6-6-12 Wed Max

Subject: Max - Wed Today at 5:48 pm

Wed 6/6/2012:
E/J

Monthly candle is out of balance with LR to the upside (with gold up consolidation).
Daily Gold cross. Purple/white not crossed yet

Resistances:

Daily Purple: 97.17
Daily EMA: 98.63
Weekly Gold: 99.66
1H 200 Simple
2H 100 Simple

Supports:
Daily lower BB: 96.14
Weekly lower BB: 95.69
1H TI
1H Romar

Consolidation is continued, and now daily is showing Gold cross for up consolidation.
DMI's are up.
1H 200 simple and 2H 100 simple are in trading areas and near upper BBs. Daily EMA is just above 2H Simple.
1H Gold is showing end to its up cycle. 2H has shown a perfect crossing around 1200 and is in up Gold cycle.

1) will look for a short at 1H 200 simple, daily EMA area with 2H being closer to ending up Gold cycle.
2) Long with a 1H slider and market at or near TI/Romar levels. 2H must still be up and DMI's synced