We know that we are getting close to a reversal from the market 3C charts, here are the Curreny charts that are tightly correlated with the market.
FXE / Euro 1 min s showing some intraday strength like the 1 min market charts, the Euro more or less trades with out market.
UUP/$USD the 5 min chart shows accumulation in the Dollar, a rising dollar puts pressure on our markets sending them lower.
The 10 min chart is positive as well, which is what we expected to see.
And the 15 min hart. The only real question now is, "How big is the short position accumulated by Wall Street going to be?" The longer the distribution in the market and accumulation in the Dollar, the bigger the fall will be in the markets.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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