A few Quick Charts DAX, S&P, EUR/USD, USD/JPY & GOLD
DAX Index – Index to open around 9% lower. I think this is heading to 8400 which is the ideal target.
S&P 500 – Below 2025 argues for a top in place. Ideal target before correction/consolidation is 1987.
EUR/USD – base is to sell rallies, target 1.0650. a daily close today below 1.1098 would be bearish.
USD/JPY – big support level at 100.60 – need to monitor on a closing basis today.
GOLD – breaking higher today, overall the short term price action is tough but as long as above 1199-1230 target is 1470
Regards,
Barry Lyss - Makor Capital
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