Today another short update since I don?t have much new to add from previous updates.
Like I did yesterday today?s technical update begins with a brief look at the EUR, since “she” is the “mainstay” for an oversold rebound of almost everything.
If the EUR does not provide assistance to the Bull?s cause then forget about some type of a bottom for the equity & commodity markets.
But barring a crash overextended moves are usually at some point corrected adjusting the “tilt” of the abrupt decline.
Today the EUR daily RSI is at 22 while the Stochastic is at 5.
