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Market Sentiment

randholm
May 7, 2014 10:40 am / Published in * Trade Alert, GLD, GOLD, Market Update, SPX, SPY, USD/EUR

Market Sentiment

Sellers took control yesterday after the open as they did today. Now we are seeing some release but it might continue to test 1850.

Surprisingly the EUR/USD still trading above 1.39 and Gold is trading lower (helping the short position I have).  This shows that the selloff is not here yet, the dollar needs to trade higher short-term to ignite a real sell in US Equites.

In 15 min candles we can see the force of the bears that normally this force will be equal to the force to the upside.

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