Short term it probably was overbought. I just saw support being taken out at 3:30 pm and a Doji happening and that was all I needed to dump my weakest positions. Maybe I'm wrong but I figured better safe than sorry. The other side of the coin is that it's close to the end of the quarter window dressing time or has that happened already?
At 9:13AM today, EUR/USD just hit 1.3465. As I wrote in the other thread on OEX options, my models said end of upmove today, and said short it. EUR/USD is correlated to stock market. Any opinions?
Nasdaq-100 index is at 2012.50, half a point only from 2013. My models said some days ago that this is the top of the area where a retreat was to begin. The bulls are going crazy. What do you think guys?