Dear Readers, As you can see for the first time in few days, there is almost no BUY Pressure for NASDAQ, Sell Pressure is not high, but this the beginning. Not to get ahead, but in a day or two, we could have a good Sell Pressure develop. Summation Graph tells us that we are not at the buy, but big selling opportunity may have passed for this time. Not that sell off can not happen, but it is either instant or wait for couple days.
4 comments:
Hello Boris
any new thoughts on USD and GOLD.. for next few days
thanks
Dear Dxb, not really, it seems to me like 79.99 - 80.99 band is not penetrable for this time and SEP still looks higher. Now that is good 2-3% band and means 2.05 GBP and 1.40 EURO, but hey we are ready. The time frame looks like from here to 24 July for lows in $, but need to be ready anytime with short term technicals to sell GBP/EURO etc. Interesting play is EURO-GBP, I think EURO/CFH will eat GBP next few days.
Good Trading
thanks as always
Dear DXB, hey they had British Prime minister talk for GBP, why can I talk for $US.
Good Trading
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