Wednesday, July 29, 2009

Thoughts from the Vortex

Morning gang

I think this chart of the dollar spells it out. We are at a juncture. We have had 2 rule of 4 breakdowns which saw the SPX rally off the dollars fall. Yesterday was an interesting print as we may have carved out two feet or a double bottom. If the SPX is to move down this pattern needs to play out. we will see.

blog comments powered by Disqus