Stock and Currency Market Update, Outlook and Forecast: End of Week

Just an end of the week stock and currency market update, outlook, and forecast for next week. Nothing has changed for me. I continue to play for a backtest of the 21 ema on the daily chart.  We will either ramp to that area, or will consolidate and touch it in a sideways move. I suspect we will ramp; hence, the play to find out what this is. That area will hold as resistance if the top is in. If the top is not in, we will slice through that area for a run to higher highs. If I had to guess, I think we ramp back up through that 21 ema. But I am not guessing as there are always both paths in play. Daily SPX chart: The AUDUSD play continues to hold the weekly low. As was stated when this was identified, it is a bit crazy as it is entirely contrary to the bearish patterns on the chart. I feel like being a contrarian here at the fib levels because of the risk reward. If the hunch is right and the H&S and the channel break is fake, this is going to a new high; hence, the play to see what this is. AUDUSD Weekly Chart: Lots could go wrong with both these trades and those bearish on both charts could be right: If this does not fail, however, it will be our finest hour with solid entries with a run for the highs. The risk reward is just too much to pass up. There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions. Peace, Om, SoulJester