Looking at the Dow Jones Industrial Average I see heavy resistance at the 12560 level. Once this is reached I will look to short pairs like the EUR/USD which I have resistance at 1.2530 level. NZDUSD looks ready right now for short entry at .7900. Although US Oil looks as if it is in a sideways triangle preparing itself for another drop. I see oil at 80.00/30 for another short position. Targets on oil for the short term are 73.45 and 69.70. The EUR/USD will test the 1.2300 level and I look for it to break ultimately heading for 1.1950 level test. DOW will test 12380.00 and then 12100.00. NZD/USD will test .7700 and .7500.
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