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!
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