FTSE formed a continuation doji yesterday with a perfect backtest of the previous breakout point at 6476. Clearly, this has followed through in overnight future following the FOMC minutes and Bernanke's speech. Should eventually continue on to new highs from here but expect volatility. Original link...

The S&P completes a trio of daily dojis and this one didn't even quite manage to test the breakout. As with Dow and FTSE, expect some volatility before a brief new high followed bu a correction to just abov Original link...

This finally hit my target of 42p today although the Fib sequence had to be moved after the false breakout. In fact, this made today's support stronger as it was the breakout and the re-defined 61.8% Fib so it should be worth a long from here with a tight stop below 40p.I do have concerns over this though. The RSI has broken down and the overall pattern up from 24p area could be seen as a big correction upward.In any event, it's always wise to take some risk off at first  Original link...

There really isn't much to say here except that the all time low price of 80p has been broken so there are no supports to target. Spot gold is still in a downtrend but getting closer to the key $1170 area where it should bounce, taking POG's price with it. Where from though is anyone's guess. Best now to wait for a bounce and then a higher low and then trade the 123-low breakout.Original link...

The expected retrace didn't take place and a fairly long sideways move appears to have formed the 4th wave of the last rise up from the trendline resulting a what looks to be a false breakout.Yesterday's candle was quite bearish, almost an engulfing candle and the previous day's high came with bearish divergences in RSI, MACD and even OBV (and probably other indicators too but I didn't check any more).I'd strongly favour the short side from here, perhaps a re-visit to the trendline. A break and close above 64.93p would suggest further upside. My short stop will be just above that level. Original link...