A comparison of the S&P 500 to The EUR/USD

FX:EURUSD   Euro / U.S. Dollar
A comparison of the S&P 500 to The EUR/USD just to get an idea where the trend is. As you can see the S&P 500 pattern is the same as the EUR/USD . By checking the S&P 500 you can get an idea where the trend is moving with the EUR/USD I hope to set up my next chart on a trade method for this sometime today.

I' ve been looking at MainStInvesting chart on the S&P 500 and he suggest that the trend will be moving in the sell direction for the new month. I agree with this.
Here is a link on Dow Theory http://www.informedtrades.com/1964-dow-t...


macd is below the zero line another sign that it is a sell sign even though there is a macd crossover..this is a video on how to trade with the macd http://www.informedtrades.com/3865-macd-learn-trade-using-macd-part-i.html
i hope to add another chart for the trade method and explainations for my next trade on the EURUSD. This chart above is for the purpose of looking at the overall trend to be able to have a vision.
so u show us that S&P500 and EURUSD corellates? Where is something about proofing downtrend? On your chart MACD shows UP xDD
Thats the best thing about the correlations of risk currencies and s and P. Check out the AUD/Jpy and the Dow since the crash