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RANsquawk Market Wrap Up - Stocks, Bonds, FX etc. – 27/10/11
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A look at the ES, DX, and GC shows that the "risk on" move is very near a key turning point as the wave counts are near completion. The USD index may have already found some support from which to work higher from. If so, it could encourage equities to return to the larger trend lower. http://bit.ly/uZ0Uwd
DAX monthly chart at blog shows recent bullish candle revealing aggressive short covering rally enclosed within big picture bearish pattern.
Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts will eventually ensure a violent reversal of equity uptrend.
http://stockmarket618.wordpress.com