WEEKEND SUMMARY

WEEKLY SUMMARY and SUBMISSIONS


Weekly and Monthly levels are always less accurate but close enough to use daily technical's to tune the final levels.

sp500 e mini -

Weekly trend is still down (only just though) a break in 878 will see a weekly high level of 900.5 no more. on the downside 852 is sensitive area and any break below this and closes! below this 777 is very likely. The other level i have is 748.5 its a serious move but under the current situation anything is possible and while weekly trend is down we have to follow through with the momentum.

DOW -

Weekly trend is still down and although 7850 is strong point of support , if this is broken then 7450 is very likely or lower. Upside is 8480 as a resistive area

Expectation is the weekly to follow through tot he downside so expect some more bad news of sorts to unleash the bears again.

STOXX -

Weekly trend did break here to the long side , caution as my calculations show its right on the button here of resistance so im waiting for a daily entry and ride the move ... based on the US markets down side this may be a false break here to the upside and once again we see a downward spiral. upside resitance 2410. downside weekly if fail occurs 2150

GOLD -
Weekly is still in up trend and levels here are close to another weekly high being taken out ... watch for the break of 939 . if a fail occurs this week Gold will be sold down to at aleast 860.

Silver -
Weekly trend is a strong uoward drive. However all good things must come to end at some point, silver is very very close and unless a break in the high this week , as Gold then expect a sell off.

Soybeans -
Weekly trend is about to break this week to upside , not quite , watch for the 970 area if beans fall below this then weekly trend is going to continue down to 936 area initially.

Wheat -

weekly trend is