galvinlee888 Your long trade was foolish and you are now losing money. Well done. ---------------------- DOW/S&P500 selling pressure increases - after substantial choppy sideways action (distribution) - leg down looks confirmed now. USD strength returns of course.
This is only temporary for tonight, I think this will be nothing to turn around by the early morning opening. S&P FUT 1313.00 -6.60 -0.50% DOW FUT 12252.00 -69.00 -0.56% NAS FUT 2298.75 -9.25 -0.40% OIL 108.11 -1.81 -1.65%
What disturbs me is the USD not rallying, USD equities and USD both going down don't make for the prettiest picture.
Well, the dollar is at 3-year weekly (and monthly) support so please let me know whether support will hold or not, because I haven't a clue. As with LuisHK, I don't see anything yet to suggest that the dollar will rally other than the market reaction which can be wrong of course. (contrary to popular opinion, the market is not always right!, it is only always right in the sense that what ever it does, you, as an individual, are powerless to change it. Sucks.)
EUR/USD on Feb 2nd 1.3805 EUR/USD now 1.4476 Performance of original trade ( without leverage ) : -4.9% annualized approx -28%