Originally Posted by mact3333
Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon.
But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so.
I was waiting to sell when it hit the 1230-40 level and then was going to short it. Was very close to doing so yesterday though after it rallied early and then fizzled out after. Wish I hadn't been greedy lol