This week could be shaping up to be an extraordinary week in the markets. I strongly recommend that traders everywhere take precautionary measure measures to protect capital.
While the S&P 500 made new highs for the year last week, it did not do so in a very convincing manner. In today's short video I show you some of the elements that I think should be cause for concern.
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All the best,
2 thoughts on “A Quick Peek at the SP500 Chart”
thanks for sharing your views on gold/crudeoil/s&p500/eurodollar.
i am bit confused, as u concluded that euro has reversed wrt dollar.
if that so then how could gold/crude/s&p also decline, there was a inverse relation of these markets with dollar index.
Cautious nature serves well at this point in time; that combined with very week action on Mutual Fund Monday's.....pause for concern. Thanks much for bringing Akami to the forefront approx 2 wks ago; very nice trade!!
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