5/6 DT

azure4068

大地开啊，夜盘会拉上去么？？？

silicon_beaver

拉上去 7 pts already, from 1242 to 1349.  

福多多

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现在又黄了。。。春天没有防冷涂的蜡。

silicon_beaver

福多多 发表于 2012-5-6 18:20
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现在又黄了。。。春天没有防冷涂的蜡。

Bull still has several supports. mainly around SPX 1312 ~ 1340.  

1. SPX Mar low 1340 (Bear is attacking).
2. Then, FIB 31.8% (1202.37 to 1422.38), 1338.

Per time-frame, bear shouldn't take FIB 50%, 1312 this time.
(but could be June if turns to a bearish market, two months later after April peak)

Right now, Bear just has taken FIB 23.6% 1370 (last Friday)

If market bullish, correction seldom could reach deeper than 31.8%.
Before 2012, two big corrections after Oct 2011. each took 61.8% (to 1158.66, and 1202.37, respectively). Present economical condition much better than that time, bears couldn't be so crazy to hit FIB 61.8% again (SPX 1286.4).

greenback

USD/JPY downward momentum has accelerated, but it was able to (almost) revisit the new steeper down trendline ... so my reading is that it's time to come back to try the trend line again in the next move. As will be shown in the longer time frame, so far it is at a very important R/S level in both the daily and weekly charts below. I bet BOJ is watching as well ...

greenback

EURO has reached an important level on the daily chart ...  also the down channel lower bound ... expect it a upward move to backtest as high as 1.3054, also 50% retracement, but also see the 4h chart below

The weekly chart shows the next downward target, pretty close ... 1.2877

On the 4h chart, 1.30 is the immediate S/R to worry about ...

greenback

10yr bond has broken out the cup and handle on the daily chart ... Note that its last C&H breakout target has been met at 100% ...

The weekly chart shows that it has finally broken out of a wide trading range ...

However, the past price actions show that it tends to go side way after a breakout ... so you'll get a better time to jump in sometime this week.

greenback

The key S/R level every one will be watch this week is 1338 ...

The 4h chart looks like it really wants to test it soon ... I will be closely watching how the market response to the challenge this week ...

I have been on cash and bond for much of April. I'm ready to buy a major dip for a swing but I won't exit my bond position. This is not because I have a intermediate/long-term bearish view. Instead I believe the market would go side way given the lukewarm status of the US economy.

silicon_beaver

greenback 发表于 2012-5-6 21:32
The key S/R level every one will be watch this week is 1338 ...

The 4h chart looks like it real ...

1338! exactly. FIB 31.8%

It matches my calculation.

90ufo

EUR above 1.30 again. TF above 780 neckline again.

开小差