Tuesday, May 18, 2010

Macro Update - Trends & Ranges

Possible Blow off top in USD Index.

Possible Double Top in GOLD?

30-Year T-Bond is range-bound with scope of testing the highs - that's implying lower yields...

S&P 500 was rejected at the 50-Day MA Resistance - RSI and ADX are in confluence with he downtrend in the stock index.

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