6-7-12 Max Thursday

Thurs 6/7/2012:
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 Upper BB: 104.04
Daily Romar: 102.33
2H 200 Simple

Supports:
Daily Gold: 96.79
Daily Smooth: 97.75
Daily Purple: 97.69
1H Romar/TI
2H Romar/TI

TI's in sync
DMI Up but oversold. Daily is working off its oversold condition. Trading charts are working off oversold conditions.

Daily is imbalanced with market above LR, which is below EMA.

Plan is not much different from yesterday's.
Short with 1H and 2H gold sync (at 2H 200 simple)
Long at 1H TI if starting to sync back up with 2H and DMI up

the variable here is gold cycle again. yesterday, 2H did not yield and continued to 200 simple. will need 2H to show reversal in order for any short.

Hit to H1 Ema, with H1 and H2 synced for uptrend.