What I noticed on ES and EUR/USD today...

When I interrupted my vacation and logged on briefly today after the market closed, one thing jumped out at me from a quick look at my charts. There are some declining wedge formations shown on the Daily charts below of YM, ES, NQ & TF. The ES seems to be the weakest of the four e-mini futures in terms of where it closed today relative to its wedge. As can be seen, it closed just below the bottom of the falling wedge for the fourth day in a row after backtesting this line today...will see where it goes tomorrow.

My post on May 29 contained a monthly, weekly and daily analysis of the EUR/USD: http://strawberryblondesmarketsummary.blogspot.com/2011/05/eurusduptrend-or-downtrend.html

Since then, it looks as though profit-taking has been taking place as it approaches overhead supplies, and it has, so far, been unable to reach a price level of 1.5 this year as shown on the Daily chart below. Will see what happens to it around the 50sma (red)...whether this will hold as a level of support or not if re-tested.

Back to my Lay-z-boy...