Hmm, looking very toppy for me to get in on any long, with PA banging, as it is, against that ascending green fan. Indeed, dropping down to the hourly charts shows either a double top against this fan, or the retrace back up to what the first time around was resistance.
Pivots bunching up as well...
FOMC coming up, I know, but Merkel already hinting at Euro bond capitulation, and irrespective of today's German court ruling that German fiscal laws have been broken, the Bundesbank have intimated that they will support a 600 Billion Euro rescue package for Spain and Italy.
Pivots bunching up as well...
FOMC coming up, I know, but Merkel already hinting at Euro bond capitulation, and irrespective of today's German court ruling that German fiscal laws have been broken, the Bundesbank have intimated that they will support a 600 Billion Euro rescue package for Spain and Italy.
Author of: For Pip's Sake! (Available at Amazon... :-) )