AUD/USD…SPU…Risk Assets

We’ve just reached the daily swing counts in the SPU 1284 and a great level in the DJI of 1228, which is the August high.

Aussie needs sustained price action and a close Monday over 107.66 for more Risk ON. The Aussie has been a good risk tell. Watch for tone.

We’ve come a long way, with most Fund managers being dramatically underweight equities and other Risk assets. Hence the one way trade.

I am not writing to tell you to go short! Watch these levels for the next short term swing.

 

 

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