May 2014

HY MARKETS News: Forex Report: EUR/GBP

EUR/GBP recently corrected up after the pair reached the sell target 0.8100 that was set in our earlier report for this currency pair. The latest upward correction from this support level stopped at the 38.2% Fibonacci Correction of the preceding minor downward impulse wave 1 of the currently active 3rd intermediate impulse (3) from the end of April (as you can see from the daily EUR/GBP chart below). Read more

HY MARKETS News: Index Report: S&P 500

S&P 500 recently reached the buy target 1920.00 that was set in our earlier report for this index. The price previously reversed sharply up from the combined support zone lying between the support trendline from February, the lower daily Bollinger Band, 38.2% Fibonacci Correction of the preceding minor impulse 1 and the support level 1860.00. Read more