Market Forecast 02-23-12

USDCHF Forecast

For today only: If not already short from recommendation to sell rallies in USDCHF (Dollar-Swiss),  SELL @ .9070 Or better, stop at 9125, Target 1 = .8620. Move stop to break even at .8914.

Stock Market and Gold Forecast

S&P500, ND (NASDAQ), DOW, look for a potential Key Reversal lower close by Friday this week. Aggressive short-term traders consider selling low risk attractive rallies on intra-day charts, to set up for a potential thrust lower beginning this week or after March 7th.

There are imporant Changes in Trend days around mid May, which looks like it could be a low if the market pulls back now.

Gold (XAUUSD) hit first target of 1772 yesterday.


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