Just a quick reminder that next week's Interbank FX webinar will be focusing on support. What better way to introduce support then USO:
Looks like 35 was the spot - we have moved almost 7% off that level in about 4 days.
The most recent webinar was on trends, click here for the link.
What better way to introduce that is the short term chart of the SPY:
Past performance is not indicative of future results
I could really use some bearish data from unemployment claims and CHPM tomorrow. I have a hard time believing that we will rally 5 straight days into a holiday weekend, but QE2 doesn't officially end until Friday!
In the forex markes, we had some big retracements in the GBP/USD and EUR/USD. The EUR/USD found resistance that was pretty clear and thus, was a fun scalp to the downside late in the day:
Past performance is not indicative of future results
Let's go bearish news tomorrow!
Coach Brian
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