EURUSD--Friday, September 30, 2011
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September 30, 2011
September 21, 2011
EURUSD--Wednesday, September 21, 2011
In this impulsive move down, the area between the 1.618 and 2.618 targets was a gap on Sunday night. The 4.236 target was the level where the move ran out of steam. Since then counter moves have had difficulty spending any time in that gap between the 2.618 and 1.618 levels.
September 9, 2011
ES--Friday, September 9, 2011
A short term impulsive bull pattern (from the lows on Monday) seems to have completed. In the last few days three attempts were made to break above the 4.236 Fibonacci target. No soap.
The Sept future:
After the third attempt, the market found some support at the 2.618 Fibonacci level, but this morning we have dropped below that level and stayed there.
September 5, 2011
ESU--Monday, September 5, 2011
Updating charts posted Friday, the 2.618 Fibonacci target of an impulsive move down, which had been shown as support Friday morning was broken in the afternoon, then becoming resistance. Today we have traded below the next impulsive target down (4.236 times the base), roughly around 1143-1144. We have since recovered above it. As Europe closes it is quite likely we will linger around this level.
Below, however is the next impulsive target (6.854 times the base). That would take us below 1100..
September 2, 2011
S&P 500 -- Friday, September 2, 2011
Bleeding on S&P stopped this morning at a 2.618 target level on short term pattern formed in last two days;
Cash:
Dec future:
Holding for now but if this level fails, the next target would be around 1145 in cash
But more importantly, this is a short term pattern.