Here is the S&P Daily chart. It is also very bullish. PA is now in a crucial area, nearing the down trendline and right on the 200SMA. If it breaks here, it is more than likely going to new highs above 1350 because the Trix and the RSI still have a ...

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Good Morning Guys: Here is the Daily chart. PA is showing all the characteristics of a strong breakout from the wedge, with a nice double bottom to boot. The Trix is bullish and with a long way to go till overbought. The RSI has now established an ...

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Watch out for a bullish surprise... — I am beginning to see signs that things are improving in the US. In the past, I have mentioned in other threads that my golf accessories and promotional products company in the US is a great indicator of ...

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Italian 10Yr. Bond Yield — Italian and Spanish 10 Yr. Bond yield dropped 3% today, but what is most important, the chart has formed a triple top before retreating and the RSI has flashed a bearish divergence. Expect lower yields in the days ...

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Here is the S&P H4 chart. As we can clearly see, the EURUSD chart is lagging the S&P, which should reach 1270 before turning south again. This is the longer term down trendline since the drop began in July. The Santa Claus rally is here, but sadly, ...

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Perfect synthesis of what is happening. PT´s description is the map to follow in our trading for the foreseeable future.

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I agree totally with you. I should have said nothing permanent or really substantial. This is short term relief at best. Buying time if you will till the turtle speed politicians can catch up. It won´t work in my view but for a few weeks.

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This move on nothing actually happening makes you think: What will happen when something real is announced? I expect this will be the case soon. Even though I still expect the Euro to collapse later on this month or next, for now, the short covering ...

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Hello everyone. The Euro is alive and well. Technically, The wedge has now been broken. The Trix is just now starting its move higher. The RSI has broken its down trendline and moving higher. My first goal of reaching 1.3700 is clearly within reach. ...

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If that in fact is their plan, they will defend the Euro to death. That cannot be accomplished returning to the original currencies.

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Also: Strong daily openings followed by weak closes.

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It´s ironic that the Germans may end up with one EUROPA under their control, but this time, unlike their other two tries, without firing a single shot.

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The Daily chart also shows a bullish picture characteristic of a strong correction. The Trix is completing right now the third bullish divergence, the wedge is still intact after the failed Bear rally of Friday and the RSI is also breaking out above ...

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Panic breeds panic. Calm breeds calm. — I was thinking this weekend how surprisingly cool Merkel, Sarkozy and Draghi are acting as we near the edge of financial Armageddon. There is no doubt that this calm is strange, especially for ...

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Rebound — Good Morning Guys, It seems that the widely expected rebound of the Euro has begun. The chart shows that there is plenty more strength left in this rally. The Trix has flashed its 4th straight bullish divergence (Green arrows), The ...

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Yes I am. Using my box system, I will let the long ride on its own account.

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The bulls are making a bit of a charge. A close in the 1.3280 or higher is needed in the next 12 minutes to keep the technicals healthy. Leaving for my Friday golf round. Have a great day everyone.

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As PT said, the correction can and will come. All it needs is a trigger. Tecnnically, the picture will deteriorate if we don´t get a bounce in the next 30 minutes.

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Yes. I´m watching the Italian 10Y. It could sky rocket to 8 today if nothing is announced during the morning.

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That is true PT, but when divergences are showing on several time frames including the Daily and you have a wedge formation that has not been violated and many other factors all lining up too numerous to mention here, the PROBABILITY is very high ...

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