Pre-open Wednesday 30th June
Aggressive Selling was marked on Tuesday. A red-at-bottom low usually gets tested the following day. Note the gap left yesterday.
First Level Resistance is 1073. I cannot consider the long side until I mark Effective Buying above that level.
ST Sentiment: My version of the Rydex Assets Ratio was slightly down from 1.47 to 1.43.
Supporting Charts (technicals based on daily Price Oscillator)
– USDJPY: last week broke below the 90.21 poc. Price Osc is falling.
? EURUSD: printing back above the 1.2133 major halfway level and is holding for now.
? UDX: Appears to be holding above the 85.14 poc support butPrice Osc is still falling.
– IEF and TLT higher with rising Price Osc.
imo these charts are mixed but indicate a bearish bias for equities.
