Tuesday, November 11, 2008

Price action to watch out

USD index is signalling a strong uptrend on a break above 87.15. This would coincide with a break in euro triangle. USD has been moving against the major equity markets over a period of time. A breakout in USD may lead to a severe price deterioration in world equity markets.

Have a look at this graph -

Watch out S&P 500 today.

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