10 July 2012

USDX : SHS How do I love thee? Let me count the ways

  • Yet another look at recent recurring theme here - SHS top/bottom on Risk proxies. Nothing new really. Today it's the USD Index. Same idea, slightly different perspective.
  • The charts are telling us that something big and really bad is going to happen in the coming months. Could be the EZ, or something else unexpected.
  • What's missing still is the S&P500 chart to turn unequivocally bearish. We wait patiently for that.

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