I’m talking about the EUR/USD.
Wow. Beautiful breakout. Not what your US earning, European living correspondent wants to see.
Hopefully, just a bear market rally return to the scene of the crime. A normal retracement to the breakdown area of 1.16. Hopefully. Because I ain’t hedged for much more than that.
Now on to our usual day trading the S&P stuff.
The 5 day cycle is in a down phase but moving sideways, which is usually a bullish setup. It needs to break below 4716 and then 4710 for it to be a bendover pattern. AKA the Gym Jordan Sandusky pattern. Failing that, I remind you that the conventional measured move target of the breakout from the bottom pattern is 4830.
And now, without further adoodoo, I bid you a plus tard. I go to the French Embassy about a km from my apartment to pick up my long term stay visa for France. I’m leaving Warsaw at the end of the month to head for what I plan to be permanent residence in Nice, France! From there, warm weather travel only! 😊
Chowski!
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