part 2

brief update as the trend line was defended for now and the market closes around 1250 or below , so far that is still in the tolerance zone if we close above 1260 within 24h.

the EURO goes for the target level  around 1.28 might be even around 1.2870 but we need 2 lower closes from tad ays to complete this cycle low. I will update on that tomorrow as well.

Gold is also heading towards target level 1400-1450 but first it has to test the uptrend around 1500 the next days as some HFs are forced to sell out on longs but that is still a wave 4 down in my book and the final blow above 2000 follows after we have bottomed out around 1400

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~ by behindthematrix on December 28, 2011.

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