With the holiday season upon us for the next month, internals data will probably be skewed, confusing, and not as reliable as they are most of the year. So I'm not going to depend on them as much, unless we see a huge spike in volume.
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Today's high seems like a good place to put a stop loss for aggressive bears. For all others, above 1277.55 remains a very solid stop level.
Prechter: "The Trend Is Exhausted"
The euro appears to be in a lot of trouble here. The gap from this past Sunday is still open, the RSI is diverging on the 4 hour chart, and today's selloff looks like a top is in. I'm aggressively bearish the euro with a stop just above 1.3550 for my short term trades.
The Trend is Exhausted
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.