Market dislocation worsens as EURUSD / USDX are conflicting with bearish SP500 . This is due to the increasing influence of bearish SP500 and bullish USDX long term signals conflicting with opposing shorter term trends.
The overextended Wile E. Coyote SP500 wins the battle so stock bears and USDX bulls are back in charge. http://stockmarket618.files.wordpress.com/2012/01/2012-01-10_dow_wk2.png
A heads up for gold and silver bulls: Originally posted Feb 16, 2011 http://stockmarket618.wordpress.com âWhen DOW/S&P500 correction gathers momentum I expect: UP ~ USD, various USDXXX currencies, VIX Index DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OILâ