The Fred Report - Weekly July 9, 2018

View a Printer Friendly version of this page, allowing you to print the page.

For us the indicators suggest the period of maximum vulnerability comes at a new high in SPY, and certainly anything above our target of 290 that is retraced below 280 is our concern.  The bounce off the GLD 117-area support looks strong and should be bought (we bought this a little too early at 119.25). Targets on the upside are 119.50 then 121.80. If these are exceeded a test of 124 to 127 is very likely.



Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area, then please contact us and we will try to rectify this issue as soon as possible.


To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.

 

 

 

Who is Fred Meissner, CMT?
Listen here:

The FRED Report is not authorized, endorsed, or affiliated with the Federal Reserve of St Louis and its FRED Economic Data.