Gold…is still holding matrix support @ 1307 (Q).

Below it will get weak fast. Those buying Gold against the trend line or for a longer term play should keep a tight leash on this. It would take a close over 1340 to move higher.

​AUD/JPY...The cross as well as straight USD/JPY are trading @ there respective 50% fibs from Brexit​.

​Many markets are coming to a crossroads (inflection levels)​.

Equity Indices are in an Overbought grind. The longer term Point & Figure chart needs a 2142 print for a reversal.

This is an area to be defensive. I remain bullish over the longer term, however I have no intention of chasing an Index that has run this far with out some consolidation.

Long only guys won’t go broke taking money off the table or placing protective trailing stops.

 

30 Yr. Futures can rally to 173.17 before running into momentum resistance