seemore wrote:Online rumor is that Bank of Japan to increase stimulus at their meeting next week. That would push up USD/JPY & SPY.
The Japanese spent a LOT of money getting Euro Yen to 150 last fall.
All the gains have been given back this month.
I have been figuring they would wait until the ECB dust settles before mounting a counter attack but perhaps not.
Euro Yen.jpg
Looks like everyone is preemptively raising their dust before the ECB gets a chance to start a cloud. i.e. ECB expected to announce QE next week. BUT, the big money may be the risky long of EUR/USD if ECB fails to do what even their rival central banks, Swiss & BOJ so far, think they are going to do. If ECB fails, imagine the short squeeze.
Last edited by seemore on Thu Jan 15, 2015 2:39 pm, edited 1 time in total.
kongen wrote:SPY, IWM, QQQ, DIA showing inverted C&H on 30 min charts. They are very close to triggering, but these set-ups have frequently led to bear traps in this bull mkt.
2nd test of day low, 40% chances of double bottom, wait.
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