SP500 did early this morning test the crucial old resistance point 1.200.00 but were stopped just below at 1.199.64. The 2 hr chart uptrend is still in place and more tests could come during the day but the uptrend has lost its steam and and a down turn could also start. Now at 1.190. 34. It feels like the top has been seen.
A break above 1.200 would make the gap at 1.214.72 the target.
The Euro has topped at 1.3398 by the 8 day MA and is currently trading sideways. The very important resistance point at 1.3384 must hold Wednesday close to keep the long downtrend in place. Now trading 1.3329. The 2 hr uptrend is still in place but right now the trend is sideways. I feel the Euro will close the month below 1.3384.
A break above 1.200 would make the gap at 1.214.72 the target.
The Euro has topped at 1.3398 by the 8 day MA and is currently trading sideways. The very important resistance point at 1.3384 must hold Wednesday close to keep the long downtrend in place. Now trading 1.3329. The 2 hr uptrend is still in place but right now the trend is sideways. I feel the Euro will close the month below 1.3384.
No comments:
Post a Comment