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Wednesday, March 24, 2010

Wednesday

13:25 EST
This is what my forks look like on the EUR/USD.
I'm wondering if Price will meet the bottom tine of either the Green or Dark_Red fork at the same time the SPX hits the bottom of the Yellow Fork.

My indicators have turned Bearish on the Hourly SPX, and the Ichimoku has a Bear cross.





12:17 EST
As I said earlier this morning 1166 is key for the Bears today.
Looks like the Yellow fork is still in charge.


10:55 EST

DDF is Neutral with a slight hint of Bearish.

Forks are Bullish until broken.
MoneySpy is Neutral.

Yesterday finished with a Bullish White candle which gaped up on the open. So far this morning there appears to be a little indecision going on. The Bears need a close below 1166 to begin a Bearish pattern. Until a close below 1155 occurs, the Bulls will enjoy the ride.




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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