www.armstrongeconomics.com
Gold needs a closing ABOVE 1254.50 to signal a rally. A closing below
1225 would warn of a decline. Between these two numbers is still
neutral.
In Silver we need a daily closing above 1551 on a daily basis to
signal a rally but a closing above 1531 today will keep silver in a
neutral position. It will take a weekly closing back below 1483 to
signal new lows ahead near-term.
The Dow shows a daily close below 17433 will signal a further decline
whereas today our number will be 17421. Holding those numbers leave the
Dow still neutral.
In crude, we need a Daily closing above 3985 to signal a rally ahead.
A weekly closing below 3452 will signal back to the downside.
In the S&P500 Cash, a Daily closing below 203194 will signal a
decline. Our weekly number for today will be 201720. Holding these
levels keeps the market neutral for now.
In the Euro, we still see the 11695 level as the key area of
resistance. Our Weekly Bullish still stands at 11450 and until that is
elected, then there is no rally to the 11600 zone. Support is now 11135
and a weekly closing below that level will signal a retest of support
ahead.
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