Dollar Poised To Rally
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
The dollar is once again set up as a
pullback from highs. The June Euro
(
ECM1 |
Quote |
Chart |
News |
PowerRating), a pullback from lows, looks like
the logical play (short) here.Â
Although the June S&P futures
(
SPM1 |
Quote |
Chart |
News |
PowerRating) were up sharply on Tuesday, they still look vulnerable longer-term.
Continue to look for shorting opportunities here but wait for follow through to
the down side.
Best of luck with
your trading on Wednesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!
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