A pretty slow week for the US e-minis last week as the market consolidated a bit.  We had some small range days last week which should lead to an eventual break one way or the other, perhaps after the Fed’s next decision on interest rates on Tuesday.  Right now the bias is slightly to the upside but so far the AUD/JPY pair is not following or leading, for that matter, to the upside.  This puts a bit of a caution flag on any moves or spikes to the upside unless the AUD/JPY confirms or leads us there.

Check out this weeks analysis using the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex.

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Tags: audjpy, commodities, day trading, daytrading, elliott wave, elliott wave software, fibonacci, fibonacci trading software, forex, futures, futures trading, jpy, mtpredictor, mtpredictor trading software, stocks, trading software

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