Author: Charlie

S&P Futures

the weekly had traded down thru the short entry of 1298.75 to a low of 1252.75.
and is now in a retracement up. the next weekly target down is 1229.50

the long time cycles are up until the 22nd of July.
trade pressures are up now.

the daily is in the trade from the 1285 long entry price to the 1333 target.
the market responded to the end of the downward time pressures on june 27th and has been up since then.
time pressures are up until the 17th of Aug. but will be influenced by the weekly downward pressures beginning July 22nd.
a trade down thru 1287 will restart the move down to retest the recent lows..

Crude Oil

Still in the long term move down to the 84.40 target.

Daily in the move up from the 89.69 low to a 102.76 target.
trade pressures are up and time pressures are down thru the summer.

Metals

COPPER_ sideways move after meeting the final target down at 3.95.
the long cycles suggest lower into the next quarter.

Daily in the move up to 4.37.  stop at the 3.85 low.
trade pressures have turned up and time pressures are down til after the 4th of July.

GOLD_ the next target up is 1584.  all time pressures turn up by July 15th.
trade pressures are now down.
a move down thru 1526 signaled the move down to 1484.
the low in this move down has been 1491 and the trade pressures are getting over extended.

SILVER_ still a very difficult trade with downward pressures long term and the daily pressures turning up.
suggesting a sideways market.

trade pressures are up time pressures turned up.
the long entry is 36.36 with a target of 42.36.
However the short entry is  also active at 34.45.

S&P Futures

still in the long trade to 1333.
time pressures turn up on the 27th of June, trade pressures are down but trying to turn.

the down day traded thru the 1271 short entry but closed above the short entry in a big reversal move.
a move back above the long entry of 1285 will be a confirmation of the upmove.  short term target is 1293.

the shorter cycles are fully extended on this up move; so look for a pull back of some small magnitude to buy.
usually happens over night.

S&P Futures

in the move up to the long entry price of 1285.
[price now 1290.]

trade pressures are extended so should have a pull back and then a second move up to the 1333 target.
time pressures turn up this last week of June.

a move down thru 1268 will signal a new move down to the 1226 target.

US$ (DX)

the long trade from 74.85 is still on. the next target is 77.16.

time and trade pressures have just turned down.
a move down could retest the 73.15 target

 

Crude Oil (WTI)

Crude in the move down from 99.55. met the 92.12 target. next target is 84.40.
This move down has been happening inside an upward time cycle. this cycle turns down after the 4th of July.

the trade pressures have turned up. a move up thru 98.04 signals a new move up to 107.

Metals

COPPER_ sideways move after meeting the final target down at 3.95.
the long cycles suggest lower into the next quarter.

Daily in the move up to 4.37.  stop at the 3.85 low.
trade pressures and time pressures are both down til after the 4th of July.

GOLD_ the next target up is 1584.  all time pressures turn up by July 15th.
trade pressures are up now.
a move down thru 1526 signals a move down to 1484.

SILVER_ trade pressures are up time pressures turn up the last week of June.
the long entry is 36.36 with a target of 42.36.
However the short entry is very close at 34.45.

S&P Futures

have been walking down the median line of the green pitchfork. the next targets down are 1235 and 1227.

the time pressures turn up on June 27th. the trade pressures have already turned up.
a trade above 1285 signals a new move up.
the overnite futures are already up 11.50 pts to 1274.