Tuesday, May 22, 2012

EUR = Bearish UUP = Bullish

UUP
  • UUP looking bullish
    • Break below 22 would be bearish
    • 50 DMA is major support

EUR
  • Euro is stuck in bearish fork
    • Break above 1.30 would be bullish
    • Break below 1.24 could send us back to 1.20 range

Monday, May 14, 2012

SP-500 & EUR = Weak UUP = Strong

SP-500
  • SP-500 about to break below bull fork
    • Break 1330 would be very bearish
      • Next line of support would be 1275
    • Bull market would come back with a break above 1400
EUR/USD
  • EUR been in bear fork for some time
    • Break below 1.25 could put the EUR in FREE FALL
    • Break above falling line would be bullish (Around 1.30 level)
UUP
  • UUP still in Bull Fork
    • Break above the 100 DMA is bullish
    • Break above 22.60 would be very bullish