Eurodollar Spread : Sign of Top Crystallizing

• Last at +85
• Recent high +92.5 (new intra-day high last week) not sustained
• Weekly chart beginning to show more confident sign of a double top
• Back in Oct08, daily high reached was at +90
• Trade parameters becoming clear now. Stop out shorts on close at +93 and above
• Risk reward measurable now with greater confidence
• Ties in with my expectation that Risk Off will be next major theme of markets
• Now worth a big punt given no need for "fuzzy exit"
• This is my preferred initial entry mode into Risk Off given the clear hard stop settings. (FX still uncertain to me).