Monday, 11 April 2011

Global Market Update

Pls see charts below




SPX may eke out a new high between 1330-1400 but it looks like it may face a double top at 1344.


There has been a struggle to get to 1344 in the last week or so.



US GG 3M - The market does not indicate that the FED will hike like the ECB.


Silver
Parabolic move going on here
I dont think it can sustain this indefinitely
We are closing in on a top here too


Gold
Looks like a long term wedge here
May go towards the 1500-1550 range but $2000 Gold to me looks unlikely in the short term
We are closing in on a top here too


Euro
We can see a wedge here too
Close to a top here as well
Keep an eye




DXY
Wedge here as well
DXY at 75
4% DSI bulls - how low can it get?


This is a BUY from my side.

No comments:

Post a Comment