Wed June 1 [b]

DOW / SP500 / FTSE / DAX / PRICE ACTION TODAY IS
IMPORTANT DUE TO ADDITIONAL TECHNICAL DAMAGE
THAT COMMENCED IN FEBRUARY.

 


XAUUSD (Gold in USD) weekly chart shows steep uptrend and reveals
how far it is from long term trendline. This over extension will revert to
the mean and I still expect significant Gold downside once equity
sell off resumes.

 

THE CORRECTION HAS RESUMED 16:35 GMT

EURSEK long 8.9079

Key equity index daily charts remain bearish and counter trend
bounces have been weak. The correction should resume soon.

CURRENT TREND = SP500 bearish 14:03 GMT

EURAUD choppy basing on daily and weekly continues and futher
upside expected.

EURSEK basing on daily and weekly continues and futher upside still
expected.

CURRENT TREND = USDX bullish-neutral / EURUSD bearish-neutral
GBPUSD bearish / SP500 bearish-neutral 10:55 GMT

Back to GBP down leg.
GBPUSD short 1.6477

CURRENT TREND = USDX neutral – EURUSD neutral – AUDUSD
bearish/neutral – DOW-SP500 moderate bullish.

GBPUSD short 1.6486 [closed 1.6454]
More sideways chop.

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I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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