Key reversal levels for February 7
Posted by Danny on February 7, 2014
Latest daily key reversal levels:
|6/02/2014||Current||W||Mode||Key (D)||MoM (D)||Days||% Ch.||Str. #|
(Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ )
* Momentum (MoM) is turning up for the S&P 500 and the FTSE 100. This is a first positive sign after almost two weeks of downside action. We now watch to see if they can get back into bullish mode by closing above their daily key reversal levels.
* $EURUSD is also showing signs of life. MoM is turning back up after a rather brief decline. If the Euro can close above 1.3620 it will be back into bullish mode.
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