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14th June - The resilience of S&P

14 June 2012

TECHNICALS:

S&P WEEKLY CONTINUATION CHART

The solidity of the S&P’s supports is plain for all to see.

The two-fold structure of the horizontal at 1288 and the Fibonacci at exactly the same level is impressive.

BUND WEEKLY CONTINUATION CHART

The evidence for the bulls is mounting up:

an island reversal,

and, possibly, the beginnings of a H&S reversal….

Bulls will be watching the price action as we move into the weekend… cautious buyers will wait for a break through the band 1346-8

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14th Jun - Copper Holds Above Key Levels For Now

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