DislikedHi Sisse, I am new to this thread but really enjoy your analysis. Just wanted to ask your opinion. We are heavily long dollar at the moment and yesterdays selling pressure I can only assume was caused by risk aversion caused by Saudi as US data has not been to great lately. We have already squeezed higher on pre and post FOMC and to day we have GDP and U of M which are probably going to disappoint. It looks like the big stops above the FOMC spike 1.105X have not been taken and in fact if anything further shorts were added there. We have minor stops...Ignored
The only thing I am not convince is the move down first before taking the highs. It will be healthier TA wise to just clean the highs from here until next week otherwise we may get back to a major very noisy wide chop zone for some v. long few weeks of noise...
On the risk play, its over (market wise). There is almost consensus that is nothing to see risk wise at least for now.
Let's see how we roll in the Q/M/W/d combo first and we can follow up later with this conversation.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now