Friday, 13 January 2012

S&P, EURUSD and MIB in focus......

 S&P future remains in upward sloping channel. As note in twitter yesterday it did not break support and this could mean a new high today. This whole move could soon be over but with weak macro and the rally still going on the market could surprise us again. Very strong resistance area of 1300-1317. Top picking is not our favorite strategy...better safe than sorry. Breaking the channel would signal us to take short positions.

 EURUSD remains in the downward sloping channel, having a double bottom at 1,2660 area, but in my opinion this move could be a C wave, thus corrective. 1.2930 next resistance and after that 1,3050.

MIB still inside the triangle and reaching the upper side of it. Lets wait and see which side it will break and then take action......

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