30 yr. Bonds…weekly sell stops are @ 173.24. This will be a big inflection
level the rest of the week since it’s the weekly ORL#.
The long term Point & Figure will need a print just shy of 173.00 for a reversal lower.
Nasd 100,NKD & DAX all hit their next technical resistance as outlined on the matrix.
This is not a signal to load the boat short, rather it’s a matching area that needs price and time digestion to get through.
DAX…10,067 is the low Pre-Brexit vote matching it’s 200 DMA making 10K up into this area “a do not buy strength zone” the first time up.
Gold is seeing profit taking on the back of a risk on board.
Of note GOLD/EURO has a potential weekly double top.
Short-term traders need to let the board breathe and time frame trade.
Long-term investors need to close their eyes and enjoy the ride.
