Despite mixed signals, FX markets today suggest stock bearish.
Bearish influence from overextended SP500/DOW/NASDAQ remains.
Gold and Silver not participating in bounce today…
Greek hopium stockbulls battle it out with overextended SP500/DOW/NASDAQ.
Additional Greek hopium results in USDX weekly chart giving bearish warnings
again. Naturally this will be market significant for stocks etc and aggressive
short covering spikes may result – maybe up through 1370 ?
NZDUSD diamond pattern from last week confirmed and now morphs into
USDJPY overbought intra day gives bearish warning.
Euro hopium factor aside, SP500 1,363 should be the top.
Europe/Greece remains an unknown variable.
CADJPY short 80.054
EURUSD long 1.3230 [c 1.3261]
USDJPY short 79.501 [c 79.550]
GBPAUD long 1.4743 [c 1.4745]
EURAUD long 1.2258