Tuesday, May 21, 2013 As of 11:49 PM EDT
U.S. EDITION
As we discussed in our yesterday’s mid-day report that the price action was trending downward towards 881.00 to re-test the broken upper line of the minor descending channel and also to re-test 38.2% Fibonacci level of the entire rally started at 679.00 and topped out at 1006.00 before resuming the main upside action as the bullish harmonic pattern still has targets to be reached particularly if it succeeds to hit the cloud’s spans of Ichimoku indicator-currently located at 889.00- while the stochastic positive overlapping attempt supports our intraday bullish outlook. Only a break of 864.00 can invalidate our expected scenario.
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