SPX - Monthly Market Thought 01072010

Market close1030.70 >> Bearish Signal

Remember Key Number last months 1085.

Close below 1020 will give us confirmation expect 950 possible extension to 870.

Monthly now bearish below 1078 -> Key Number this months.

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SPX - Monthly Chart

SPX - Monthly Market Thought 01072010

SPX Daily Market Thought 01072010

Sorry folks holidays last days, now back at 200%.
Last key number was 1115 change this number now to 1085.
Remember for now still holding key number weekly chart 1062.
Let see if market can hold or break this week
Resistances: 1050 and 1062 ( short-term)
Target for next sessions 987.

Suportes fibo numbers: 997, 1009, 1020

Click to zoom in. Good luck folks.

SPX - Daily Chart

SPX Daily Market Thought 01072010

GBPUSD Intraday Market Thought 23062010

Remeber last thoughts. " Below 1.5040 daily chart trend bearish medium and long term, and expect new lows first target around 1.40.

Short-term trend bullish above 1.4630.
We can have here a possible Bearish Head Shoulders. Breakout and close daily below 1.4630 expect test the lows around 1.43 first target and 1.40 second.

Short-term above 1.4630 trend bullish and if close again above 1.49 hourly chart expect 1.5032 (zone to open shorts = fibonacci important.

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GBPUSD Daily Chart

GBPUSD Intraday Market Thought 23062010

SPX Daily Market Thought 23062010

Finally today market had a decent movement, close below 1106 hourly and win momentum to downside close at 1095. 1094 the low only 5 points above suport area.

Remember last thought close below 1106 hourly expect 1089.

Next session expect 1089 and this suport can resume this pullback or not let see. If not resume this pullback next area 1080.

Key level downside 1089

Suport: range1077,1082, 1090 and 1106.
Resistances: 1101,1115 and 1132
Remeber I'm on vacation this week.
Click to zoom in. Good luck folks.

SPX Daily

SPX Daily Market Thought 23062010

SPX Daily Market Thought 22062010

Click to zoom in. Good luck folks.

SPX Daily Chart 22062010

SPX Daily Market Thought 22062010