June 12th, Daily Report

It seems that the situation does not improve. One reason is the few relevant macro news and data coming to the market, which are clearly worse than expected. If we add the American uncertainty regarding QE, it's clear that the market will continue with more falls. Despite Japan finished green, this is due more to the closure of short position in support levels that for a fundamental reason

Nikkei

It was a bullish day yesterday, but the Japanese index continues being bearish. Until it touches the 200 day moving average, which coincides once again with the Fibonacci 38.2, I see no reason to break short. Therefore, the price could go back to the area of 12500 points in the medium term. With high volatility and strongly bearish indicators, we should watch, as I said, the mean average and the Fibonacci 38.2.

S&P 500

Very attentive to the U.S. index. We continue on a downward trend, in which the price is at the top and where buyers are not able to take control. Therefore, I think it's an interesting opportunity to enter short on the value if the upward force can not exceed 1633 points, with a reasonable medium-term target around 1580 points, the bottom of the channel which is currently being drawn.