As the markets can change rapidly at times – a reminder that
updates can be found here:
The DOW/SP500 counter trend rally that started last Thursday
appears to be ending already. Certainly the bearish larger time
frame trends will continue to influence smaller counter trend rallies.
USDPLN daily and weekly charts give bullish warning.
USDDKK daily and weekly charts give bullish warning.
USDCAD daily and weekly bullish signals continue.
DAX Index daily chart is bearish to neutral. Weekly chart is bearish
to neutral. Monthly chart is neutral but gives bearish long term
USDX (US Dollar Index) continues to give very bullish warnings and
the opposite for EURUSD and DOW/SP500 etc.
So I’m still expecting global equity weakness and USD strength.