Meanwhile, core longs are very green on expected relief. I did not particularly enjoy last week, but right now feel like I have this mess under control; and I don't mean from a bull-only perspective.
Back to the euro, FXE is breaking a channel but has support below. RSI lost support and this is notable. As long as the majority continue to actually believe in the utility of this paper or its beleaguered competitor the USD, the play remains open for people who actually want to make 'money', while deleveraging from the sad state of monetary affairs, to do their thing.
Put another way, the scores of conventional thinkers provide a platform for the out of the boxers to do their thing. So, thank you conventional thinkers.
Supposed TA post goes awry once again. :-)
Edit (11:33) Correction, also currently short SPY in one account, though holding open possibility of one more burp up to new highs.
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