Wednesday, November 2, 2011

Bear flag?

Bear flag with likely resolution downward?

Chart is /ES hourly.

US Dollar update

An real time update of the USD shows that our risk off currency is hanging to its support. If the 50 DMA breaks, then we could see a rally of atleast 2% in the markets till the USD will reach the 200 DMA support. If that support also breaks, then you could put on an Intermediate term market rally. Keep a close eye on the Dollar index

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