I'm not sure if SPX500 is going to retrace after all - ATR is falling which is always bullish, it has broken an upper trendline which may now become support, and the fed isn't going to taper for at least a couple more months. This all points to continued investment in equities, and gold also seems to be holding its gains at least for now - this is all very bearish USD for the coming week. USD is also hovering below previous support which is now acting as resistance. I will be selling USD all next week, now I need to find a strong currency to buy against it.
I wont make any further decisions until I see the next COT report tomorrow, we have had no data for a month now.
I wont make any further decisions until I see the next COT report tomorrow, we have had no data for a month now.
si hoc legere scis nimium eruditionis habes