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本帖最后由 ypm968 于 2010-5-17 22:50 编辑
Follow the Euro
All major indices formed a big symmetric triangle. We have to wait and see which way it breaks, but we can get some hints from EURO vs S&P chart. The EURO trade resumed last Thursday. Today Euro made a intraday reversal, S&P followed. Euro has broke its short-term downtrend line, and it's far away from 10-day MA, we may see more short covering tomorrow. Will S&P follow Euro tomorrow? Probably. However, S&P intraday reversal has no much conviction, volume is low, and money flows chart shows outflows. |
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