There might be a chance that Tom McClellan's Eurodollar Indicator is telling some people something ... QED1! Commercials Positioning with a certain shift fitted perfectly to Stock Marker and FEF Fund Rate lows... But of course it's different this time .
Sorry, but sell and run for your life.
So, if USD$$$ is still King, it is reasonable to scale Indices on DXY… In Sep 17 we broke out of the 20 year long term channel and after 2 blowoff Top’s we immediately corrected to lower bound. Now we are reaching again the 20 Year resistance Zone, and since recent rally got out of steam we need to be aware that Correction Target is minimum 2550 and can extent to 1900.
Expecting next leg down. Maybe a wild Ivan Mo/Tue but Thu definitely again on short side !
fit's well with crude... sub 10 a buy !!!!
If usdjpy is the leading indicator as it was in the past, than expect a flash crash / crash ... with usdjpy to sub 95
Be aware!!! The 4/8 biggest Traders are still on the "longer" side. We need a last correction caused by them. 12-18 is the Target range
1395 and then long. decline should be done by middle of next week
Stay out! We need to reach 1930 region first.
We reached initial 51 Target much earlier than expected !!! So, we are in full correction mode and should expect a ABC Type correction (now in C) with the the final Target of sub 40 Region. From there I intend to take a 15x long Certificate for the next 1-2 Years...
let's have a look if this works out ...
With today's 24.80 at pre market, the ABC Correction should be seen as finished. Time for longs to return.
Do not forget about the big view if you say that we just had a correction ! We need 2500 urgently or another 700 Days sidward move looms !