Wednesday, April 16, 2014

EUR/USD ~ 16 April 2014

Rising wedge:


If the EUR/USD breaks below 1.37ish, we should see a sell-off towards 1.30 or even lower.




Author: Patrick Eugster

Tuesday, April 15, 2014

S&P 500 ~ EOD ~ 15 April 2014

After reversing at the support at 1813ish the SPX rallied to the resistance at 1840ish:


I think that a convincing break above 1840-50ish would be a very bullish signal and most likely mark the end of this correction.


Author: Patrick Eugster

Monday, April 14, 2014

Friday, April 11, 2014

S&P 500 ~ Elliott Wave Count ~ 11 April 2014

So far, the SPX has declined 80 points which is in line with previous sell-offs as you can nicely see in the chart below.


As long as we keep getting higher highs and higher lows there is no reason to turn bearish medium- or even long-term. So, unless we decline much further, this is most likely just another bull market correction.



Author: Patrick Eugster