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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