I hope you had a great Christmas and I wish you all the best for 2013!
Regular updates will continue tomorrow.
Monday, December 31, 2012
Friday, December 21, 2012
Thursday, December 20, 2012
SPX ~ EOD ~ 20 December 2012
We got a pullback after we hit the upper trendline:
Let's see if we can even hit the lower trendline again.
Let's see if we can even hit the lower trendline again.
Tuesday, December 18, 2012
SPX ~ Intraday ~ 18 December 2012
And we're back at the upper trendline:
Let's see if we continue to trade within the two trendlines and decline back to the lower one by the end of this week.
Let's see if we continue to trade within the two trendlines and decline back to the lower one by the end of this week.
SPX ~ Pre-Market ~ 18 December 2012
The rally occured a bit earlier and was stronger than I expected:
It looks like the SPX wants to rally back to the upper trendline. For that to happen we need to break 1430ish first though.
It looks like the SPX wants to rally back to the upper trendline. For that to happen we need to break 1430ish first though.
Monday, December 17, 2012
Gold ~ 17 December 2012
Gold broke 1740 last month but quickly dropped back below it cancelling my buy signal.
It looks like it is forming a triangle now and depending on which way the triangle breaks the next targets should be either 1630ish or 1800:
SPX ~ Pre-Market ~ 17 December 2012
The SPX is now at the lower trendline of the channel:
1408 is still my preferred target for this move. After that we should see a bounce, possibly up to 1425ish later this week.
1408 is still my preferred target for this move. After that we should see a bounce, possibly up to 1425ish later this week.
Thursday, December 13, 2012
SPX ~ Intraday ~ 13 December 2012
The SPX closed below 1435 yesterday. Thus I'm still neutral medium-term.
As mentioned in one of my previous updates, should we get a reversal around 1435, which we certainly got yesterday, my preferred target for a correction is 1408ish.
There is also an open gap at 1419 so we could see a short-term bounce there. But below 1419, 1408 should be next.
As mentioned in one of my previous updates, should we get a reversal around 1435, which we certainly got yesterday, my preferred target for a correction is 1408ish.
There is also an open gap at 1419 so we could see a short-term bounce there. But below 1419, 1408 should be next.
Wednesday, December 12, 2012
SPX ~ Intraday ~ 12 December 2012
We got a huge spike after the FED announcement and breached 1435:
Let's see if we get a daily close above 1435 or if it's just a fake.
Let's see if we get a daily close above 1435 or if it's just a fake.
Tuesday, December 11, 2012
SPX ~ Intraday ~ 11 December 2012
The SPX hit 1430ish. Let's see what happens now.
If the resistance holds, I think we should see a correction, probably to 1408ish again. If we get a convincing break though, a rally back to the highs seems likely.
If the resistance holds, I think we should see a correction, probably to 1408ish again. If we get a convincing break though, a rally back to the highs seems likely.
Monday, December 10, 2012
Thursday, December 6, 2012
USD/JPY ~ 6 December 2012
The USD/JPY has been consolidating above the support around 82ish and might be ready now to rally to 84ish:
Once 82.8ish is broken the next target should be 84ish. The medium-term trend remains up as long as we stay above 81.2ish.
Once 82.8ish is broken the next target should be 84ish. The medium-term trend remains up as long as we stay above 81.2ish.
Wednesday, December 5, 2012
SPX ~ EOD ~ 5 December 2012
1407 was breached early in the day but the subsequent decline wasn't as big as I was hoping. In fact, we got a huge reversal at 1400ish and 1407 was quickly regained:
Medium-term I'm still neutral as long as either 1430 or 1390 is convincingly broken.
Medium-term I'm still neutral as long as either 1430 or 1390 is convincingly broken.
SPX ~ Pre-Market ~ 5 December 2012
The SPX is pressuring the support level at 1407ish:
As mentioned in my last update a break of this level should lead to a decline towards 1390ish. If we get a reversal around this level though, a rally to 1430ish should follow.
As mentioned in my last update a break of this level should lead to a decline towards 1390ish. If we get a reversal around this level though, a rally to 1430ish should follow.
Tuesday, December 4, 2012
EUR/USD ~ 4 December 2012
The EUR/USD is already near the next resistance around 1.315:
Most likely we'll get another short-term correction once we hit this level. Once 1.315 is breached, the next target should be 1.35.
I've been medium-term bullish again since the break of 1.285 and will remain so as long as this level holds.
Most likely we'll get another short-term correction once we hit this level. Once 1.315 is breached, the next target should be 1.35.
I've been medium-term bullish again since the break of 1.285 and will remain so as long as this level holds.
Monday, December 3, 2012
SPX ~ EOD ~ 3 December 2012
After almost hitting the resistance at 1425-30 and then declined back to the support at 1407-09ish:
If 1407ish holds, we should see another rally towards 1430ish. If it doesn't hold though, 1390ish should be next.
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