Continuing to dig into some Institutional Sentiment Analysis, I found this piece by Close Brothers Asset Management. Some of the analysis has already played out - an expected decline in US GDP and the Italian election but it's a decent read for a broader overview.

" Despite their good start, we remain tactically reserved on equity markets in the shorter term. Global policy makers are still addressing multiple challenges from the unresolved US Budget negotiations and continued low…

Currently the cross is @ 1.0125 after bouncing on  the .618 Fibo  @ 1.0058. Should see a continuation of the bullish move  today.  The  holidays and lack of liquidity could stall the movement on the cross.  Next target is a return to the .382 Fibo @ 1.0181 with  the next big target being the R5 @ 1.0253.  A break of the trendline down is possible and that targets the R3 @ 1.0020.  We are bullish on the cross as of now.…

Currently the cross is @ 1.3034 after taking out the R4 target @ 1.3184. Should see the bear flag continue today as the holidays and lack of liquidity should stall the movement on the cross.  A break of the Bear flag down targets the double bottom @ 1.2946.  Target upside is the R4 again  @ 1.3184.…

Currently the cross is @ 1.5363 after breaking out of the down trend .  As we noted yesterday  “look for  the .500 Fibo as the upper immediate target  @ 1.5597 then the .382 @ 1.5641”.   Should see a bull flag or sideways move develop today as the R4 should put some holding pressure on the cross.  Target upside is the Support @ 1.5681.…

Currently the cross is @ 1.5530 after breaking out of the bear flag and going nowhere.  The Cross is showing some signs of heading north although we are still clearly in a downtrend.  A test of the 1.5553 and a break there look for  the .500 Fibo as the upper  immediate target  @ 1.5597 then the .382 @ 1.5641.   If  the 1.5553 holds look for a return to the bottom @ 1.5423.…

Currently the cross is @ 0.7632 after putting in the bottom.  The Cross has continued unabated to the north and is just about the .500 Fibo.   Due to this unabated run and the 50% retracement we could still have another run to the bottom at or near our current spot.  Our next significant upper target is the R4 @ 0.7691.  A break down targets a return to the .618 Fibo @ 0.7565. …

Currently the cross is @ 1.5524 after putting in the bottom.  The Cross has built an inverse head and shoulders pattern which is bullish but we could still have another run to the bottom at or near our current spot.   Our next lower target back to the bottom @ 1.5400(big Psychological number – could bounce).  A breakout of the downtrend would target the  Fibo @ 1.5688.…

Currently the cross is @ 1.3190 after breaking through to the S5 target.  The Cross is building a bear flag which is bearish but could still bounce here.   Our next lower target is the -.270  Fib extension @ 1.3100 (big Psychological number – could bounce) and then the  -0.618 fib extension @ 1.3021.…

Currently the cross is @ 1.3243 after breaking through the S7 target and the descending wedge. The Cross could still bounce here or at the double bottom @ 1.3200.  Our lower  target is the support @ 1.3151.  A bounce  would target a move back to the .500 Fibo and trend wall @ 1.3380. …

Currently the cross is @ 0.5670 after bouncing on the trend wall.  The Cross has consistently stayed above the support at 1.5600( .786 Fibo also) and is sitting just above  the  R4 support  @ 1.5665 and the 50% Fibo from the swing high and low of the last 2 days.  Friday can be a square up day so watch for position traders to lighten their positions as this can create the opposite move of the charts.  Look for the cross to bounce again on the 1.5600 support .  Our upper target is the R5 @…

Currently the cross is @ 0.7873 after languishing in the rectangle pattern for what seems like forever.  The Cross finally has broken to the upside and is sitting just below  the  resistance  @ 0.7873.  Look for the cross to break this resistance and continue  to the R5 @ 0.7958 and then look for a continuation to 0.8000 .  Watch the Psychological number @ 0.7900 – could stall there.  A breakdown to the downside  would target a move back to the R3 @  0.7725.  We are currently…

Currently the cross is @ 0.9306.  The Cross continues to work the upside movement and is sitting just below  the  R5 resistance  @ 0.9299.  If the cross can break this resistance look for a move to the S4 @ 1.3286 and then the immediate top @1.9331 look for a continuation to the R5 @ 0.9443 .  A breakdown to the downside  would target a move back to the R3 @  0.9210.  We are currently bullish. …

Currently the cross is @ 1.3379 after a failure to take out the topside.  However, the cross bounced on the bottom trendwall of the uptrend and is sitting on  the .786 Fibo  and the S3.  If the cross can break the Support and the uptrend line  look for a move to the S4 @ 1.3286.  A bounce would target a move back to the S1  @  1.3466.  We are currently bearish. …

Currently the cross is @ 1.0299 and are sitting just below  the resistance @ 1.0321 and the R4 @ 1.3447.   If the cross can break the resistance look for a move to the 1.0400.  A breakdown would target a move to the support  @  1.0213.…

Currently the cross is @ 1.3500 and are sitting just above  the .382 Fibo support and the R4 @ 1.3447.   Expecting a move to the R5 target @ 1.3591.  There are three major resistances to get through on the way to target.  A breakdown would target a move to the R3 @  1.3358.…

Currently the cross is @ 1.3466.  We have broken out of the downtrend in pretty dramatic fashion and are sitting just on the .382 Fibo support @ 1.3447.   Expect a slight pullback and then a move to the R5 target @ 1.3591. A breakdown would a move to the R3 @  1.3358.…

Currently the cross is @ 0.9990.  We are sitting just under support @ 0.9965 after taking out our target (R5) from yesterday.  A break of the support would indicate a move to the R4 @  0.9906. If the support  holds look to go back to the R5 @ 1.0050 and then resistance @ 1.0100/1.0113.…

Currently the cross is @ 1.3373.  We are sitting just under resistance @ 1.3401 also at the trendline.  A break of the Trendline north   would indicate a move to the .500 Fibo @ 1.3510. If the trendline holds look to go back to the 1.3262 and fill the gap.…

Currently the cross is @ 1.3191.  We are sitting on support @ 1.3382.  A break of the support  would indicate a move to the -0.270 Fib extension @ 1.3318.  It should it bounce here look to go up to the 1.3450 area.…

Currently the cross is @ 0.7472 .  We are sitting on support BUT…have built a bear flag which is bearish.  A break of the 0.7400 would indicate a move to the -0.270 Fib extension @ 0.7345.  Should it bounce here look to go up to the 0.7528.…