Gap-up to 1.5000

on deck for Monday (not sure if the markets are open on Memorial Day - so if not, then definitely Tuesday)

 

Even if did that it would close the day at 1.40. This thing is overbought beyond all reason.

 

I agree but all timeframes are still pushing upwards -- even on my 60 minute charts I am still getting some support levels

Nearly all my calls have been right up to now (both long and short) and I don't see this being an exception

 

The point where everything seems to be so overwhelmingly bullish is the point where "fun" begins. I am waiting for this thing to "break its neck"

 

Watch the picture. This thing left one trendline and went on a steep climb. This kind of behavior will not go unpunished.

 

So sorry -- I mean't 1.4100 -- but eventually in a few weeks - yes, I think we will see 1.5000

 

what are the implications of the fast USD depreciation for the US equity market?

USD dropped ~4% againt EUR in just one week. Yet SPY is essentially flat over the same time period.

 

1.4100 should be hit around 2am -- a few hours before the German IFO data release......

 

Picture perfect ET fade so far, thanks for the PIPS!

 

bad plan - trying to short the uptrend....

buy the dips!

you will be sorry if u try to short this thing....

DXM9 is on a complete downtrend!!!!