29 January: S&P moves above key resistance, what next?

Today’s Video Update includes a trade idea for the Euro, advice on the S&P and its support/resistance levels, and also some information about our soon to be launched Live Trading Chat Room service which will include market profile analysis in conjunction with the traditional eFutureVision trade setups.

• Euro FX daily short setup is forming up. See what the trigger for entry will be, and how to limit your risk.

• Crude Oil makes a lower low and has not yet taken out the last swing high, bias still remains to the downside.

• Bonds AB=CD pattern with the D target approaching, keep an eye on the candle stick patterns.

• S&P 500 broke through the resistance levels in the 850-855 area and spent most of the day trading OKC. Where to look out for support for a potential buy setup.

• Post FOMC announcement price action analysis, including example of a safe buy setup including profit targets.

[flashvideo width=550 height=413 filename=http://videoupdates09.s3.amazonaws.com/videonewsl012809/videonewsl012809.flv /]