Absolutely nothing….I mean “nothing” could thrill me more than this mornings market action.
For medium to long-term traders, there’s generally nothing better than seeing price levels move to “wild extremes” – in the wrong direction.
I’m talking about a “bear market rally” now pushed into the “maximum resistance zone”.
A thing of beauty to say the least.
For those looking at the general correlation between The U.S Dollar and Commodities – look no further, as Gold and Silver haven’t budged.
Chatter from The ECB has simply shifted the flow of currencies from EUR to USD in a small scale/weekly sort of way….and will soon swing back in the longer term direction of choice.
Tuesday at the absolute latest…..USD ripe for the turn.