Market Update - Sep 15th '09

Previous reports pointed out the residual bullish momentum so one could say that markets behaved as expected.

While we believe there is still some upward potential maybe even to ~1060, we are now in target area, so we'll be watching for a potential pivot point, particularly with triple witching coming in a couple of days.

TF is also in resistance area around 594 but is pushing still. We could see some interesting action. A possible yet unlikely breakout could take prices up one price segment (~16 points) by the end of the week.

EURUSD: on our target and remarkably bullish still. Resistance should hold for now though and since there is no retracement potential in the short term, we could see a bit of fighting on these levels.

( posted 7 AM UK )