Only partial signal tonight (5-19-2010)

Sir Pipsalot

Former FPA Special Consultant
Messages
511
No signal tonight guys... medium to long term outlook from yesterday's signal is still valid:

https://www.forexpeacearmy.com/fore...alots-tuesday-market-update-05-18-2010-a.html

EUR/USD still could go either way tomorrow and a sell on the rally makes sense as I mentioned yesterday, otherwise play momentum on the Euro as I described.

On stocks, we hit the sell zone perfectly capping out at 1144.75, and it's sort of a coin flip whether or not we'll get another bounce up in that region again, so if you're in short, great... rock it. If you're not in short, cross your fingers and hope for another chance in that range for a sell. The big key downside biasing level is around 1035-1040, so there's a lot of room down from here over the next few weeks, but if you can't wait that long, take some profits appropriately between here and there.
 
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