The New CS Board

[dindindon]

06/12/15 SPX & Gold

(1) SPX

session low 2091.33, Ongoing.

To be short term bullish, the test window is 06/12-06/16, test resistance point is 2126.33. Otherwise, a cycle low is expected in middle of July

Events:
FOMC June 16/17
Greece status

06/07/15 09:05:47 PM
No matter how E-wavers label their wave counts, the projection target is engaging a set of Fibonacci series that comply with trend lines, chart patterns, and prior High/Low.

comments: Fibonacci points in italic fonts. intraday first level support 2093.58-2088.52

(uploaded time: June 12, 2015, 7:51:30 AM, Pacific Time)

(2) Gold

resistance: (1) 1192.75, (2) 1187.6

First attempt high was 1191.80 on 06/10.
The subsequent attempts did not take out the lower resistance 1187.60.
To be short term bullish, Gold needs to surmount 1191.80 in the next few session, Otherwise , weakness is expected for the rest of June & July

session High
Jun 12 1183.50, Ongoing
Jun 11 1187.40
Jun 10 1191.80
Jun 09 1182.30
Jun 08 1177.10
Jun 07 1170.80

Recent Low
Jun 05 1162.10

http://www.investing.com/commodities/gold-historical-data