DAX - Daily Market Thought 21062010

For now trend bullish all time frame. Still valid bullish price channel. For now bullish pattern ‘higher highs, higher lows.
Nothing new last sessions hold key suport area and broke resistance.
Next resistance 6232 test today but close below still valid represent 137% fibanacci extension next fibonacci 6272.
Second session unable to break 6232 mybe dax have found important resistance for short-term. Let see reaction monday.
Reversal trend need -> first signal close below 6140 confirmation with a close below 6093.
Close daily below 6093 expect 5980 possible extension to 5800.
Suport 5800, [5960,5980],6093 and 6140 / Resistance: 6232 and 6310
Click to zoom in. Good luck.

DAX Daily Chart

DAX - Daily Market Thought 21062010

GBPUSD Intraday Market Thought 180062010

Click to zoom in. Good Luck folks.

Intraday Market Thought 18062010

GBPUSD Intraday Market Thought 180062010

SPX Daily Market Thought 18062010

Close 1 point above key number short-term 1115 with a nice run last 20 minutes of session, but close below high of last session.

So I`ll change beas short-term if close above 1118.74 ( high of tuesday).

I need to see a decent breakout of this area. Last two candle didn`t show me anything

Overbought conditions to see market reaction > Any change

Key level dowside 1089 Add one more number today 1106. What a big fight last session around 1106.
Close hourly below 1106 expect 1089.
Suport: range1077,1082, 1090 and 1106Click to zoom in. Good luck folks.

SPX Daily Chart

SPX Daily Market Thought 18062010

DAX Daily Market Thought 18062010

For now trend bullish all time frame. Still valid bullish price channel.

For now bullish pattern ‘higher highs, higher lows
Close near the highs again > nothing new last sessions hold key suport area and broke resistances.

Next resistance 6232 test but close below still valid represent 137% fibanacci extension (major fibo),  next fibonacci 6272.

Reversal trend need
- first signal close below 6140;
- confirmation with a close below 6093.

Close daily below 6093 expect 5980 possible extension to 5800.
Suport 5800, [5960,5980],6093 and 6140 / Resistance: 6194, 6232 and 6310
Click to zoom in. Good Luck folks.

Dax Daily Chart

DAX Daily Market Thought 18062010

AUDUSD Intraday Market Thought 17062010

Alert signal now = 0.8624

AUDUSD breakout 0.8582 ( Close below 60 minutes chart) will confirm double top formation and suggest that a temporary top is formed.

Close velow 0.8582 target 0.8470 possible extension to 0.8440 short-term view/targets.

Click to zoom in. Good luck folks.

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AUDUSD Intraday Market Thought 17062010