Have had a request for an updated UNG chart listing next supports since it dropped through 16.03 this week so I thought I would put it here. Ideal cycle low this week with supports at 15.21 and 14.82.
Bonds have been stuck in the 155^11 to 159^24 range now for nearing three months now. Favor lower for a better looking (b) wave.
Crude can use a small bounce before continuing lower in wave (c) of [v].
DX is on the verge of first confirmation that the wave (ii) low is set as it pops up over 97.63.
Euro has been stuck in a correction for three months. Favor a break lower under 1.1143 to make a new low under that of last October.
Gold is bouncing up from 1534. I’d like to see the bounce be held back by 1573.40.
Next major number to reach for in SPX is 3352. The look of the Adaptive CCI is consistent with a third wave type high in the making.
A short programming note. Monday is a US holiday so no posts on Monday. Back to the normal schedule on Tuesday morning.