EUR/USD - The ongoing minor correction should meet resistance in the 128.15 - 128.53 area, which I expect will protect the upside for the next decline towards the mid 125 area.
Dow Jones Industrial - There is not much to add here. We are still looking at overhead resistance in the 12,400 - 12,500 area, which I expect will protect the upside for a break below 12,140, which will confirm, that a top is in place for a decline towards 11,735 and more likely 11,230.
VIX - Index - We just need one more new low to end the ending diagonal, which has dominated the picture since August 2011. The ending diagonal warns of a major decline in the DJI, once it's done.
No comments:
Post a Comment