6-4-12 Monday - Max

**Newark18** Mon Jun 04, 2012 12:36 pm

Monday 6/3/2012:
E/J

Monthly candle is out of balance with LR to the upside (with gold up consolidation).
Weekly candle below 0% Fib.
Daily candle above LR, Gold above Purple

Resistances:
Daily Gold: 97.54
Daily Purple: 97.36
Daily Smooth: 98.45
1H and 2H Romars

Supports:
Daily lower BB: 95.89
Weekly lower BB: 95.30
1H TI

DMI's out of sync, but 2H is close to 50 (30 and 1H already for the up)

If we hit Daily S or R, then the next step would be to look for the next entry off the trading chart.
1H TI crossed with EMA. Out of TI sync. Looking for S & R hits.

1.) Short at daily Gold/Purple area. If open above 1H Romar, then be wary of 2H which may go up to 2H Romar. Safe entry would be open/close hit between bands.
2.) Long 1H TI on a Gold sync up.