EUR/CHF has been the feature last night as it has been running the Euro for the
past week. How big of a correction will this turn into?
There could be 2 more figures in this cross or 10 depending upon the swing. This cross
should be monitored for areas of resistance in the outright Euro.
The Aussie is coming up to a big pivot area around 100.15.
The Pound is holding around 157.70 area which is Dr.Nenner’s upside closing
momentum #. A close above this level today will signal more upside in the Sterling.
Grains…Another good close for the (H) Soybeans above 14.00 and $15 tgt is in the cards.
Spu/Bonds….This spread just keeps on grinding up. Long Spu/ Short the 30 yr. bonds..
In short pay attention to the price action after this a.m.’s economic data. If the stocks hold the first break,
and withstand any assault by the plungers early, you’ll likely see more of the same type of price action
you saw yesterday.
