Eurodollar Volume Quickpost (with some SPXUSD thrown in)
Before I go off to wage slave I have time for a quick post on the eurodollar, which as I said would happen, is going absolutely insane, if you know the implications. The volume today, with just about six hours to go is the highest volume all time on the eurodollar. The FED did an emergency rate cut and that is only marching the equities market on a quicker road to destruction. No doubt once again people will realize, and research the phenomenon of people using the extra liquidity to short the market even harder.
On the SPXUSD chart below you can see the blow off wick when the fed announced a lower rate cut, and that basically signaled the end of this uptrend as we continue down
This is a longer term trade for me. I am not going to close to we get to a monthy bollinger band lower limit. You guys do you, not financial advise and all that.
On the SPXUSD chart below you can see the blow off wick when the fed announced a lower rate cut, and that basically signaled the end of this uptrend as we continue down
This is a longer term trade for me. I am not going to close to we get to a monthy bollinger band lower limit. You guys do you, not financial advise and all that.
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