Charts of the day

Here are some charts I find interesting to watch to get a broader picture of the markets.

EURUSD Daily (click for chart)

Short term oscillator not oversold. As far as I remember, Neely has been advocating for a small move down that should end under the March spike. Interestingly, the trend is down since early June (smallest black lines) and we have a potential (not confirmed!) midterm trend support line that would cross the 38.2% retracement of the last move up late June. I think this retracement (1.3617) is the level from which Neely will suggest aggressive hourly trader to get bullish.

SPX cash 5mn (click for chart)

Very short term chart. 2 fibos are displayed: one from the June 11 high and one from the June 12 high.
What I find interesting: the 50% retracement of the June 11 move = 61.8% of the June 12 move, both around 930.
The upper level also converge (61.8% and 76.40% retracement) around 936. The 930-936 area should prove attractive. Short term daily oscillator is no longer oversold and is rising conventionnally.
Also, SPX cash has now exceeded its 50% time retracements from both June 11 and 12 high (orange boxes).
This is not really NEoWave nor expert talk, just points of interest.

XAUUSD Gold Spot Daily (click for chart)

Mid term chart from October 2008 low. Green line acts clearly as a support to the current uptrend. Aggressive bulls have certainly been waiting for the day we reach it. Now it's done, we should get some more upward momentum. If not, the fibo retracement lines draw a first target of 912.48. However, short term oscillators would be oversold very fast so prudent bears would be patient enough to wait for a pullback under the green support.

NYMEX Light Sweet Crude Oil Hourly (click for chart)

Last but not least... The green resistance is obvious as is the current black wedge.
Just wait & see...