looks like S&P 500 wins the neck breaking competition, surely the others will follow now

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H&S on dow, SP 500 and ftse 100 also

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well at least you can have a really small stop loss as below 3245 we will look very bearish

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well i have to say general direction is about as clear as mud at the moment, staying away until tomorrow after all anouncements is probably wise!

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we now have a H&S on 4hr, neckline break at approx 1.3250

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jobless claims were much improved over estimates and if that kind of news cant hold a rally at least upto resistance levels in Eu then i remain very cautious of longs at the moment

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yep back up they go again, if the S&P gets to 1000 should be interestig to see what it does after that!

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correct only below 1.3189 would confirm a trend change

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well equities are coming back down to earth, prob due to stress test fears and we also have tweezers on the 1hr if it stays like that for the next 15mins so looks like were heading south short term, which is unfortunate as my long got stopped out

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Well bear in mind we really need to get under 1.3189 to properly negate the bullish trend a 1 hr close below 13300 should help us get there! Fingers crossed

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Yeah hes correct for sure but.. No dissrespect to the other trader but he looked like he needed a little guidance after shorting a hammer just above strong support/Fib. If we rallied hard would the response have been the same?

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Excellent "after the event" advice

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Your welcome, I dont know where this is heading but my thoughts were that your position was way to close to support, I think this could break 1.3300 but I would still rather be long from that price than short!

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Theres a 50% fib at 3323 which provided support earlier today and also a hammer on the 15min chart, not good place to short from be careful

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Yeah it def wouldnt help the economy right now, guess we'll just have to see what happens with inflation! Although nothing would surprise me if they were to raise them sooner! lol. Back to technicals and EU bouncing back off 50% fib at 3323, which ...

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Yes i think the same maybe right at the end of this year or more than likely the start of 2010, but traders might have started speculating this will happen sooner? Will be interesting to see if this USD strength lasts through to tomorrow

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Just to throw some fundamentals into the mix, were seeing some USD strength but stocks arent weaking that much, makes me think there is increasing optimism of US hiking interest rates fairly soon?? Any thoughts?

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Im getting well ahead of myself lol

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Indeed after 1.3 we got 1.27 then 1.25

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Money Flow, money flowing out of dollar (safe haven currency) and into equities

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