If the sideways trading hasn’t been enough to drive you insane “yet” well……..you’re one the few. I’ve had nothing to trade, and in turn nothing to “say” until today.
It looks as though we are back on track for another short entry in risk, as both The SP 500 as well $USD are signalling – downside ahead. You don’t see it? How about 2095 as a good place to start?
I’m looking for today’s high in “both” as a level to look at “getting short” – again.
Keep in mind….the levels are the levels…but the turns often take time. Get a couple orders in “underneath the action” – and you’ll do just fine.
This works short SPY, short USD/JPY , as well most everything vs JPY ( yes again and again! ) with smaller orders long GBP/USD.
Picking currency pairs is getting trickier these days….so you’ve got to stick to some of the larger concepts ie…..Risk off = JPY UP.
Watch for this to fade here this afternoon..