Also saw pre-market money plow into risky forex assets only to begin reversing at the open. Looking for a top in S&P 500 if yen turns higher similar to USD turn higher at open.
Happy Trading!
Suffice to say my out of office edit didn’t take but we saw a sharp negative turn in the forex market at 1130am EDT or so. Fundamentals people. There is no compelling story for recovery so this isn’t the time to buy on the dips unless you plan to sell into the rallies.
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