Markets forecast for week May 28th 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F ) :

▼ We has a little bounce on indices as expected but not on $EURUSD. The trend remain bearish.
On Daily NASDAQ below you can see a repetition pattern and a bearish wedge on the S&P500 below it.
We should have a lower low / double bottom before to see any change.
On $EURUSD we are right on the support. Everyone is bearish, targeting 1.2. That is too obvious and I would not be surprised to see a contrarian move.
I bought some $GMXR, sold a few, just doing some low risk scalp longs.
I bought COFFEE half size $JO, and missed COTTON $BAL entry. Stalking $URANIUM $URA also and $DANG.
I look also towards European stocks are they are very low and EURO also. Just difficult to choose the right one as some as VALLOUREC loosed 30% already.
Our Forex robot, always in, was not in a good shape last week as he closed some loosing position. A weaker $USD would be helpfull. We are testing a new one on demo account too, one trade a day.