Some traders tell me they can do anything so I should not feel bound by asset class. Here goes.
After a multi-month rally in the anchors of the British Pound, I finally got somewhat of a reversal. One anchor flipped down and the market is expensive against its primary anchor [the Euro]:
The red indicator at the bottom is the key valuation of value.
On the other side of this, we have the Russell 2000 mini. It is oversold and its primary trend is up. My GARCH based forecast for S&P 500 volatility is bearish (=a good thing):
For every TF contract bought we must sell about three B P’s.
