USD and Euro
I'll let you extrapolate for yourself based on the theme; with the theme being that 2 major currencies at the heart of so many current trends are ripe for reversal. …
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March 11, 2015
Multi-Market Update
US Stock Market
S&P 500 is +5% today in pre-market and I have not covered my short position on SPY, although for NFTRH+ purposes, the preliminary bearish trading target was 206 (SPY closed yesterday at 204.98). So that trade is complete.
I expect SPX to eventually move down to the support zone at 2000 +/-, where the decision would then be made as to whether or not we are going to test lower levels. So interim bounces could be additional shorting opportunities, as was Monday’s little joy fest.
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March 11, 2015