Saturday, March 17, 2012

Markets forecast for week March 19th 2012 ( $SPY $ES_F $NQ_F $EURUSD $6E_F) :

▼ ▲ Up Up Up. Good forecast last week. No retracement on indices (ES chart below). Directly up until expiration day. We stay on the wedge for now. Just volume are a bit declining on up days. That's could be bulls weakening a bit.

$EURUSD (6E chart below) followed our idea, down then up. Another leg down is still possible, but the real exit out of the wedge will be explosive. If we do a double bottom around 1.3 I will add to long EURO.

Further down you can see COFFEE chart, just to show you why I opened long swing on $JO Coffee tracker. Bottom on the bullish wedge and volume lowering on down days.

Still stalking fertilizers like $POT. $SOl and $NICOX (France) had a nice week. $DANG not to bad.
Have a nice trading week.

 

 

 

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