Follow-up to Friday's GOLD post..

"Look for the trendline on the chart to provide resistance going into the Sunday night Asisan session.."

Here is the updated chart.  Wow amazing what a trendline can do when it is placed in proper place... LOL.. definately not your traditional "connect the highs" trendline... :-)  Almost magnetic, eh?

Have a great weekend!

--Tony

GOLD Update 04292011

" .. If we break cleanly above the upper trend line we anticpate a move to $1556.80 will be underway. From a cyclical standpoint, given the current market mechanics, it appears the trend is up untill 1 May with a possibility of a sell-off into 3 May. " -- Yestarday's Theta's Pendulum report.

Updated chart attached.  I hope you all profited mightly!

Look for the trendline on the chart to provide resistance going into the Sunday night Asisan session..

Have a great weekend..

--Tony

ES Possible ending diagonal

This pattern still has lattitude to morph into something else but the position and overall look is that of an ending diagonal! Be alert!

ES Update

The targets of 1364-1366 are just over head. The short term channel is acting as support and a break my start a correction. The structure is still bullish but very mature and it's time to exercise extra caution.

Eur/Usd short term update!

The short term hourly fluctuations have broken the previous resistance line. We are looking for it to support on the same line. Any break would call us to look for the 8th wave to get registered!