Markets forecast for week April 23th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ I am bearish for next week on Indices and $EURUSD.

S&P500 is still in the bullish pitchfork but a bear flag is drawing inside a downtrend channel. That's makes me pessimistic for short term. NASDAQ is already on a downtrend channel, helped by APPLE and GOOGLE, down a lot due to court issues.

Same for $EURUSD, little up beginning of the week then down again.

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