SPX - False Break or More Damage? - Fibo Numbers 02072010

Fibo numbers will confirm or not next sessions if we broke this range. Close below 1009 expect more damage first target 987 possible extension to 950. If this is a false breakout as we had last swing high 1131 important market close above 1041 again. Click to zoom in. Good Luck folks.

SPX - False Break or More Damage? - Fibo Numbers 02072010

USD - Daily Market Thought 02072010

Last high with bearish divergence alert/suggests risk pull back trend of last months.
Today we had another bearish signal with breakout important suport 85.36.
 Below 86.07 daily chart expect more damage target 83 possible extension to 80.
Can`t ignore ema200 around 81.75 breakout give us 80 second target.
Resistances: 85.28 and 86.07 Suportes: 80, 83 and 81.75
Click to zoom in. Good luck folks.

USD - Daily Market Thought 02072010

DAX - Daily Market Thought 02072010

Today dax test and hold for now EMA 200 at 5826. " Important dax hold this range [5700,5800].
Remember thought last weeks " Still valid bullish price channel. For now bullish pattern ‘higher highs, higher lows."
Temporary double top is formed below 6150 " this is key level upside.
EMA`s-Last Cross Bullish ( but stay alert very close reversal again)
Remember bearish divergence weekly chart last weeks, give us alert trend long-term can chance soon.
Close daily below 5600 expect more damage,  first target 5400 possible extension to 5170.
We will follow this thought if dax close below 5600 next sessions, this is key nevel dowside.
Click to zoom in. Good luck folks.

Resistance: 6050 and 6150 / Suport: 5600, 5700 and 5826.

Click to zoom in. Good luck folks.

DAX - Daily Market Thought 02072010

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.

Click to zoom in. Good luck folks

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