Monday, July 2, 2012

Closing Market Update

The short term intraday charts (1-3 min) have been mostly in line today, the longer term trending charts have mostly been negative. Again to me this suggests there may be a little head fake move going on and a pullback still looks like the most obvious course, however there's no real indication that the pullback would be very strong, that would mean it would most likely be a constructive pullback, good for tactical entries, etc.

There are some oddities in the Euro and $USD I want to look at closer, obviously after market and we'll look at the risk asset layout as well.

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