SPX rebound target met, EURUSD pullback from 1.3225 Descending Wedge target.
It's time to short.
Maintain my call for a mid-term correction with a possible duration 4-8 weeks and a probable target 1312.xx. This call subjected to nullification if bulls win 1422.38.
I like to quote my update at 10.34am Thursday:
"If Bulls can not pay a visit to 1395.00, I think it is a sign of weakness! Moreover, if SPX closed in read, it would be a warning sign for bulls and a green sign for bears."
For Friday I remain my short-term bearish outlook for the market and my trading may tend to short at bounce.
My evaluating resistance zone [1386.40 -1389.50] and support zone [1363.50 - 1366.50].
However there a thing that makes me confused is that EURUSD seems broken out the Diamond Bottoms. That if successfully will favor US-bulls on its way to target 1.3343.