Today probably the same as yesterday. A mild positive bias in the equity indices. Still looking for a poke over the next trend line in crude. Nothing new to say about DX. Contrary to popular opinion I think a major low is near but I acknowledge that it is not yet out of danger. Euro under 1.1700 is the main support zone that needs to fail for confirmation of the ship turning.
The Euro ETF has moved a bit higher than we anticipated in our June 16 post, but bears have a strong chance of countering the rally and taking price to new lows.
The NFP last Friday didn’t disturb the equity market by much. Still coiled looking to break, probably up.