Blog Archive

Monday, June 21, 2010


02:20 ET

Market recap:
TOS has been an irritation recently, but it looks like they have many of the problems resolved.

Today's DDF performed beautifully. The DDF's forecast is only pertinent to the hours between 10:30 and 14:30 ET. Clayburg cuts his trading day short because the last hour is less predictable.

Today's Black Candle leaves the Bulls on the defense once again with a Bearish Engulfing Candle. A close below today's close will confirm the reversal. For those who strictly followed the candle sticks it has been a good run for better than a week now.

The Hourly Ichimoku has a Bearish cross and Price is resting on top of the Kumo. A break below 1104 will place that indicator in a bearish condition as well.

Today's high bounced off the 50% Fibonacci. The Hourly Oracle, MoneySpy and DMI are already Bearish, while the forks suggest support at the area between 1097 and 1105, it also appears this upward fork may be coming to an end, it's nearly a month old.

In summary if the DDF has a Bearish Bias tomorrow or if it looks like we will break below the cyan fork; a target in the 933 to 945 area can be expected after pushing through the 1040 wall.
We will have to see how much support we find in the 1097 - 1005 area.


10:30 ET

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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