SPX: still in wave C of 4 but it is hard to say whether or not this sub-wave is finished. Note that the Fibonacci levels are subtle, so is the current level of the market. It seems directionless but the potential breakout could be violent. If it breaks the Monday high, 1000+ can expected; on the other hand if it reverses a new low could be seen in the near future. Keep an eye on 870, if SPX breaks down with heavy volume, chase the UltralShort. I guess the odd is at the upside.
(daily) (60-min) ($INDU 15-min)
USD/JPY: still bearish. Again, watch the resistance level.
SKF: the buy signal seems still there but a new wave down should have started. I expected 90-100 at least.
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