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.
