Friday, December 16, 2011

Market view





Overall markets had a green day on Thursday and seems like some kind of reversal or consolidation before a bigger breakout hopefully.

The good thing is that the ES futures tested 1200 perfect which looks like great point to a bottom.

Russell futures have tested 700 which is also a good and round number.

FXE euro gave me a possible buy signal yesterday ,, so right now euro have the chance to move higher from here ,, which would help markets moving higher.

What I found interesting is emering markets going from support, I wanna share some finviz charts now.

Conclusion:

Staying long markets and holding over weekend - I still believe that we are on the way to above 1270+, got a buy signal in the euro which means the euro have good chances for rally higher from here.

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