These levels do not change so please keep them. I will not re-visit these in the a.m.

The crude just gave back 50% @ 99.40 of this years move and still going. I’ll start looking another 4 dollars lower for the possibility of a low risk counter trend trade around (94.50-95.70).With a close below 110.71 on the week, pretty much a lock at this point,the weekly reversal pattern is basically assured no matter what the price action is tomorrow.

The Big focus will be the dollar and it’s effect on the other risk assets ( which it’s been all week) since the AUD/USD showed the way on Monday. A weekly close under 106.77 and we should get another big swing down. Euro… a close tomorrow under 144.93 is needed for an outside reversal week. USD/CAD has a double bottom @ 94.45 on the weekly, USD/CHF ..85.56 same pattern.

UUP..A close above 21.27 confirms the outside reversal pattern here, 74520 is the DXAM ( June dollar index). These closes would be more confirmation the buck is back for a while.

Stock indices are as follows for the weekly outside reversal #’s.

SPU… 1327

MIdcap…98760

TFM.. 83690 Russell

DAX….. 72915

DSXM… 28565 Euro stocks 50