Tuesday, 3 April 2012

S&P targets 1500

S&P holds its support and moves higher. The wave structure could be labeled as in the process of an extended 5th (?) wave. Targets for completion come near 1500. Short term wave structure makes me believe that a 3rd wave is near. Support of 1400 and 1390-85 are of major importance.

EURUSD is moving sideways between 1,3380-1,3270. Still above the upper pitchfork resistance, and above the short term trend line that starts from 1,30 area. This is bullish signs for me. A clean break and a 2hour close above 1,3390 will push the pair towards 1,35 imho at least.

No comments:

Post a Comment