Friday, September 25, 2009

Market Update - Sep 25th '09

We now have more clarity about ES going for a soft landing on 1040, or possibly eroding further to around 1030 (our usual 32 price segment from 1062). Again no change in our longer term bullish outlook.

TF has stalled on ... stall level of course, but could well hit 594. As mentioned yesterday, we even aim lower without affecting our long term target much.

EURUSD: We aim at 1.464 for support and possibly then bounce higher. We're in for a bumpy ride anyway...

( posted 8:45 AM UK )