The Dow and S&P (ES, YM) have closed above their MTPredictor Decision Point and Wave 4 resistance areas.  If these highs get taken out, we could see much more upside in these markets.  If they fail, then we could be testing the lows or near the lows down the road.

Oil has hit its daily Decision Point resistance area while silver has triggered a weekly long trade with the target above its all time highs.

I threw in a few trades from Friday for those that like to trade intra-day.  You’ll see how the MTPredictor software will keep your initial risk small while providing accurate targets that are a minimum of 2 times greater that your losses – the key to successful trading.

Check out the rest of the analysis in this weeks MTPredictor Market Update:

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Tags: elliott wave, fibonacci trading software, gold, mtpredictor, mtpredictor market update, oil, silver buy signal

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