Be on the Lookout for Money Flows
Per usual we’ll be looking to the market for signs of dollar / yen weakening combined with our other favorite indicators as an expected turn in the market. If we don’t see the money flowing that way… you know the drill – look out below.
Here we go!
As we had feared, the brooms haven’t come out to sweep away the bad news and the charts continue to look indeterminate. Euro strength is encouraging however, and if trend broadens to other “risk” forex currencies then we’ll come off the lows. Isn’t it cool to have enough lead time on the market to actually act on it?
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Also Don't Miss Out on the New Binary Options Trading Signals and Free Binary Options Trading CourseRight on queue folks, the broom is out! Schawing! While we were looking for a broadened strengthening of “risk” currencies (which we got) it came with at the expense of the weakening euro and strengthening USD – which are the major negative indicators for the S&P 500 market of late. We still have half an hour left for Jesus the miracle goalie to show up but the charts are saying we traded him to the other team (at least for today). We’ll see if we get him back in time for the close – not counting on it though.
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Mark it on your time&sales folks 1:32pm