I'll start the week out with a chart from over at Slope. Oh, if only analogs like these played out more than the seemingly about 1% of the time that they do... Oh, if only...




Source: http://slopeofhope.com/2014/06/draw-thine-own-conclusions.html

39-40 looks like a nice resistance area.

Gold

Note to ES traders. The ES 'rolled out' on Friday to the Sept contract, and that is now the front month.

Thanks for the note, Jim. Same with FX. Liquidity switched to U contracts on Friday.

Okay, let's see how much all this 'bad news' over the weekend pops the market up.

Nope, flat open. Now let's see how much they gun it up.

Down three points and change! Woo-hoo!!!

Time for the plunge protection team to spring into action.

Swoooooooooooooooooooooooooooooooooosh! WOO-HOO!!!

Back to price flow. Now we see.

I think the middle one applies, too, if you know the enemy, but not yourself.