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S&P 500 Aims For The All Time Highs

Published 09/12/2018, 04:39 AM
EUR/USD
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AUD/JPY
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US500
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EUR/USD still cannot decide if they want to go up or down. The major neckline is still a support so we do not have a sell signal but in the same time, the line connecting the top of the head and the right shoulder is also intact. For a proper signal we need to wait for the breakout.


AUD/JPY is in a very technical down -trend. Most recently, the price created a correction pattern – a flag (white lines), which is just waiting for the bearish breakout. This scenario is more probable, especially as the price is below all major mid-term resistances.


The show must go on. S&P 500 defends major supports and delays the thought of a bigger correction. We are above major horizontal and dynamic lines, which cancels the sell signal for now. The new all time highs are on the horizon!

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