Weekend Chart Roundup - Saturday 2 Feb 2013

Weekend Chart Roundup – Saturday 2 Feb 2013

Weekend Chart Roundup – Saturday 2 Feb 2013 (13:16)

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.

Good luck with your Emini trading.