S&P500 Intra-day; Recovery Not Good For The US dollarTop ↑ Our Services (Video Tour) Twitter Facebook Subscribe to our newsletter Dec 01 2011 Traders, price action and momentum are very poor AFTER yesterday explosion after the PBOC cut decision. The FX majors are mostly in intra-day ranges, consolidation patterns from where breakouts will occurs, but most likely with dollar negative reaction. The reason is the S&P500 which shows impulsive but incomplete advance from the lows. In the near-term we will liekly see a pull-back into 1230/35 zone from where we will look for a bounce into a wave (v), when also US dollar short positions shoudl be interesting on the FX market! ![]() Newsletter archive
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