A.M. Look 5/24/24

G7 meeting will get going today. If there is a hint of anything substantial it will show up in the currencies before the close.

Spoo needs a 5312.50 print to confirm yesterday’s low with initial resistance @ 5321.

The long-term Point & Figure will require a 5250 print for yesterday’s high to be a false high.

Matrix levels are closing levels. Gold has not closed below its #. All you need to see today is a close above 2338, the weekly ORL.

Copper will require a close below 4.72 ish to negate the rally.

Silver/Suisse broke out and stalled @ it’s 200 Week. So far this is a retest of the channel line breakout from last week.

Have a great holiday weekend.

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