Slope of Hope Blog Posts

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EUR/USD “Diamond” Pattern

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Looking at the bigger picture, I'm watching the EUR/USD on this Monthly chart to see in which direction it breaks, once again, outside the rough "diamond" formation. At the moment, price is trading just below the dividing apex line. The high and low of the current month represent near-term resistance and support (1.3355 and 1.3003, respectively).

 

 

http://www.strawberryblondesmarketsummary.com/

Elliott Wave Mad Libs… Part Deux (by Leaf_West)

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Since Tim loves EWT and can't go 24hrs without poking the bear, I thought I would post the EWT chart for the next couple of days.

SPY 60-Min Chart

SPY_Mar 20, 2012_60min_01

I will repost this chart in a couple of days to show the POWER of EWT … odds are Tim will refuse to post it due to the public embarassment it will cause him (LOL). (Editor's Note – not so! If you or anyone else out there can make good predictive use of this technique, I'm all ears! – Tim)

Cheers … Leaf_West