Technically, the market has pull back to monthly support and bounced off of it, and it looks like wave 5 could be starting now.
On top of that, the counter has broken. This month is green so far. as long as the data for the US continues to be , I will remain confident in holding it long for quarter 4.
Going to bed. Goodnight.
US PPI m/m up 0.3% compared to 0% last time, and better than the 0.2% forecast
The core PPI similar.
Awesome! ..now Yellen speaks today.
day chart shows it has break out from the triangle but it has a bearish bar currently, probably pulling back to 96.50 range before going higher, imo.
like to hear your views, thanks