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Friday, January 15, 2010


10:38 PST

EUR/USD At the cross roads. Breaking the yellow fork will be very bearish.

08:30 PST

Afloat in the M60 flat bottomed Kumo. Breaking 1132 support will be key for the Bears.


Support lies below from a flat Kijun-sen at 1118.
Daily SPX

07:39 PST
Bias for today's trend is Bearish. Currently we are at the expected low of the day. I suspect we may even hit the lower limit for the week at 1122.

As I said earlier this week 1136 has proven to be a significant level on the /ES. We now have heavy resistance at 1136 from the M60 Kumo. The Daily Tenkan-sen is providing support

The upward fork has been broken, and closing below the fork will only encourage the Bears to take control.

The M60 MoneySpy is bearish but the daily MoneySpy remains just above zero.

/ES with Woodie Pivots and DDF

SPX with Woodie Pivots and DDF

Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.

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