The stock charts posted so far this wk have same harmonic scenario if there’s no updated chart. The Day Swordlines for ES, NQ, CL, GC futures & SPY can be refreshed using the STLevels indicator. These charts may just show the Week and Month Swordlines.
When intraday levels or patterns are exceeded or invalidated, please refer to charts posted for the week, click here.
Due to my commitment this week, I’m only going to make some comments here, please refer to charts posted for 6/13/16 for the visual & their analysis for 6/13.
ES approaching it’s 5-0 tgt at 2061.25, this correlates w/ STRenko 20 chart’s 200, this is an oppty for buyers to step even if breaches below 2061.25 to test 2049.75. But a b/d 2049.75 has 2012.75 tgt. Once price can hold back above 2072.75, the could just be a shallow bounce into 2083 area, but above there implies retest attempt of megaphone resist.
NQ attempting to hold below its GRZ lvl 4433.5 as well as megaphone sup line. Initial lvl to hold beyond is that 4433.5, refer to 6/13 analysis.
CL holding below its 30STRenko chart’s 200, this implies a test of 47.75 & below there has 46.9 & 44.52 tgts.
6E still has dnside intraday bias, increasing in that scenario below 1.12850 then more important 1.11395. There’s probable upside shift w/ hold back above 1.1341 for 1.15545 tgt.
SPY, closed below megaphone sup, watch for 208.8 to be tested as resistance, as long as holds below there has 207.65 tgt w/ potential breach to 206.5, below there shifts bias to dnside.
IWM, approaching GRZ / SL tgt 114.39, could bounce there into 115.23 or 115.98 area which will be key resist tests. Overall I’m looking for at least a 38,2% bounce from 114.57 or 113.36 to emerge a pattern.
QQQ has some expansion so watch for potential bounce off 107.76 to test 108.39 or 109.71 as resist, then refer to 6/13 analysis.
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