- Daily charts of EUR/USD, USD/JPY, US10YY and S&P500, showing the spike extremes of last Thurs 06May10 when the meltdown and almost instantaneous recovery occurred.
- EUR/USD spike low 1.2520. Now @ 1.2461, below already.
- USD/JPY spike low 88.00. Now @ 92.43.
- US10YY spike low 3.27%. Now @ 3.49%.
- S&P500 spike low 1069. Now @ 1150 (futures implied).
- My guess is the EUR is leading the rest to head towards those spike lows. Plenty to play for. Maybe they won't all reach those levels but the direction is clear.
- Through the storm, Gold has been steadily rising. True bull market.
1 comment:
Glad to see some follow through - added @ break of 1141. Thanks for the world cup spreadsheet - very cool !
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