Dislikedno i agree... just doesnt usually happen without making new lows or highs... smart money is in on it or else they fade
it. They been showing spikes that get faded..
for retailers to jump in and get margined
out.. They want retailers to start fading
so that they pay for the push up. I still see retailers
buying the pair.. cant remember but i think
snb waited until a large dip and retailers or dumb money started
shorting the cliff event... same way in 2008 looked like a parabolic rise was imminent...Ignored
In comparison we would need to see the UJ capitulate down to 65.00-70.00 in a reasonably short period of time. That will certainly need a catalyst. Major risk off or god forbid another major disaster similar to fukushima.