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Apr 7, 2014 7:25 AM

Fibo Gann Elliot analysis 1 year forecast $SPY $QQQ $IWM Short

SPDR Dow Jones Industrial Average ETFArca

Description

Major US indices moved higher over the past week after favorable employment and manufacturing data.

Looking at technical indicators, I see the divergence between price and indicator which is a bearish sign.

I will be watching for a number of economic indicators due out over the next days, including unemployment data on April 4th, FOMC minutes on April 9th, jobless claims on April 10th, and Producer Price Index (“PPI”) data due out on April 11th.

Proprietary trader,
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