Renewed weakness in the dollar (risk back on) and eom buying were clearly features
on the Nasdaq line chart we can see a possible backtest of broken support....
Russell too
Wednesday, 1 June 2011
...well,the strong move yesterday blew the nice bear setup out of the water....again...i was pretty convinced we needed to at least visit 7000 before this leg would finish but we have a gap up above the ema's,and a possible island reversal.....really unusual price action so soon after the false break pattern but it is what is
Renewed weakness in the dollar (risk back on) and eom buying were clearly features
Renewed weakness in the dollar (risk back on) and eom buying were clearly features
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment