During the preevious week, the SPX500 rallied to the lowerside and even went below a very signifcant level. However, on this chart, our main focus is only on buying, we just want to see a clear break above the previous week's highest high to pick a possible long term buy position with an ultimate target set around 5000.00 and may extend much higher.
Trade Recommendations:
We're buyers
CAC40 Weekly Review
Wave Analysis:
Last week, CAC40 bounced off from the upper trendline and headed straight to the lowerside. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside. On this chart, sell positions looks ideal and can safely be recommended towards the lower trendline. If the price should break and close above the upper trendline, then we will be looking for a possible momentum to the upperside.
Trade Recommendations:
We're sellers towards the lower trendline
Gold Weekly Review
Wave Analysis
Gold is still rallying within a range, as long as the price remains below the upper trendline, we are looking forwards to a possible rally to the upperside and may see the price break above the upper trendline and even higher. On the flipside, should the price break below the lower trendline, then this may provide an ideal place to consider a possible long term sell position.
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