S&P500 and AUSSIE Intra-day Analysis
Stocks moved nicely to the upside like we expected with E-mini S&P500 futures moving to 2800 while Dax is now filling the gap for wave B about we talked in our past updates. However, both may see resistance up there now, so be aware of a turn lower, maybe even in sharp manner.
Bulls on intraday slowed at resistance of a former wave four, from where bears looks quite aggressive so further weakness can be seen beneath 0.7355, but invalidation level remains at July 09 highs.
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