RISK ASSETS PRIMARY TREND IS BEARISH, THE SHORT TERM LOOKS TO BOUNCE AND INTRADAY LOOKS TO PULLBACK-SORRY ABOUT THE CAPS-I'M WATCHING THE KEYBOARD RATHER THAN THE SCREEN-"HUNT AND PECK TYPING"
Thursday, May 23, 2013
$USD May Help to Explain
The $USD's primaRY TREND IS VERY BULLISH, THE SHORT TERM TREND LOOKS AS IF IT COULD PULLBACK AND THE INTRADAY TREND LOOKS AS IF IT COULD BOUNCE. BEING RISK ASSETS TYPICALLY ACT THE OPPOSITE OF THE $USD, THIS WOULD MAKE SENSE,
RISK ASSETS PRIMARY TREND IS BEARISH, THE SHORT TERM LOOKS TO BOUNCE AND INTRADAY LOOKS TO PULLBACK-SORRY ABOUT THE CAPS-I'M WATCHING THE KEYBOARD RATHER THAN THE SCREEN-"HUNT AND PECK TYPING"
Primary Trend-Daily $USDX with a huge accumulation area in a "W" base.
30 min chart looks as if the $USDX pulls back-allowing the market some room to bounce, but intraday...
The 5 min chart looks as if the $USDX is heading up, meaning risk assets including oil should move down.
RISK ASSETS PRIMARY TREND IS BEARISH, THE SHORT TERM LOOKS TO BOUNCE AND INTRADAY LOOKS TO PULLBACK-SORRY ABOUT THE CAPS-I'M WATCHING THE KEYBOARD RATHER THAN THE SCREEN-"HUNT AND PECK TYPING"
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