Forecast for week September 12th 2011 ( $SPX $SPY $ES_F $NQ_F $DAX $CAC40 $EURUSD $6E_F) :

~ Last week we predicted the bounce on indices but not the fall following. Technically on the S&P500 below, everybody sees a bearish pattern that could bring us to 1000 (white dot line). Personally I see more an indecision apex and will wait the confirmed exit to take any decision. G7 talk could be interesting too. Anyway, the main trend should be confirmed after September 21st...

▲ We were right on $EURUSD. I am bullish for next week for 4 reasons : green bullish channel, white bullish pattern, volume lowering and technical bounce.

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