USD/JPY ~ 6 December 2012

The USD/JPY has been consolidating above the support around 82ish and might be ready now to rally to 84ish:

Once 82.8ish is broken the next target should be 84ish. The medium-term trend remains up as long as we stay above 81.2ish.

SPX ~ EOD ~ 5 December 2012

1407 was breached early in the day but the subsequent decline wasn't as big as I was hoping. In fact, we got a huge reversal at 1400ish and 1407 was quickly regained:

Medium-term I'm still neutral as long as either 1430 or 1390 is convincingly broken.

SPX ~ Pre-Market ~ 5 December 2012

The SPX is pressuring the support level at 1407ish:

As mentioned in my last update a break of this level should lead to a decline towards 1390ish. If we get a reversal around this level though, a rally to 1430ish should follow.

EUR/USD ~ 4 December 2012

The EUR/USD is already near the next resistance around 1.315:

Most likely we'll get another short-term correction once we hit this level. Once 1.315 is breached, the next target should be 1.35.

I've been medium-term bullish again since the break of 1.285 and will remain so as long as this level holds.

SPX ~ EOD ~ 3 December 2012

After almost hitting the resistance at 1425-30 and then declined back to the support at 1407-09ish:

If 1407ish holds, we should see another rally towards 1430ish. If it doesn't hold though, 1390ish should be next.