Saturday, June 30, 2012

Markets forecast for week July 2nd 2012 ( $SPY $ES_F $NQ_F $QLD $EURUSD $6E_F $ZB_F $TLT $CL_F $USO ) :

▼End of June window dressing and Euro news made a big day up last Friday. I imagine a bullish or sideway mutual fund Monday and then a correction to stay on the flag of the daily chart below. Others could see an inverse shoulder head shoulder which should be bullish. To sum up, it is not clear at all for next week ;-) !

On the weekly $EURUSD chart further below, the pair is still in the bearish pitchfork, so guess what...

I sold COFFEE $JO with a small profit. I keep $GMXR. If other commodities go down again, I will buy them : $BAL, $USO, $SLV, $JO.... We are still in a buy crash mode.

 

 

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