Preferred trends (still bullish)
Update: have closed these longs due to bearish intra day signals.
EURUSD gives bearish intra day signal and opposite for USDX.
The (bearish) rising wedge scenario for DOW etc. may be confirmed
soon unless we get more market intervention inspired short covering
SP500,DOW,NASDAQ,FTSE,DAX futures intra day charts give bearish
warnings but will wait for confirmation as signals remain choppy.
Long EURGBP again, daily and weekly are still bullish.
SP500,DOW,NASDAQ,FTSE,DAX intra day bearish warnings return,
now that today’s short covering spike has finished. The rising wedge
on daily and weekly chart looks ok so far – is bearish when
XAUUSD intra day and daily overbought warnings have increased,
was 1316 an important top for this leg ? Will post a chart.
Today’s market movements are important – more later.