EURUSD weakness and USD strength dominate further as stock correction gains momentum. Bring on the overdue dollar rally⦠Beware of BLACK SWANS ... http://stockmarket618.wordpress.com
Resumption of equity correction gains momentum. EURUSD downtrend and USD uptrend on daily chart become more pronounced. Bring on the overdue dollar rally... BLACK SWAN chart available for viewing at my blog....
Resumption of equity correction expected to continue. Choppy EURUSD downtrend and USD uptrend on daily chart expected to continue. EURSEK uptrend strengthens and significant upside expected.
Recurring S&P500 buy support results in my indicators now suggesting a significant equity rally is possible. DOW cash index last 12,443
Despite the recurring DOW/S&P500 buy support, sellers keep appearing and bearish daily and weekly charts slowly gain strength. Signals are now mixed and the rally I was expecting is looking undecided. Unfortunately the delayed / slowed down correction that started months ago will probably result in a sudden sell off similar to 2008. Or worse than 2008 ...