Weekend Chart Roundup – Saturday 2 Feb 2013 (13:16)
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Did we just put in a left shoulder on the Emini? No doubt we’re in a strong uptrend – but at some point we have to take a breath. A “healthy” rally needs to breath in, then breath out. So did we just run out of puff (temporarily)?
We’re at critical support and resistance levels on a range of markets:
- Support on Bonds, US Dollar and Gold
- Exhaustion volume on Yen and Euro
- Continuation of downtrend in Pound
Whichever way they break, next week is going to be fun. Look out.
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