Market Insights

  • Gold ( XAU/USD ) broke 3263/59 to hit my target and strong support at 3220/3210 exactly as predicted.
  • I hope you caught this move for the potential 350-400 tick profit on the downside.
  • The longs at 3220/3210 are also working perfectly as we hit my 2 targets of 3233/36 and 3245/50, for another 300 ticks profit on the week, and as I wrote yesterday, even 3265 is possible today.

Gold Bounces from Support Zone as Bulls Eye Further Upside

Emini S&P JUNE Futures

  • Emini S&P now hitting my 5660/5670 target by the end of the week as predicted.
  • There is good bullish momentum, and so a break above 5675 is a buy signal for today and can target 5705/15, perhaps as far as 5735/40.
  • A buying opportunity at 5610/00 and longs need stops below 5590. A break lower, however, can target 5560/50, and longs need stops below 5540.

Nasdaq June Futures

  • Emini Nasdaq made a high for the day at minor resistance at 20000/20100.
  • A break above 20200 should be a buy signal for today, targeting 20400/450.
  • Support again at 19780/720, and longs need stops below 19650.

Gold Bounces from Support Zone as Bulls Eye Further Upside

Emini Dow Jones June Futures

  • Emini Dow Jones break above 41200 is a buy signal targeting 41400/430 and 41550/600, perhaps as far as 41700.
  • Support again today at 40775/40700, but longs need stops below 40550.