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JUNE breaks support at 3820/00 for an important sell signal, of course, targeting 3730/20, then 3695/85, and 3650/40. The ultimate target is strong support at 3520/00. First resistance at 3770/80 then of course we have a sell opportunity at 3800/10 on any bounce – stop above 3825.
JUNE broke the May low at 11491 as predicted for an obvious sell signal targeting 11200/100 (a low for the day exactly here), then very strong support at 10800/700. This will be key to direction over the summer and a break lower will be disastrous. Gains are likely to be limited in the bear trend with first resistance at 11450/500. Unlikely, but if we continue higher, expect very strong resistance at 11600/650.
broke strong support at 14200/150 to target 13900/800 and 13600/550, then 13480/430 yesterday, before a retest of very strong support at 13250/150. A low for the day exactly here, but longs need stops below 13000. A break lower is a very important medium term sell signal initially targeting 12700/600. Longs at very strong support at 13250/150 target 13450/500 (about 50 ticks away as I write overnight), perhaps as far as resistance at 13650/750.
broke strong support at 7320/00 for another sell signal targeting 7225/15 and important support at 7140/20. A LOW FOR THE DAY EXACTLY HERE! Longs need stops below 7080. A break lower is an important sell signal targeting 7000/6990 and 6900/6875 (just to start). A bounce from strong support at 7140/20 targets 7170/90 (hit), perhaps as far as 7250/80 today for profit taking. Further gains meet strong resistance at 7330/40.
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