CADJPY appears to be carving out a wave 3 high, bulls will be watching for a three wave correction to ideally test trend line support towards 90.30 to re-engage on the long side to target a 5=1 93.50 upside objective
AUDNZD has seen an impressive bounce from our 1.0330 reversal zone. Focus now shifts to descending trend line resistance, the current equality objective and monthly projected range resistance. Look for bearish reversal patterns at 1.0640/1.07 to set Shortt positions initially targeting a retest of 1.05 and then 1.04 in extension
USDCAD is testing pivotal support sited at 1.2450, this area represents the equality objective versus the B wave high at 1.2896 and the 50% retracement of the advance from the May lows, watch for bullish reversal patterns here to set long positions targeting a move to test 1.3350
The Russell2000 appears to be in th leather stages of completing a complex ABCDE corrective cycle, watch for bullish reversal patterns on any pullback towards 2100 to deploy long exposure, looking for a 5th wave upside extension to a 5=1 upside equality objective above 2700
Silver is in the latter stages of potentially completing its corrective cycle. The sequence should complete on the next new low to test the confluent support zone of 21/20/50, watch for bullish reversal patterns to develop here to deploy long exposure targeting a move back through the internal trend line resistance through 23 enrolee to a test of the primary trend...
AJG appears to be carving out a double top pattern, accompanied by triple momentum divergence. Bearish exposure should be rewarded on follow through below yesterdays lows and through the pivot at 148 targeting a retest of range support sited at 135.50
USDJPY looks poised to extend on recent gains, the pullback to retest bids towards 110.50 looks to be attracting demand as such bullish exposure should be rewarded on a breach of 111.35 initially targeting a test of the ascending trend line resistance at 112.40 en-route to an ultimate test of the equality objective just above 113
NZDCHF made an impulsive break from its corrective channel, the recent pullback to retest broken trend channel resistance as support, this area coincided with the equality objective at 6419, with the 50% retracement just below at 6408. Bullish exposure should be rewarded on a break of the monthly pivot at 6475 targeting the next upside equality objective at 6745
ALB has been carving out a potentially bearish Head & Shoulders top. Look for a close through the neckline at 210 to deploy short positions targeting a test of the measured move objective at 168.2
The Nasdaq is in the process of correcting the rally from mid May, the C wave equality objective is sited at 14516, with the 50% retracement just below at 14321, coinciding with projected ascending trend line support, watch for bullish reversal patterns to develop in this area to set long positions looking for upside extension through prior cycle highs enroute to...
