Charts of the Morning

• Posted by Robert Sinn
• on February 27th, 2012

Another day, another opening dip that has been eagerly snapped up by hungry dip buyers:

 

$ES_F $SPX 30-minute – 10 handle rip off the opening lows, let’s see if this strength carries through to the close.

Meanwhile my favorite currency pair $USDJPY is pulling back into a buy zone between 79.75 and 80:

A normal pullback in front of the 61.8% Fibonacci retracement, longs(daily/weekly time frames) should only become concerned below the 79.40 area.

And the clearest chart one could come up with to explain why Germany is so adamantly opposed to the concept of eurobonds:

via Reuters

 

 

 

 

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