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

▼ Well, nothing changes in my charts. Still the same configuration.

On indices I am still bearish below S&P500 1400 and below the next resistance. Maybe a trading range until summer end.

Everyone was so heavily bearish on $EURUSD, that it is normal that we had a little retracement to squeeze some shorts and/or hit their stops. We remain on the bearish weekly pitchfork.

Same in Crude, weekly bearish pitchfork.

You can go back to beach....