June 24, 2010

CLICK ON THE CHART TO ENLARGE
  • Eur/usd has been moving up after a breakout in hourly chart
  • If the pair manages to close above the hour cloud it will be positive for the index.
  • Closing above the recent high of 1.24 can give 1.26
  • If the rally continues it will be good news for the U.S markets and for the rest of the financial markets.
  • DOW JONES END OF DAY ANALYSIS
  • S&P 500 END OF DAY ANALYSIS

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore