GLD'60min
sp'weekly7
Summary
*new historic highs in the Dow/Sp'500 are clearly viable this morning, and it'd certainly give some justification to those seeking further upside into next month.
R2K is battling a little higher, but the Trans remains a major problem.. and is arguably a pre-cursor warning of 'summer trouble'.
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Gold/Silver opened with a black-fail candle on the smaller 5/15min cycles. I have to say though, considering the USD, the metals are holding up strongly.
As for equities, note the upper bollinger on the weekly cycle.. now in the 2150s.. even a little earlier than I had expected.
There remains HIGH threat of sp'2170s by the FOMC of June 17th. That would make for a far better index-short opportunity.
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early weakness, BABA -1.6%.. as it seems they are in trouble for selling (indirectly) counterfeit goods.
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US bonds are slipping, TLT -1.2%... bonds will be something to be increasingly mindful of in the months ahead.