Nothing new to report other than yesterday brought strong buying demand to the stock market that signals bullish momentum in the near future. This will be negated if we get a sharp reversal today or tomorrow though. The market is rallying quite healthy, no divergences or laggers. I've said many times that the EUR/USD has been following the stock market and when it tops, so should everything else. The divergence between the EUR/USD and the GBP/USD holds true still, and the EUR/USD poked through a slight new high from December's completely what's most likely a flat correction. It could extend higher of course, but minimum expectations have been satisfied and I'm on alert for signs of a reversal, i.e. five waves down, sharp selloff, etc.
When the EUR/USD tops and reverses, it will signal that precious metals and equities have probably topped as well.
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