Sunday, November 13, 2011

DailyMarkets.com - The Current SP500 SPY Symmetrical Triangle Pattern

DailyMarkets.com - The Current SP500 SPY Symmetrical Triangle Pattern

The Current SP500 SPY Symmetrical Triangle Pattern

Posted: 13 Nov 2011 09:58 AM PST

It makes sense that the broader market would pause to catch its breath after such a stellar October performance.
That's what's happening at the moment as the S&P 500 consolidates/pauses in a sideways/symmetrical triangle price pattern.
Let's review the pattern and the current trendline reference areas and develop a game-plan of what to do with a future breakout.
First, the pure S&P 500 Triangle Pattern:

We'll add more indicators to the mix later, though it's often helpful to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Weekly Outlook: November 14-18

Posted: 13 Nov 2011 07:45 AM PST

Forexpros – Last week saw the euro tumble to a one-month low against the U.S. dollar before trimming some of the week’s losses as signs of progress in tackling the euro zone’s sovereign debt crisis boosted demand for the single currency.

EUR/USD hit 1.3483 on Thursday, the pair’s lowest since October 10; the pair subsequently consolidated at 1.3747 by close of trade on Friday, shedding 0.57% over the week.

The pair is likely to find support at 1.3483, the low of November 10 and resistance … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures – Weekly Outlook: November 14-18

Posted: 13 Nov 2011 07:33 AM PST

Forexpros – Natural gas futures lost ground for the third consecutive day on Friday, slumping to a three-week low as mild weather forecasts and concerns about growing U.S. inventories continued to dominate market sentiment.

On the New York Mercantile Exchange, natural gas futures for delivery in December settled at USD3.562 per million British thermal units by close of trade on Friday, dropping 5.3% over the week, the second consecutive weekly decline.

Earlier in the day, prices fell to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Weekly Outlook: November 14-18

Posted: 13 Nov 2011 07:21 AM PST

Forexpros – The pound ended the week almost unchanged against the U.S. dollar on Friday, as positive moves to implement new austerity measures in Italy and Greece boosted risk sentiment.

GBP/USD hit 1.5868 on Thursday, the pair’s lowest since October 21; the pair subsequently consolidated at 1.6062 by close of trade on Friday, inching down 0.01% over the week.

The pair is likely to find support at 1.5868, the low of November 10 and resistance at 1.6165, the high of October 31.

The pound … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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