Charts I’m Watching: Feb 5, 2013

The dollar is taking a breather after a strong reversal off the latest .886 and channel bottom, but appears ready to break out.

The EURUSD back-tested the broken channel line and rising wedge lower bound, and is likely about done.

SPX fell 19-pts after we shorted last Friday.  We positioned for an intra-day bounce, but SPX added only 4 points before falling back to complete a little H&S pattern at the close.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password