A tightly watched long.
As we wrote just yesterday.....Of course, US indices rally with Euro, solid correlation.
Amazing how an apparent event, like taking some stress off uncertainty with Greece, will result in a Euro rally. Surely this can only be a "false rally", a move meant to shake people out of positions.
And the USD gapping down twice, because, huh? Because Euro-land will print more quickly than USA?
The "Bat wing" can definitely bounce up tomorrow, but it "should resolve downward", so if I do enter long it will be very tenuous.
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Insightful and Useful Comment!