Tuesday, June 28, 2011

Serious games going on, Euro Cable, USD

S&P 500 futures is hitting serious multiple resistance, should turn down

But I have incredible faith is these so-called free market to run up to far irrational levels.   They do this often.   Faith in irrationality, no one knows what happens next.

Now we are all day traders and currency traders, fundamental may take years to play out.

Lots of charts, the Cable was pounded, whilst Euro did a moon shot.  It looks like the USD  could take another slapping and bounce off its former downtrend Bernoulli Channel extention, which should now be support (resistance turns into support), this would play nicely into the July 4th holiday to float this pig upward until the long weekend "wake up call" we predicted a week or two back based on the VOS indicator---search for it

1 comment:

  1. Jesse agrees http://jessescrossroadscafe.blogspot.com/2011/06/sp-500-and-ndx-september-futures-daily_28.html


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