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SPX: almost there

US stocks closed higher on optimism about the economy re-opening but the US$, although lower on the day, remains range-bound near 100 S/R. This bit of US$ weakness did trigger some small trend line breakouts. The S&P500 is almost up to the key 61.8% Fibonacci level so, as per my weekend analysis, watch this region for any new make or break.

 

Data: Watch today with the JPY and EUR Spanish Unemployment rates and US Consumer Confidence data.

 

Earnings: some big names report on Tuesday:

 

DXY daily: the index was lower on the day but remains range-bound and near 100 S/R:

 

Trend line breakouts:

S&P500: note how price action is almost up to the key 61.8% fib:

S&P500 weekly: watch the 2,900 – 3,000 level for any new make or break:

 

S&P500 4hr: this bullish start to the week gave a 35 point TL b/o so watch for any push to 2,900 / 3,000:

 

AUD/USD

AUD/USD 4hr: a TL b/o for 50 pips but watch 0.65 for any new make or break:

 

AUD/USD 15 min: this TL b/o could have been caught for 55 pips and a 1.5 R trade:

 

AUD/JPY

AUD/JPY 4hr: a TL b/o for 50 pips but watch 70 for any new make or break:

 

AUD/JPY 15 min: this TL b/o could have been caught for 35 pips and a 1 R trade:

 

NZD/USD

NZD/USD 4hr: a small TL b/o:

 

NZD/USD 15 min: this small TL b/o could have been caught for 30 pips and a 1 R trade:

 

GBP/USD

GBP/USD 4hr: a TL b/o for 50 pips but watch 1.25 for any new make or break:

 

GBP/USD 15 min: this TL b/o could have been caught for 35 pips and a 0.75 R trade:

 

Oil daily: this has moved lower:

 

Other markets:

ASX-200 4hr: drifting higher so watch 5,450 for any new make or break:

 

Gold 4hr: watch for any TL b/o:

 

EUR/USD 4hr: watch for any TL b/o:

 

USD/JPY 4hr: watch for any TL b/o:

 

GBP/JPY 4hr: watch for any TL b/o: