SPX ~ Intraday ~ 9 November 2012

The SPX hit the first target (1375ish) today:

The resistance at 1387 in the S&P future might cap today's rally (= SPX 1391). So, a short at this level might be good for a few handles. If 1391 is breached though, a rally back to 1400 or even 1407 should follow.

ES ~ 8 November 2012

The future is now near the bottom of the downtrend channel. Additionally, 1375ish seems to be a decent support area, so we could get at least a short-term bounce here:

SPX ~ Intraday ~ 8 November 2012

1395 is clearly breached now:

I'm now bearish as long as we don't convincingly rally back above 1407ish. A potential medium-term target is the H&S target at around 1330ish. Short-term targets are 1375-80 and 1360.

EUR/USD ~ 8 November 2012

The EUR/USD breached its uptrend channel in late October an is now at the strong support at 1.26-27:

A convincing break of this level would be very bad for the EUR/USD in my opinion because there isn't much support below it until the mid July low. If we hold this level though and break 1.285ish, the medium-term uptrend should resume.

SPX ~ Intraday 3 ~ 7 November 2012

The SPX is bouncing off of the support level at 1395ish. Next target should be 1407ish: