Monday, June 22, 2015

Quick Market Update

I'll follow this up with charts, but market tone since the "Early Indications" post has deteriorated even more and is now looking unambigously ugly.

I'll also have some information on a new Goldman piece as to why the ECB may want a Greek default and how that would effect the EUR/USD, an FX pair I've been expecting (via 3C signals) to see downside, I'll include some of the charts I just went through (I went through all of the major futures we generally cover including $USDX and Euro futures) that are showing a pretty clear negative divergence for the EUR/USD bigger picture, which may be a sign of Greek default.

I'll also cover any potential trade set ups the current movement and the expected movement might create.

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