11 May 2012

S&P500 : Why Is It So Difficult For Bears?

Good explanation from today's FX Concepts report (reproduced here without permission). Could apply to all Risk Off positions. Like them, I expect the current technical bearish patterns to eventually exert themselves on the markets (history repeats) and for Risk Off to come good.

A few important chart-points for tonight's weekly close :=
  •  S&P500 < 1353
  • EUR/USD < 1.2973
  • Gold < 1594
at 11:25 AM
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1 comment:

Anonymous said...

TS, 'eventually' could turn out to be an awfully long time. Better not to trade on that basis. Useful post, thanks for it. I too have been getting chopped a lot the past few months, so it was a good read. Pandu

11/5/12 10:49 PM

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