SPX - Market Report Daily 08032010

Today good reaction after numbers (Payrolls report at 8:30 and Consumer credit at 3:00), and market open near resistance 1132.
Next session monday and market last weeks love monday (big % green mondays last weeks).
Can we expect green monday? I'm not so sure about that. Price OK but problems with RSI here.
Trend bullish all time frames.
Hourly suport 1132 and 1117.
Next resistance high of this year (1150)
Daily Suport: 1070 and 1078 , 1095, 1117 Resistance: 1150
RSI following this indicator test both trends- resistance zone here.
Price ok but RSI tell me stay alert possible reversal monday or very soon.
Click to zoom in. Good luck and nice weekend.

SPX - Market Report Daily 08032010

DAX - Daily market Report 08032010

Market close today above 5856 but below 5883
This isn`t a false breakoput 5740 area. Market close above 5856 so kill that scenario.
Follow other scenario last two weeks market made reversal head shoulders >> formation bullishand actived that formation last tuesday. Target Head shoulders 6050 follow this scenario above 5740.
Click to zoom in. Good Luck..
Have a nice weekend and remember the Poll(both sidebars and vote it`s something simple and important for us)

DAX - Daily market Report 08032010

ES_F Testing BOX. Chart 4 hours

Testing resistance box before Payrolls report at 8:30.
Can reversal here stay alert if close hourly below 1110 ES_F

ES_F Testing BOX. Chart 4 hours

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SPX500 - Market Report Daily 05032010

Today hold key number short term suport 1117.
Tomorrow Friday 1116 reference number ,weekly and monthly chart.
Only expect new highs of the year if close daily chart above 1132.
Hourly:
MACD reversal again need confirmation with close hourly below 1117.
Tomorrow monthly Payrolls report at 8:30, then Consumer credit at 3:00.
Click to zzom in. Good Luck...
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SPX500 - Market Report Daily 05032010