Mon Nov 22

The DOW/SP500 futures, EURUSD, AUDUSD spike earlier today
(before Wall St opened) has now been overwhelmed by selling
– confirming that daily charts are increasingly bearish. As
mentioned, this overextended rally has taken longer to finish
than I expected – but daily charts of various global indices are
much more bearish as of today. The new down leg that I’ve
been expecting should start this week. Let’s see if i’m right.
DOW futures 11,095
*
Increased bearish signals for DOW/SP500 futures daily charts. It
seems the suggested rally for today has weakened already.
Dow futures 11,181
*
My choppy EURJPY short has increased in strength – warning of
further USD strength and EURUSD / DOW/SP500 weakness.
Because monthly indicators continue to warn of EURUSD weakness
I know that eventually EURUSD will turn more bearish. And vice
versa for USD of course.
*
EURJPY short 114.71
*
EURUSD long 1.3753 [closed 1.3752]
*
GBPUSD long 1.5997 [closed 1.6015]
*
GBPUSD long 1.5997

Advertisements

I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: