Thursday, July 8, 2010

SPX, EUR/USD and TRANS AM UPDATE




I would say the positive MACD divergence I have been watching is certainly in effect. Notice now the daily buy signal on tap as well.

So far a challenge of the 21 daily EMA has occurred. As posted yesterday, the 1071-1085 levels will be ones to watch.




Almost there. 1.27 looks like a good target. Keepin an eye on 1.31 as well.









I posted this chart a few weeks back. At the time the pattern looked like a pennant. What about a bull flag now?
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