few weeks ago I started sending mid-week updates on the Euro FX, Dollar Index and S&P500 e-mini futures to my Newsletter subscribers in order to provide additional information while thanking followers for continued interest in my work and support. In this post I am providing an example of such mid-week updates.
The mid-week update is mainly a 8 to 10min video in which I typically review the Dollar Index, the S&P500 and the Euro-Dollar. In the following example, sent out on November 7th, I touched on the possible divergence between price of S&P500 and the Euro-Dollar that could be shaping up. As weakness in the Dollar should return and the Euro should find support in the 1.2490-1.2630 area, we could see the Euro-Dollar and world indices start moving in opposite directions. You can find the mid-week update video (November 7th, 2012) here below. You may also want to read the related article “Will the US stock indices collapse?“, recently published on my Blog.
Although it happened in the past, we cannot know for sure the divergence will take place again this year. What I know is that we have an intermediate long price setup for the Euro and the possibility of a divergence. If the divergence takes place we should get the following:
- Dollar Index moving downwards (after it completed the current cycle higher)
- S&P500 (and world stock indices) moving downwards along with the Dollar Index (and not upwards as it would normally be when the S&P500 goes down, this would be the effect of divergence)
- Euro-Dollar cross moving upwards (in line with the indications of my trading method)
Notice that I will only post mid-week updates to subscribers of my Newsletter. Register for free here.
I send my free Newsletter on Sundays along with other information. The newsletter typically includes: a weekly review for the Euro-Dollar cross, my FibStalker View on Currencies focusing on Forex pairs, articles on my trading method, market commentaries and HFT/Program Trading. Please, register here to receive the free weekly newsletter.
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