long term trade down to 3.70.
trade pressures are up but about to turn down, time pressures are also ready to turn down.
Daily trade is up to a 4.89 target but will meet resistance at the 4.58 high.
trade pressures have turned up, but the time pressures turn down on Aug 8th.
a trade below 4.36 sets up the move down.
SILVER_ silver entered the long term upward time pressures on July 8th and should stay up thru October 8th. the trade pressures are overbought now so a corrective move down is likely. the upside target is 53.92.
the daily trade is up to 42.63, but both trade and time pressures are ready to turn down. a move down thru 37.11 starts a move down to test the recent lows.
the move down thru 1325 triggered the trade to 1296 [Tuesday overnight low].
the time pressures are up. the trade pressures are still down.
the intraday trade back up thru 1314 on the 60 min cycle has triggered a corrective move back up to 1335.
Jobs report showing very uneven and lumpy growth; but no panic showing in the vix index.
trade pressures remain up. time pressures up thru early august.
next target up is 1384.50
a trade down thru 1325.50 is a signal for lower.
Long term trade pressures are up,time pressures remain down til mid October.
the long term down side target is 73.14.
Daily – the time pressures will turn up on July 28th.
trade pressures are up. the trade is still up from 74.83 to 77.15.
long term – time pressures down thru Sep 2nd, trade pressures are up.
Daily cycle – while still in the move down to 84.40, have begun a correction up.
long entry was 96.22 with a first target of 102.75.
trade pressures are extended up, a move down thru 93.91 could signal a new move down.
Copper_ long term time pressures are down, trade pressures are up.
The daily time pressures turned up on July 6th, price had moved Jun 26th as trade pressures turned up.
with the market at 4.3540 the 4.37 target is almost met. the next target up is 4.47.
a trade down thru 4.19 starts the move down to 3.96
GOLD_
while still in the move up, the 1484 target was reached on the correction down and the move upwards restarted from there.
the long term time pressures turn up on July 15th. trade pressures remain down.
Daily trade pressures are turning up but about to enter the down time pressures. might look for another leg down and then the second leg up.
SILVER_ long term trade pressures are oversold and the time pressures turn up July 15th.
the Daily is still in the trade up to 42.34. both time and trade pressures are up. 38.95 is resistance.
the out standing 34.45 short entry is worrisome especially if the pressures turn down at the same time.
the low of 32.30 is key, a break down signals much lower.