Broadening Top S&P, Currencies and Crude

It looks to me that the currencies will lead the way here. The EURO, the AUD and CAD all look to break out above previous highs and the dollar looks read to plunge to new lows. GDP comes on Friday and all the other markets will be closed. I think currency traders might front run Fridays GDP report out of fear of missing out to the upside. If that happens then we can get marginal new high in SnP and a rally in crude. However if the rally into the GDP report happens then I think the GDP report will be a sell the news play.

Edited by hedgehawk, 27 July 2009 - 09:25 PM.

Megaphone top on crude, you just put in "E".