Euro Price Action Confounds; All Signs Risk Negative But Market Supported

Despite a slew of worrying fundamentals which have been weighing on risk correlated assets, overall, these markets have been suspiciously well supported. A batch of weaker Eurozone PMIs, political troubles for Sarkozy in France, questions surrounding Dutch AAA rating status, and an ever weakening... FF News: Technical

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S&P 500 Keeps Short-term Bearish Momentum; Testing Key Trendline

S&P500 futures has been in a consolidation mode after falling from near 1418 down to about 1355. The consolidation brought the price level back to 1390, holding below the 1400 handle, and more or less respecting the support of the double top seen in the 4H chart. Also, the RSI reading has tagged 30,... FF News: Technical

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