Tuesday, October 2, 2012
Dow Jones ~ Intraday ~ 2 October 2012
The volatile correction from yesterday's highs continues today:
If 13490ish holds, the next targets are the gap close at 13436 and then last week's lows at 13370-400.
If 13490ish holds, the next targets are the gap close at 13436 and then last week's lows at 13370-400.
Dow Jones ~ Pre-Market Warm-Up ~ 2 October 2012
Yesterday's sell-off late in the day put heavy pressure on the support around 13515-30. We got a few spikes below the support level actually but if we are a bit generous, we can say that it held on a 15-min-timeframe:
In pre-market we're slightly up and, repeating what I said yesterday, I think as long as 13515-30 holds (spikes to yesterday's lows allowed), a rally at least to yesterday's high is likely. If the support breaks though, a close of yesterday's gap is very likely.
In pre-market we're slightly up and, repeating what I said yesterday, I think as long as 13515-30 holds (spikes to yesterday's lows allowed), a rally at least to yesterday's high is likely. If the support breaks though, a close of yesterday's gap is very likely.
Monday, October 1, 2012
USD/JPY ~ Update ~ 1 October 2012
The USD/JPY has been very volatile in September, breaking below the triangle, rallying back inside it to the upper triangle trendline and then breaking below the triangle again:
As long as we stay below the upper triangle trendline, currently sitting around 78.70, I think we could trade down to 76ish.
As long as we stay below the upper triangle trendline, currently sitting around 78.70, I think we could trade down to 76ish.
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