We are way early still but IF price can ralley up to 1.07641 We wuld have a entry reason to hope on the EURUSD and look for a potential target @ 1.000 even. I did a short video explaing the potential trade setup here www.youtube.com
- S&P is trading above its 100-period SMA, which has turned green, illustrating positive price momentum - Breadth ratio is < 2.0, which is a weak bullish signal, but is starting to gain positive momentum - Net Advance Decline Line is still < 1000, which is a "not as strong" bullish signal, but is above its 21-period EMA and is rising quickly to break 1000
Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA - Breadth Ratio ( NYSE:UVOL / USI:DVOL ) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day - Net Advance/Decline Line ( USI:ADVN.NY - USI:DECL.NY ) was below...
AD Issues is a GREAT breath indicator. It is still in a downtrend showing a big negative divergence. I dont like this at all