The US$ index remains range-bound in a wedge keeping many Forex pairs choppy and I am still waiting for clearer 4hr chart patterns to emerge on many of the instruments I monitor. The S&P500 remains pegged by 3,400 above and the NASDAQ is still pushing higher.

Data: watch today with the batch of EUR PMIs and US Flash Manufacturing PMI and Flash Services PMI data.

Earnings:

DXY 4hr: still range-bound within the descending wedge BUT watch for any new TL b/o:

Markets:

S&P500 4hr: watch for any momentum-based TL b/o:

ASX200 4hr: watch revised trend lines for any momentum-based TL b/o:

NDX 4hr: note how price action is nearing the 4hr chart’s 161.8% fib so watch for any reaction if price gets up this far:

Gold 4hr: watch revised trend lines for any momentum-based triangle b/o:

USD/JPY 4hr: watch revised trend lines for any momentum-based triangle b/o: