Showing posts with label Pivot. Show all posts
Showing posts with label Pivot. Show all posts

Saturday, October 16, 2010

Opex and monthly Pivot Analysis with some MA analysis

Opex and monthly Pivot Analysis
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COMP: Closed above October Opex R pivot, so it should test next Opex R: at 2570, that means COMP can push other index like SPX to test 1222 DJI to test 11489, OEX to test 551

eur/usd: I am not sure if it will test 1.4359 and then 1.4853. I am getting 2 conflicting signals.
DXY: I am not sure if it will test 75.338 and then 72.84. I am getting 2 conflicting signals on this one too.
eur/jpy: I am not sure if it will test 119.71 I am getting 2 conflicting signals on this one too.

EEM to test 47.74 (not far). This is monthly R pivot.
GLD closed above opex r pivot, so it should test 141.59 next opex R pivot

MA Analysis
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2 Sectors are ready to start the downturn on monday (based on monday's action). They are ITB (Home Construction) and IYG (Financial Services)
Eur/chf started the downtrend on Friday.