So you’ve been pushed to your limits “technically” and the majority of you’ve been pushed off the field.
Hungry bears trading “too big too fast” crushed in the recent upswing and “right around now” eager bulls feeling that it’s “safe to buy the dip”.
Has anything changed?
Last time I looked ( 15 minutes ago ) this Yellen chick (now heading the U.S Federal Reserve) is sticking to the plan and the “taper talk” continues so……check your “fundamental heads”.
U.S equities “still” pulling the wool over your eyes perhaps?
The Australian Dollar ( which generally trades” along side risk” ) just had a brief meeting with its old friend the 200 Day Moving Average and guess what?
Same old story. These two just can’t get along,and yet again part ways – unhappy.
Things setting up for a nice lil “reversal” here if you ask me.