stockcycle wrote:If you think the bearishness of the pair EUR/USD would negatively affect to stock markets, you may care this chart.
The Head & Shoulder target should be 1.1360. Timing is about the 1st week of September 2012 but it could be sooner.
Nice chart! From a cycle and astro point of view, August has the potential of having a big correction....
brandyjoco wrote:Anyone have a chart on UVXY? Is that a good buy?
Stay away from that right now...
The reason I am saying that is the we have already had a big move in SPX, now nearing support..should we fall through then it might be interesting, but should it hold and bounce then UVXY would lose serious value...
It's currently trading in a triangle, waiting to see if we lose support on SPX....
brandyjoco wrote:Anyone have a chart on UVXY? Is that a good buy?
Stay away from that right now...
The reason I am saying that is the we have already had a big move in SPX, now nearing support..should we fall through then it might be interesting, but should it hold and bounce then UVXY would lose serious value...
It's currently trading in a triangle, waiting to see if we lose support on SPX....
For 4 days in a row, we had a strong close. The question is: are we going to have a very strong close the 5th time?
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