weekend ponderings

The last XJO thread was getting a little too long.

If the USD holds against the CAD at current levels will go for a 200 pip rally.

Took a short scalp on the AUD for 30 pips. Likely to go higher if current level holds.

At face value seems that profit taking too control on wall street - VIX didn't back up the fall

SPX still very overbought;dipped below the 80% level which is usually a healthy sell signal.

Other than that not prepared to take new large positions either bull or bear.

Oh the anniversary of the 2007 all-time-high is getting closer according to my geometric squares chart it is anyway.

Enjoy your weekend!