Markets forecast for week April 16th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ Another good forecast last week. For next week, I will look at 1350 on S&P500 to decide the way. It is a very important level : lower part of the bullish channel and of the weekly Pitchfork. I am afraid they could send the market lower to force Bernanke to launch QE3.

I am also a bit bearish on$EURUSD that could go lower to touch the lower line of the triangle.

One cam play risky trade long Nat Gas for an oversold bounce (but still bearish long term). How is it possible that we pay 10 times more to put gas in our cars ! What a stupid world...

A little news concerning our Forex managed accounts (MAM or PAMM) that many of you ask for. We are currently testing a new broker, in a financial regulated country, connected near our servers. Only restriction : minimum account size 5000 US$.
Also we are discussing with a serious US bank, for bigger Forex managed accounts above 100 000 US$.