Tuesday, September 14, 2010

AUD JPY recently the best correlator

Anyone have any ideas why AUD JPY would be the recent best correlator with SPY?

It just broke out and backtested, even though I closed longs around 1097 on the ES,  looks like I should have stayed in longer, but oh well....banked some profit without getting greedy.

BUT we are still near major resistance on the US indices, we could tank from here, a few people pointed out that we are wedging right into resistance.


No comments:

Post a Comment

Insightful and Useful Comment!