Tuesday, 28 June 2016

Blog post: S&P 500 and EUR/USD both testing key supports

S&P 500 is testing short term trend line support and the Fibo 38.2% retracement of the February to April wave 1 rally. Wave 2 is so far only a shallow correction and could extend. It goes without saying, I hope, that there are more bearish alternate wave counts.

EUR/USD is testing dual trend line support.