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[dindindon]

06/19/15 Misc.

Summary:

Saturday, 05/30/15 04:45:35 PM link

 
 (1) Long term target - pending   
 (2) Middle term target 2213.50   
     Gauge 2157.33-2167.53 to see 2213.50   
 (3) SPX Short term high targets: 2137.74, 2141.14, 2148.70 
 (6) imho: Pullback below 1976 +/- is the  
     confirmation we may not see 2213.50 for a quite long time.

Saturday, 06/06/15 10:57:52 AM link

SPX diagonal pattern is not complete. currently jogs in zone 1 (click)

 
 Short term high targets:   
    2137.74, 2141.14, 2148.70  
 Short term  low targets:    
    based on retracement    
    2083.69, 2082.22, 2075.96    
    2066.04, 2039.66, 2017.20

Friday, 06/12/15 10:58:50 AM

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

Review:

Session high 2126.65 on 06/18 can be visualized in the chart, the projection was 2126.33.
A standard retracement 0.3236/0.382 out of 2126.65-2072.14 is 2109.01/2105.83, actual 2109.45 (session low on 06/19), preferred projection number is 2105.83.


The double bottoms 2072.14 (06/09) and 2072.49 (06/15) validated the active route is 1980.90-2134.72, where 0.4045 retracement is 2072.50


Actions:
I completed a few trades on FXP, TBT.

Now What?

(1) Middle term targets/Gauge/Short term targets: See summary.
Immediate resistance 2126.33.
Immediate support 2105.83-2109.40.

(2) Gold
The immediate support is 1197.45; as long as gold price can stay above 1189.10 (0.618, 1232.80-1162.10), it is short-to-middle term bullish. Be aware that gold price is speculative, highly susceptible with news.

(3) In short term, any positive resolution for Greece may pump the stock index up. Long term wise, Instead of the hot topics “Grexit, Grefault”, Greece is not only a geopolitical pivot (a) but also an important pivot for China’s One Road-One Belt initiatives (b),(c).

(a) The EU has reason to be concerned over relations between Greece and Russia
Apr 14, 2015
http://blogs.lse.ac.uk/europpblog/2015/04/14/the-eu-has-reason-to-be-concerned-over-relations-between-greece-and-russia/

Zbigniew Brzezinski’s recent comments in an interview to Dziennik Gazeta Prawnathat should Greece come closer to Russia, it could paralyze NATO, should serve as a warning of the dire consequences which could result from divided loyalties and ill-thought through plans of action

(b)Port of Piraeus, Greece
Greek gov’t renegotiating sale of Piraeus port with Chinese company
link

(c) Russia and China mock divide and rule
Posted by Pepe Escobar on May 31, 2015
link
Xi’s ultimate master plan is unambiguous: a Russia-China-Germany trade/commerce alliance.

Xi – and Putin – are building a new economic reality on the Eurasian ground, crammed with crucial political, economic and strategic ramifications.