GLD, daily
sp'daily5
Summary
*new equity index highs all over the place... the only ones to yet follow... Dow, Trans, and NYSE Comp'
Indeed, right now, we have a rather strong spike-floor for the sp'500.... bodes for 2110/20s early next week. Weekly charts will be offering resistance at that point.
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re: metals... new multi-year lows look due.... primary Gold target remains the giant $1000 threshold (equating to GLD 95).. but the 900/875 zone looks very viable by late summer.
At that point... we'll probably have a floor.
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The 'Greek situation' remains tiresome... ohh, the little games that the Greek finance minister is playing right now.
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2.05pm.. Dow breaks a new historic high.
Nasdaq Comp', just 1.1% away from the giant 5k threshold..... and from there... just 132pts until the tech bubble high of March'2000 is taken out.
A monthly close in the 5200s.. and its probably a straight run to 7k. Disturbing thought.