Daily Our shooting star from May 30th has retraced and created 3 black crows into a bear flag above the Weekly trendline. Targets $95.75(March 20 low) - $95.16 ( Jan 31 low) - $95.03 (Jan 10 low). First target is right above 20ema Monthly ($95.69)
The New York Empire State Manufacturing Index plummeted 26.4 points from the previous month to -8.6 in June 2019, missing market expectations of +10. That was the largest monthly decline on record. Chicago Pmi 49.7 vs 53.1 pointing to the first month of contraction in Chicago's activity since January 2017. New home sales(MoM) fall 7.8%, the lowest since December. Richmond Fed Manufacturing slower than expected, The Dallas' general business activity index for manufacturing in Texas fell to -12.1 in June 2019 from -5.3 in May and compared with market forecasts of -1. It was the lowest reading since June 2016. Philadelphia Fed Manufacturing Index in the United States decreased to 0.30 Index Points in June from 16.60 Index Points in May of 2019. This is the lowest reading since February, when the index fell below zero. Markit Composite Pmi reading signalled the weakest expansion since February 2016, as factory activity rose the least since September 2009 (50.1 from 50.5 in May) and the services sector grew the least since February 2016 (50.7 from 50.9). Consumer confidence takes a sharp 9.6 point dive, Jobless claims hit the highest level since the week ended May 4 2019. Kansas Fed Manufacturing index falls -3%, .U.S. Over Net capital flows fell for the 4nd straight time(-7.8B) vs +17B expected.
Weekly there is a tremendous bearish engulfing under the 50ema into a doji above the Weekly trendline. G20 was more optimistic so risk on is hot for now.
The New York Empire State Manufacturing Index plummeted 26.4 points from the previous month to -8.6 in June 2019, missing market expectations of +10. That was the largest monthly decline on record. Chicago Pmi 49.7 vs 53.1 pointing to the first month of contraction in Chicago's activity since January 2017. New home sales(MoM) fall 7.8%, the lowest since December. Richmond Fed Manufacturing slower than expected, The Dallas' general business activity index for manufacturing in Texas fell to -12.1 in June 2019 from -5.3 in May and compared with market forecasts of -1. It was the lowest reading since June 2016. Philadelphia Fed Manufacturing Index in the United States decreased to 0.30 Index Points in June from 16.60 Index Points in May of 2019. This is the lowest reading since February, when the index fell below zero. Markit Composite Pmi reading signalled the weakest expansion since February 2016, as factory activity rose the least since September 2009 (50.1 from 50.5 in May) and the services sector grew the least since February 2016 (50.7 from 50.9). Consumer confidence takes a sharp 9.6 point dive, Jobless claims hit the highest level since the week ended May 4 2019. Kansas Fed Manufacturing index falls -3%, .U.S. Over Net capital flows fell for the 4nd straight time(-7.8B) vs +17B expected.
Weekly there is a tremendous bearish engulfing under the 50ema into a doji above the Weekly trendline. G20 was more optimistic so risk on is hot for now.
