INTERATIONAL MARKET LEVELS

CURRENCY PRODUCTS
JUN B-POUND Resist: 14486, 14586*-146, 148 ST Trend: Sdwys/Up (14306) Supprt: 14255, 14206* Obj: 148 TRP: 142.06 Comment:The market remains in the recent bull upswing, projecting recovery moves to 148-149. A close over 14586* should encourage fresh rallies. Friday’s weak close warns for corrective consolidation down against key 14206* support. If setbacks stabilize off 14206*+, then trade should try to climb back higher. A close under 14206* marks a reversing downturn and selloffs back under 140-.
JUN CANADIAN$ Resist: 8158, 8200-09, 8280-8302 ST Trend: Sdwys/Up (8082) Supprt: 8040, 8000-7979* Obj: 8294 TRP: 78.73 Comment:The market is showing a bull turn in the formation and projects a climb to 8280-8300. A pop over last Thursday’s spike high should fuel a run near 8294. Be careful for corrective congestion for another 1-2 days, but dips that hold over last Friday’s 8040 inside day will build for a return to rallies. A close under 7979* is needed to prompt harder setbacks for a test of 7873* support.
JUN EURO Resist: 13337, 13495*, 13642 ST Trend: Sdwys/Up (13295) Supprt: 13283*, 13217*, 13075 Obj: None TRP: 132.17 Comment:The recent upswing still highlights a drive to 13809*. Last week’s break marks a near term turn to corrective action and the momentum of Friday’s declines should promote dips against 13283* and 13217* support. A close under 13217* signals a reversal turn and harder retracement to 13075. be alert for a bounce off 13217* to bounce corrections inside Friday’s selloff. Only a close over 13495* or pop over 13642 rekindles bull forces.
JUN J-YEN Resist: 10261, 10337-46*, 104+/- ST Trend: Sdwys/Down (10163) Supprt: 10142, 10075-48, 9985 Obj: 10054- TRP: 104.82 Comment:Sharp setbacks signal for dips against old basing low. Trade action targets selloffs to a new low and chance for an extension to long term support at 9985. Corrective rebounds that stay contained by the low 103 area will keep trade negative and setup for selloffs. A close over 10346* voids bear forces and could send retracement rallies to test 10482* for a stronger bottoming turnaround.
JUN SWISS Resist: 8802, 8874-82* ST Trend: Sdwys/Up (8752) Supprt: 8749*, 8685, 8607* Obj: None TRP: 86.07 Comment:The recent upswing still provide bull signals, targeting rallies to 9025. However, Friday’s break warns for a turn to corrections. A close under 8749* will add to defensive trade, possibly testing 8607* for a return to bearish trade. Trade that holds over 8749*+ will try to resume rallies. A close over 8882* is needed to rekindle bull forces.
JUN AUSSIE$ Resist: 6977-7005, 7060 ST Trend: Up (6910) Supprt: 6858, 6831-6818, 6750* Obj: None TRP: 65.59 Comment:The market is bullish, but the drive is against objective levels at 7000-7100. Near term congestion still cautions for a flip to corrective dips. A drop under the previous Friday’s inside day low alerts for a multi-day correction phase to test 6750* for a larger multi-day correction. We may see a secondary push to reach over 7000+, but a close over Tuesday’s 7060 high is needed to continue advances.
JUN US DOLLAR Resist: 8588*-8605*, 8640, 8757* ST Trend: Down (8562) Supprt: 8368, 8310, 8280-8230 Obj: 8280- TRP: 87.57 Comment:Despite Friday’s rebound, the market is bearish and signals for a larger selling wave to 8280-. Be alert for rebounds to be checked by 8588*-8605* resistance and rolled into continuation selloffs. A close under 8280 is bearish. Only a close over 8605* starts a near term bull turnaround to boost a retracement back to downturn levels around 8700 on up to key 8757* resistance.
JUN EURODOLLAR Resist: 98875, 98905* ST Trend: Up (9884) Supprt: 9875-725, 98695* Obj: 98905 TRP: 98.595 Comment:The market remains in a bull drive and targets rallies to test the 98905* resistance level. A close over 98905* targets moves back to 9900+. Be prepared for additional corrective congestion around 9880+/- . Tight congestion will bull flag for rallies. Only a close under 98695* hurts upside forces, warning for a drop to 98595*.
INDEX PRODUCTS
JUN S&P Resist: 83220, 851+/-, 862 ST Trend: Up (81610) Supprt: 80845, 80360-80190, 78795* Obj: 851? TRP: 755.15 Comment:The market is short term bullish and positioned for continued marching rallies. A close over 83220 has a chance to spark or accelerate rallies to 851. Any corrective dips should now fight to hold over 800+ to maintain bull momentum forces, likely bouncing off 80360-. Only a close under 78795* alerts for a reversal or shift to retracements back through this week’s bull trending range.
JUN DOWJONES Resist: 7855, 7985*, 8150-8175 ST Trend: Sdwys/Up (7762) Supprt: 7697, 7642-7610, 7495 Obj: 7985 TRP: 72.91 Comment:The market remains within the recent bull upswing and suggests a larger stretching run to 7985. A close over 7985* could add a stretch to 8150. Be careful for a setback up against 7985*. Corrective setbacks will likely fight to hold last week’s range to keep bull forces of the current upswing. A close under 7291* warns for secondary selloffs back along 7050-.
JUN NASDAQ Resist: 125500+/-, 127175, 128650 ST Trend: Up (125600) Supprt: 124950, 123400*, 121100- Obj: 128650 TRP: 1189.00 Comment:The market is bullish, signaling for continued climbing moves to 128650+. A close over 128650 could trigger pressing rallies to 131000+. Any corrective action should only last another day and fight to hold inside last Wednesday’s corrective day to keep the bull formation. A close under 123400* is needed to flip near term action to sustained corrections back to 118900* support.
JUN MIN-RUSSEL Resist: 43800, 45000+/-, 46200 ST Trend: Up (42860) Supprt: 42505-42135*, 41000- Obj: 45000 TRP: 404.80 Comment:The market is showing an upswing and punch over Friday’s high should spark rallies. Be alert for a swing high against 45000, but the formation also provides an extra swing objective to 46200. Any corrective dips should hold within last Wednesday’s rebounding range to maintain strong bull forces. A close under 42135* could trigger a near term peaking turnover back to 40480*.