Doji formed on the daily chart, so I think we have reached a temporary top. I am anticipating a stall prior to a pullback, to be initiated this week. Initial move to 2070 and if the FED hints of something of a rate hike, the move will be much more dramatic to the 1900 level.
Still working within the confines of original chart. The catalyst for the move down will hopefully start today, as a result of the Greece debacle. We will see what happens later on today.
Contrarian view on the EURO. I think the Euro will breakout on the doji formation this morning, or there will be a small move up prior to testing the newly formed uptrend line established in mid March. I believe the USD and the S&P are currently trading lock and step, so this would also coincide with a move down to the 2070 area (SPX) prior to a move to test the...
