Tues July 12

Don’t forget, S&P500 chart at top of blog warns of impending crash.

Originally posted Feb 16, 2011 and my opinion has not changed:
When DOW/S&P500 correction gathers momentum, I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like
COPPER etc, CRUDE OIL.

EURSEK long 9.2224 [c 9.2173]

EURSEK basing on daily and weekly continue and good upside
still expected.

Resumption of equity correction gains momentum. EURUSD downtrend
and USD uptrend on daily chart become more pronounced. Bring on
the overdue dollar rally…

XAUUSD short 1553.21 [c 1558.14]
EURSGD short 1.7209 [c 1.7135]
EURSEK long 9.1651 [c 9.2179]