Projections 6_05_2106

Weekly Projections

for the week starting:

Sunday, June 05, 2016

Not much changed since my last projections. I was expecting the NFP news to make a dramatic move but markets continue to be sluggish

Top down analysis is a daily routine

Here is an example from Friday morning before NFP announcement


CL (Crude Oil) and US-Oil

On the upside – I see 49.70 to be a very critical price, if we break it , we shall see 52.00. BUT I see CL 07 coming down to 46.80-40

On the downside, any break below 46.40 can push the Crude to 44.00

ES (Mini S&P) and SPX

2092 (Do or Die Level) is Top of the Low Value Area. If that breaks, we can get to 2073 . I have been expecting indices to come down and they are making bearish moves but with not much follow through. Unless the ES daily chart closes below 2073, the downtrend won’t be confirmed.

YM (Mini- Dow) and US-30

Looking very strong just like the ES – YM has to close on the daily chart below 17700 to confirm weakness.

NQ (Mini NAZDAQ) and NAZ 100

Might be leading the rest down – it is sitting near 4500 which is a do or die level for this week

We do our analysis daily, since the volume is dynamic, things can change in the short term. We use this in our room for trading the direction of the market.

Recently we added Spot forex, CFD’s, Currency pairs, and also options