Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course. 122 is unchanged on the qtr.( last night’s high). Big … Continue reading
There is a reason we mainly trade futures and not ETF’s. The last 2 days should make it very clear. The SNB reversed the world currency flows off the support levels put out yesterday a.m. in the weekend special.. SPU/BONDS…This spread … Continue reading
In a world where every trade is the same trade you can pick your poison. There is always another surrogate trade or low risk alternative once the board changes from Risk ON to Risk Off. Friday into last night was … Continue reading
They have a date with 142.30 ( the December 2008 high)
SEP. !!!!!!!!!!!!!!!! 141.06 IS THE POTENTIAL DOUBLE TOP # on a monthly chart …THE HIGH WAS 141.01…. BIG BIG LEVEL!!!!!!!!
The SPU has broken enough and the Bonds have rallied enough for this swing! Do not press direction! Let the market set up again!
Pair back this position by another 10% We’ll remain with a 60% core short.