11:30 PST
The market is acting as expected. Both the EUR/USD and the /ES are traveling within their downward forks.
The bears are gaining control but need to keep Price below 1136 /ES and 1140 SPX. The Kumo is weak and should it be tested there is a good chance that the Bulls could regain control. While I doubt that will happen it's important to keep an eye on.
The red line in the chart above is the EUR/USDNotice how we have returned to the expected daily range.
07:39 PST
DDF is bearish with a daily range of 1129 to 1139.
The extended range is 1120 to 1159.
M60 MoneySpy is Bearish
Price is below the M60 Kumo but even though the Tenkan-sen and Kijun-sen have crossed they remain above the cloud.
The EUR/USD continues in downward fork the fork.
More updates to follow.
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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