SP500
Bulls look for 1900, Bears will be looking for a move and close below 1860. Seasonally May is the time for a market peak by 3rd week at the latest. I am looking for SP500 to trade in the 1850-1900 range with a move into a summer low in July around 1750
FTSE
FTSE is testing 6866 resistance again. A move and spike up to 7000 is possible. Looking for FTSE to trade in 6500-7000 range in May.
GOLD
Look for Gold to trade between $1270-$1320 this week. Gold is entering the weak summer months, so unless Ukraine explodes in the next few weeks, Gold looks range bound $1250-1350 until August.
| Sector | Fund | Price | Daily Stop | Weekly Stop | Target | When | |
|---|---|---|---|---|---|---|---|
| USA | SP500 | 1878 | 1875 | 1860 | 1950 | 23 May | |
| UK | FTSE | 6814 | 6800 | 6760 | 6950 | 23 May | |
| Europe | DAX | 9581 | 9500 | 9400 | 10000 | 23 May | |
| Japan | N225 | 14200 | 14250 | 14300 | 14000 | 23 May | |
| Comm | Gold | 1289 | 1300 | 1320 | 1200 | 27 Jun |
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