From a technical point the hourly trippel bottom built by SP500 seems encouraging for a start of a correction on upside soon. It is now 30 minutes before Europe closes. SWED30 have a daily double bottom broken on upside. Seems to me right now as a good time to cover some short positions and add a few long positions if you can follow them live. This is a personal reaction to my charts right now and there is no guarantee for the outcome.
Gold and CHF again looks like beeing in for a correction. For the good traders I would suggest consentrating on CHF which seems right now to close above its falling 8 days MA for the first time. With lot of patience and many hours of waiting I think USDCHF will be a real killing when all the longterm shorts will be covered.
Gold and CHF again looks like beeing in for a correction. For the good traders I would suggest consentrating on CHF which seems right now to close above its falling 8 days MA for the first time. With lot of patience and many hours of waiting I think USDCHF will be a real killing when all the longterm shorts will be covered.
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