FED day upon us
Posted by Cire2222 on Jun 24, 2008
FED DAY
Well tomorrow is FED day. I have said it before and I’ll say it again, the best way to play FED day is described in the image below
KEY PIVOT PLAYS
As for the key pivot play in the Euro I mentioned last night there was NOT a trigger for entry. Gold did not trigger either and the S&P set up I mentioned might occur didn’t take place, It would of required a positive close. The good news is, there are no open Key pivot plays going into FED day, you can rest easy. I hope a set up comes soon, I am anxious to play one again
Dollar strength
Posted by Cire2222 on Jun 23, 2008
Dollar Strength
I have been posting multiple charts on shorting the Euro, I have been looking for a reverse ‘W’ formation to be confirmed and we almost has it today but the close just was not low enough. I am still bearish on the Euro and can’t wait to see what happens the rest of this week with the FOMC so soon. Gold also took a big hit today as the dollar gained strength, if the dollar can stay strong I expect much downside in both the Euro and Gold. Below you can see a couple charts on Euro and Gold.
