Monday, July 4, 2016

7/4/16

Markets fell further Monday(6/27) after the Brexit and have so far bounced "returning to scene of the crime" (SOC).  Oil for the most part followed suit.  Gold and silver are rallying.  Copper has bounced back strongly after a sharp fall on Brexit vote.



S&P futures hit 1981.5 on Monday and have bounced back towards SOC at 2106(Verniman's #) - 2119.5 (Thursday nights high).  Expecting to test 2106 to 2119.75.  If breaks above, 2154.25 on the radar.  If can't, expecting 1955.5




Russell



Nasdaq hit a vM at 4193.5, but broke well below.   Just above its 200ma.



The Dow fell hitting vM to 16967 and has so far bounce.  If breaks above 18083, expecting 19653, otherwise 13402




The Dollar has a bull flag set up for higher aligning with towards vW to 99.599



Bonds still rallying



Gold has rallied and triggered 1549.5  
Silver raliied even heavier in recent days.



Copper fell on Brexit but has rebounded heavily



Oil is balancing between breaking out towards 74.21 or 37.76




IBB




XLF

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