XLD 1.98% 1,623.6 s&p/asx 200 2 x daily leverage index

S&D, S&R, Trends, Fork's and Turnarounds, page-209

  1. 16,642 Posts.
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    Well the Gold Futures (4hr) finished up in a fairly logical position, testing the resistance from the breakdown @1244.6

    GC 040616.png

    However the DX (4hr) closed between the two most logical positions (although there is a minor level @94.025), so I expect price to either come down and eventually test 93.65, or come up and test 94.31.   Keep in mind that if price was to keep breaking down, strong support is likely to remain between 92 & 93.

    DX 040616 4hr.png

    And finally the ES (4hr), which looked poised to rise before last nights event, appears to have seen support come in from the day's lows.

    ES 040616.png

    Z44.png
 
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