S&P 500 ~ Intraday Update 1 ~ 19 July 2011

My primary target for this second wave was hit yesterday (1295-1300) and since then we've seen a huge rally back to 1320 so I think that the next leg up is underway.

The next resistance level is at 1330-35. A break above it would support my scenario that the next leg up has started.

EUR/CHF ~ Update ~ 19 July 2011

As said last week sell the rips and don't buy the dips ; )

Resistances are at 1.18ish and at 1.24ish.

S&P 500 ~ EOD Update ~ 18 July 2011

We got a nice bounce from the 1295-1300 support area and are now back near the 1307-08ish resistance area again:

Gold ~ Update ~ 18 July 2011

I think the chart speaks for itself. Gold remains in an uptrend as long as the trendline holds.

S&P 500 ~ Intraday Update 2 ~ 18 July 2011

The SPX broke below 1308ish and hit the ~1295-1300 support area a few minutes ago:

Let's see if we get a bounce.