SP500
Bulls look for 1900, Bears will be looking for a move and close below 1840. 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 by mid May. Looking for FTSE to trade in 6500-7000 range in May.
GOLD
Look for Gold to trade between $1280-$1330 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 | 1881 | 1870 | 1850 | 1950 | 19 May | |
| UK | FTSE | 6822 | 6750 | 6682 | 6950 | 19 May | |
| Europe | DAX | 9556 | 9500 | 9400 | 10000 | 19 May | |
| Japan | N225 | 14457 | 14400 | 14200 | 15000 | 19 May | |
| Comm | Gold | 1302 | 1310 | 1330 | 1200 | 27 Jun |
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