AUD finished the week below the 20 & 100MA, this is BEARISH.Near term price target .992
GOOGLE has passed the 2007 high.Since we do not have a higher reference point for the next target I'm using the CLONING of the reference channel to derive the target.Due to the straight up move,Google will most likely correct to middle of the channel just like it did in 2007.Then, if it goes back into the top channel the next target is around $870
The EURO is still in a long term down trend with an upward short term up channel and a DPO with an positive bias.
At present we have SLV at the top of current channel.At this point I outlined 4 basic possibilities.If one day SLV closes above the top channel then you can CLONE another channel and place it above.
Here we have a long term and a short term FIB. retracements.The last signal was an ideal long opportunity.Since then we had all green candles.Now we are at a DUAL FIB levels and the current candle is looking positive.Next target is at 126.92 which also happens to be a resistance level.
1st target, bottom of up channel.ft that does'nt hold look for price target to.382 FIB level
A positive monthly divergence is in progress.Aggressive investors can go long on any weakness on daily frame but have a stop just beneath this month's candle.Conservative investors should wait until price breaks the 10 MA .Extremely conservative investors should wait until price breaks key resistance and key trend line.
A significant divergence is in progress.This very NEGATIVE for the SPY. Let's see if it can hold above key support.
Unless we have a couple of good days the rest of this week, I would take profit in APPLE.Use the FIB.levels for support areas..
The week is not over but so far it does not look good .Bearish candle pattern developing with NEGATIVE DIVERGENCE and an overbought STOCH RSI turning down. If SPY doesn't hold KEY resistance,watch for price to fall to near term target of 138
NEUTRAL ON EURO.See notes on chart.Also at top of BB(100) on daily chart.
We are nearing a long term KEY RESISTANCE. If TRIX(10) continues to stay above mid point and TREND LINES are not violated, the BULLS will continue higher.
USD/CAD is at a KEY support level.Watch for candle stick reversal patterns.FISHER still falling.
The EFI is a VOLUME & PRICE based oscillator, it's a good indicator for spotting buying and selling pressure.The look back period will vary depending on how active the security is, the setting is usually set between 3 to 21.Near term target $23.23