SP 500 E-mini Future
|4 hour ES|
Despite the sheer panic over Cyprus, the ES_F closed the week just about where it started @ 1553.75.
What this tells us is the market clearly consolidated and build a base around 1535 which was built upon throughout the week into 1554 highs following cash close Friday.
What do we expect for next week, well use the complex as gauge; if bonds continue to melt ES stands a high chance of moving back over 1560 to target all time ES highs over 1588 ES and
|5 min ES|
The 1545 level remains the median price due to the mass it has gained by the volume traded @ the price the past week or so. Under we stay heavy with 1530's pulling over 1560's are pulling on price..
FX & T-Complex
|1 hour ZB|
That being said, in honor of keeping it simple stupid.... below 143 means the price moves back to 142'16 before the Sunday night gap closes @ 141'29.
|SPY vs TLT 1 year|
This means in the ES we break over 1560. The dollar is on her own, but the lower dollar goes the more the inflation bid will come into the complex via macro-players.
|BITcoin 1 year .. looks a bit extended if you ask me..
extended on the Cyprus panic.