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Tuesday, June 5, 2012

**S & P 500 the graphical Setup program refers to Bounce as Dollar American Pullback looms



SP_500_Chart_Setup_Hints_at_Bounce_as_US_Dollar_Pullback_Looms_body_Picture_5.png, S&P 500 Chart Setup Hints at Bounce as US Dollar Pullback Looms
Daily chart - created with FXCM Marketscope 2.0


SP_500_Chart_Setup_Hints_at_Bounce_as_US_Dollar_Pullback_Looms_body_Picture_5.png, S&P 500 Chart Setup Hints at Bounce as US Dollar Pullback LoomsDaily chart - created with FXCM Marketscope 2.0

The Takeaway: A technical positioning S & P 500 is evoking corrective recovery before then that the graphical setup of US Dollar continues to notify a withdrawal in the coming days.
S & P 500 - prices are testing 1273.40 support, 50% Fibonacci expansion. A break below this level exposes the 61.8% Fib to 1258.70. Short term resistance aligns in the 1288 00-1292 areamarked. 90 by October 27, high and the 38.2% Fibonacci expansion. Divergence of positive RSI warned against a possible recovery before.
Crude oil - put price in a candlestick hammer over 83.34, the tracing of 76.4% Fibonacci support, referring only to a stimulus is coming. Studies RSI overbooked strongly reinforce the risk of a rebound. Initial resistance aligns in the region of our 90 14-88, 54, marked by the top of swing in early September and the 61.8% Fib. Alternatively, a less break initially exposes 80.16.
Gold - prices are now testing resistance to a set of line trend fall of early March, to 1628.65. The barrier is reinforced by the tracing of Fibonacci 76.4% to 1637.35, with a break more expose may 1 to 1671.49. Short-term support aligns to 1616.23, 61.8% Fib, with a break below the opening of the door for a test of the figure of 1600/oz.

SP_500_Chart_Setup_Hints_at_Bounce_as_US_Dollar_Pullback_Looms_body_Picture_6.png, S&P 500 Chart Setup Hints at Bounce as US Dollar Pullback LoomsDaily chart - created with FXCM Marketscope 2.0
Us DOLLAR - unchanged since yesterday: "prices are showing a Shooting Star candlestick under resistance 10316, the expansion of the 76.4%Fibonacci, coupled with negative divergence in RSI.". Advice for installing a withdrawal may be coming. Initial support aligns to 10220, the level of 61.8%, with a break in the Exhibitor area 10134-43. »

SP_500_Chart_Setup_Hints_at_Bounce_as_US_Dollar_Pullback_Looms_body_Picture_7.png, S&P 500 Chart Setup Hints at Bounce as US Dollar Pullback LoomsDaily chart - created with FXCM Marketscope 2.0

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