EUR/USD - Made its top at 139.14 (just one lousy pip from the low end of my target-area between 139.15 - 139.30). We are now testing support at 136.83, but it should only provide minor support before the next decline towards more serious support near 136.18 and 134.34.Minor resistance is now found at 137.50 and 137.85.
S&P 500 - Only made to 1,224.58 before tipping over to the downside. We will still need a break below 1,190.80 to confirm that we have a top in place for a decline towards 1,167.50 and 1,149.80.
Gold - Meet strong resistance at 1,695 and the rally from 1,534.49 does not display any impulsivness, which does turn focus towards more downside action. I'm now looking for a break below 1,652.69 to confirm new pressure towards 1,589 and possible a new challenge near 1,530.Only an unexpected break above 1,695 will ease pressure towards the downside, but that is not expected after the latest price-action.
Crude oil - Seems to have top at 88.17, just before my target near 90. The minor break above the falling trendline since the 114.83 high does look like a failure break and adds pressure to the downside. However we need a break below 83.21 to confirm the top for a continuation towards 80.05 and possibly even lower.
Crude oil - Seems to have top at 88.17, just before my target near 90. The minor break above the falling trendline since the 114.83 high does look like a failure break and adds pressure to the downside. However we need a break below 83.21 to confirm the top for a continuation towards 80.05 and possibly even lower.As long as 83.21 hasn't been broken, we could still see a rally to 90, but it's not my preferred count at this point.
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