Here we are tracking the market rolling over after confirming the 25bp cut. Bulls are truly exhausted and coughing at the highs, it is a screaming short across the basket... if you are not already in there is still plenty of time to work the offer next week.
Valuations are stretched, summer trading begins and therefore it is portfolio clearing time for all USD longs. Markets will start to price in another 25bp in September after Trump forced the hand once more.
Careful, it could continue the uptrend without actually leaving the channel. Just consolidate upwards along the top. That's what I'm betting.
byStoyan
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Thanks for sharing. What's your opinion about US indices after they dropped last days? Specifically US30 and US500. They moved down because of Trump's tweets and markets follow close recent US - China talks, but do you have any guts feeling for coming week?