Blog Archive

Tuesday, June 15, 2010


Today's White Opening Marubozu indicates that long positions are to be held.
The indicators and Bullish on both Daily and Hourly.
The Andrews Pitchfork are indicating that the market has come to rest at an area of heavy resistance. If this area is broken, the top of the yellow fork will become the target.

We broke slightly over the 200 dma. I think it will hold and retrace to the lower tine but the bulls have been know to blow through resistance with a big show at the peaks. Price either retreats here at 1111 or 1118 is the target.



1118 will be the target,
if Price breaks 1105 resistance.
Resistance from the 200 day MA at 1108
There are several indicators that say this is today's peak.
I'm still waiting for PPS to agree.

I still believe there is a good chance we will close down today before resuming an upward trend.


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

No comments:

Post a Comment

Today's Feature