The coming week of Aug. 24, 2018, sets up trending pivot math in the Japanese yen, a potential rangebound pivot breakout higher in soybeans, and bulls entering many markets. The S&P 500 appears near highs for next week, but the monthly Camarilla pivot at the 2,867 level seems to make sense to me, so I projected next week’s new high at 2,865 or higher.
The coming week (July 1-5) should consolidate in about half of the symbols I track., but some inside-pivots breakouts show as setups in the charts. The S&P 500, yen, Eurodollar (slightly-higher pivots) and gold have trending weekly pivots for next week, meaning conditions are right for fewer directional turns and twists in these and wide-ranges are likely.
The coming week (May 29-June1) will trend a bit more and in more symbols than this closing week (May 25), according to pivot math. A few narrow-range breakout setups exist, and gold already started its wide-range upturn. Crude Oil has a pivots-based breakout setup on weekly pivots, a weekly chart bearish inverted hammer sell signal as of Thursday night, and 3-day chart narrow-range breakout math