MACD and RSI SELL Signals are profitable. EUR/USD fell sharply when previous high support was broken. Targets at measured moves, MA(200) and previous low are between 1.310-1.325 .
$USE rose sharply after previous high and lows were broken. Now at MA(200) and trend-line resistances. Next target may be 82.4 - 82.8 .
Gold fell sharply after previous low was broken. First target may be $1271. Next may be $1251 then $1190.
Indices@roundnumber.com INDU 16000. SPX 1800. NASDAQ 4000. TRAN 7200. UTIL 510 (500). Ascending Wedges in SPX, NASDAQ and TRAN. RSI SELL Signal in INDU, SPX, NASDAQ and TRAN. MACD SELL Signal in SPX, NASDAQ, TRAN and UTIL.
Gold reached $1271 and rebounded then fell again. Previous Low = $1251. Fifth wave measured move target = $1240. June Low = $1190. Silver last low = $20.30. Previous Low = $18.8. Fifth wave measured move target = $19.5. Crude Oil forming Fifth wave Ending Diagonal near $93. Previous Low and Measured move target = $91.62 and $91. Crude Oil may shoot UP at the Death Cross. $USD support = MA(50) resistance = MA(200), short term investors drive UP, long term investors drive DOWN. $XEU support = MA(200) resistance = MA(50), long term investors drive UP, short term investors drive DOWN.
Gold reached $1240 fifth wave measured move target. Silver almost touch $19.5 fifth wave measured move target. Crude Oil rebounded from $93 fifth wave Ending Diagonal target. RSI and MACD BUY Signal in Crude Oil, may be too in Gold and Silver soon. $USD Head and Shoulders pattern versus 3rd wave UP. $XEU reverse Head and Shoulders pattern versus 3rd wave DOWN. Short term investors favor $USD. Long term investors favor $XEU.
INDU in parabolic pattern. SPX, NASDAQ and TRAN may be forming fifth wave Ending Diagonals. All four @ round numbers. RSI and MACD SELL Signals may be in store.
Crude Oil rebounded at the moment of Death Cross as expected. Now at MA(50) and MA(200) resistance. May go sideway. Gold reached July low at $1210 then rebounded. Wave count is 8, there may be another wave DOWN to $1190. Silver rebounded from below $19. Wave count is 8, there may be another wave DOWN to $18.22. $USD stayed on MA(50) support, may rebound to 83.1. $XEU struggle with previous high, gaps and MA(50), may go down to 131.
All indices fell as Ending Diagonal foretold. Note MACD and RSI SELL Signals. Is this just a minor correction or change of trend? Only time will tell. Quote from mu200411:11-20-13 01:42 PM Indices@roundnumber.com INDU 16000. SPX 1800. NASDAQ 4000. TRAN 7200. UTIL 510 (500). Ascending Wedges in SPX, NASDAQ and TRAN. RSI SELL Signal in INDU, SPX, NASDAQ and TRAN. MACD SELL Signal in SPX, NASDAQ, TRAN and UTIL. http://www.elitetrader.com/vb/attac...&postid=3903250