Emerging markets on a SELL configuration.

This typically has meant concurrent SPX short term tops and near $USD short term bottoms for the past year or so. It could be a correction of the recent blast off, regardless, very recent shorts will be rewarded in the next few days. SPX should go to 930 minimum. GS.

This typically has meant concurrent SPX short term tops and near $USD short term bottoms for the past year or so.

It could be a correction of the recent blast off, regardless, very recent shorts will be rewarded in the next few days. SPX should go to 930 minimum.

GS.

I'm having a strong SELL signal though many believe this market is bulletproof. The currency decoupling which is going on right now is not a good omen.........

Edited by redfoliage2, 27 July 2009 - 06:22 AM.

This typically has meant concurrent SPX short term tops and near $USD short term bottoms for the past year or so.

It could be a correction of the recent blast off, regardless, very recent shorts will be rewarded in the next few days. SPX should go to 930 minimum.

GS.

I'm having a strong SELL signal though many believe this market is bulletproof. The currency decoupling which is going on right now is not a good omen.........

Hi RF2

how do you assess a currency decoupling?

Thanks heaps, gis

This typically has meant concurrent SPX short term tops and near $USD short term bottoms for the past year or so.

It could be a correction of the recent blast off, regardless, very recent shorts will be rewarded in the next few days. SPX should go to 930 minimum.

GS.

I'm having a strong SELL signal though many believe this market is bulletproof. The currency decoupling which is going on right now is not a good omen.........

Hi RF2

how do you assess a currency decoupling?

Thanks heaps, gis

Right now USD Sept future is down 0.315 and ES flat and weak...... This is a strange thing in the recent currency exchange rate dependent rally. Es dropped thru its immediate support while USD was dropping pretty hard. Very strange indeed! Now let's see how ES does at the next support 975.

Edited by redfoliage2, 27 July 2009 - 07:05 AM.

$tnx bumped up pretty good too--should rally

http://stockcharts.com/h-sc/ui?s=$TNX...id=p41751373683

http://stockcharts.com/h-sc/ui?s=$TNX...id=p41751373683

Edited by snorkels4, 27 July 2009 - 07:54 AM.

What "sell configuration" are you referring to? IT

EEM Daily Stochastics rolling over, Daily RSI mving down breaking its uptrend line, all 60 min indicators topping with negatoive divergences, etc. Its twin, EEV showing a buy signal... GS.