The damage on equity markets and commodities have been so brutal that it has made me sit up and do a status check on trends on different markets. Also included are detailed charts from forex setup and commodities and finally we round off with charts from our staple indicators (Falcon and Gladiator).

If you have not done it already, then please browse through our May portfolio for Capital3x.

There are over 20 charts on this update so please take a deep breadth and step in. This will take time.

EUR/JPY Daily charts have an important conflunece at 97.15 of the lower 100,2 and 25,2 BB. These normally can produce reversals but in rare cases can accelarate the falls. i would be long EURJPY with a stop below days low (
For the first time in 2012, EUR/JPY weekly hits against 25,2 BB lower boundary. You rather be long with a tight stop. Intra week may still see spikes but on a closing basis EUR/JPY weekly could imply some sort stability here. Maybe look for an inside day here to confirm your bias to play a reversal.

This is where you want your ES …..

You need to be a subscriber with Captial3x Trading portfolio or Combined Indicator member to read on….. Subs have access to all the market analysis (Copper,BDI, Gold, US treasury, EU bond markets) and FX setups which also feature our FX portfolio. You also have access to Trade Room of Capital3x.

Falcon and Gladiator: Capital3x Bond Market Indicators

With commentary on the charts, here is an update Falcon and Gladiator. What a performance from these guys since their launch in May. Am sure you are benefiting and we feel proud that Capital3x once again is at the fore front of providing a service which is rare to find anywhere else (i.e scam free).

Verdict: Given the signals from option market and some contradicting signals from AUDJPY markets, there is a reasonable probability of sanity check for ES and all risk indices. Make note this may prove to be short lived and we could see a continuation of the down trend on SPX given the overwhelming damage that has been done. But if bulls in their battered state can still fight it out and pull the SPX above 1300 and stay there, there is an outside chance. But even the data (NFP, PMI) are all supporting the prices. When data commences to support the price moves, then you can be reasonably sure that prices have some more way to go before bottoming out. But always note that prices will bottom out far before data deterioration ends. That is why news and data hardly ever make sense when correlated with prices.

1. The May Live Trade Sheet
2. The May Live Trade Room
3. C3X Performance FX portfolio
4. The Bond auction schedule can be found here: Bond schedule
5. The speaker schedule can be found here: Speaker schedule

The Indicator links are provided here:

1. Falconfx EUR/USD
2. Falconfx EUR/JPY
3. Falconfx USD/CAD
4. Gladiator ES

Trading Membership: TRADING MEMBERSHIP SUBSCRIPTION.
Indicator Membership: INDICATOR MEMBERSHIP

Mark
Capital3x.com