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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Monday, May 2, 2011

$USD bottoming could reverse the metals and $spx

09:45am ET: $spx reversed at the MT back test iso line as updated in the weekend report of potential T3 developement.

on Mar 17, when $USD broke the support and market was bottomed, i updated with the following $USD chart with the black mid pitch fork as target price, now $USD has arrived the target. market could reversed with it.
$USD could be bottoming around the black mid pitch fork, which could aid to curtain the price of stocks and commodities.
Silver and SLV could have topped on the Fibo fan and pitch fork resistance shown on the charts.

$spx resistance is around the green mid pitch fork trend line and the 261.8% extension.

sell-in-May, and-go-away.