EUR/USD, S&P500 , Dollar Index & Gold daily update, January 28th 2014

Hello Traders,

In this brief post I share today s daily review for the EUR/USD forex pair, the S&P500 emini, the Dollar Index futures and the Gold mini futures. The EUR/USD path of least resistance is still downwards on the daily chart. S&P500 could be retracing on the upside before completing its move into 1,757 where we will need to test long participation. Dollar Index apparently showing resistance, but if the correction in Euro continues will correct higher as anticipated. Finally gold hit and went through its 1st target and is now retracing

The short setups I have mentioned in my free Newsletter weekly Review for EUR/USD and S&P500 are still on. Gold, on the other hand, has reached its first long target.

Check the below video and review the last Free Newsletter (check below how to register for it and receive the last 6 issues).

Below the video analysis, you can find the commentaries for the above mentioned markets:



After having a huge move higher due to Davos news (a move not supported by Program Trading), we saw the market slowly correcting lower into the 1.3623, 4 hour support level. Market is pushing lower on the daily timeframe and there is a clear 15min short too. Below the 1.3594 we will get confirmation of continuation towards the 1.3320 and, eventually, 1.2970.

S&P500 emini
This market pushed lower on friday and is now headed towards 1,757 where new program trading longs will be located. This area will need to be tested for participation using the FibStalking timing technique.

Dollar Index

The Dollar Index has short term resistance apparently but will continue higher if the Euro keeps correcting as anticipated.


Gold reached the first target at 1,263 and then price moved above it. It did not reach the second target at 1,288 but retraced and it is anticipated to find some long participation at 1,244 for another push higher towards 1,291 closer to that 1,302 area where we could witness new shorts.

Notice that price projections in my method are not from/to random levels and do not follow Elliot Wave, DiNapoli levels or other methods, but rather a proprietary method based on modeling effects of Program and Algorithmic Trading on price.

My method helps “level plain” the trading game showing what banks, institutions and big hedge funds are actually doing (and not what they are saying they are doing). Follow me to learn how to spot the Algorithmic Trading footprints.

I send a free Newsletter in the weekend and provide updates throughout the week. The newsletter typically includes 3 video reviews for (1) EUR/USD, Dollar Index, S&P500 emini and Gold emini; (2) the Japanese Yen majors, i.e. USD/JPY, EUR/JPY and GBP/JPY; (3) the other majors: GBP/USD, AUD/USD, USD/CAD. Please, register here to receive the free weekly newsletter.

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Should you decide to operate based on this information you are invited to do your own due diligence, consult a registered trading professional, as well as, understand the risks involved. This information is for educational purpose only. Please read the Disclaimer and accept all involved risks.

Have a great evening.

Giuseppe, the FibStalker


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Filed under Commodities, English language, Euro FX analysis and trade setups videos, Forex, Futures, S&P mini futures setups and trades, Trading Plan

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