It's hard to find a reason to go long. About the only risk positive news I've seen this weekend is the last US troops pulling out of Iraq which I'm pretty sure will be completely passed over with the focus on European dept crisis worries and more possible downgrades or statements from ratings agencies.
Monday keep an eye out for any kneejerk reactions as Super Mario speaks at 10:30 am NY time as well as mindless drivel, rumors and other news from EU finance ministers after their phone conference monday.
Sure didn't get a very convincing bounce out of the demand zone I've had highlighted. Price is still well contained in the short, medium and long term down channels.
Indicators tell me to keep holding short on the daily metatrader chart. I have no reason to cut this trade loose yet.
Monday keep an eye out for any kneejerk reactions as Super Mario speaks at 10:30 am NY time as well as mindless drivel, rumors and other news from EU finance ministers after their phone conference monday.
Sure didn't get a very convincing bounce out of the demand zone I've had highlighted. Price is still well contained in the short, medium and long term down channels.
Indicators tell me to keep holding short on the daily metatrader chart. I have no reason to cut this trade loose yet.
I don't care which way the market is going as long as it's going my way