30 yr. Bonds…a close above 148.10 is needed for any attempt higher. 147.12 is Point & Figure support.
Spu’s…1563 +- a couple is the qtrly pivot and short-term resistance.
Nasd 100…2793 is the near resistance. 2800-10 remains our macro qtrly closing pivot.
AUD/USD…102.10–35 is the multi year pivot zone since 2010.
AUD/JPY…103 is the next resistance level. We’ll need back under 102 for lower.
USD/JPY….20 pips either side of 100 remains the next key hurdle.
Gold… This hit it’s next resistance level of 1425 Friday, with 1460 a lower risk sell zone. The high 1390’s become support.
OIL…89.33 is the level we’ve yet to penetrate over the past week. Sustaining above this level will lead to the next resistance @ 90.50.
General Comments or Valuable Insight
It’s surprising that Asia nor Europe was willing to push the Yen through 100 to see what’s there.
We’ll be monitoring the Yen crosses for another attempt at the level. Typically it will take a couple try s at a big figure level like this. This is the second attempt so it would be unwise to go long the Yen looking for small change.
Be patient to see what leads today.
Time frame trading today!
Trade what’s in front of you.
