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Tweet By Jeff Pierce There is a major negative divergence between the percentage of stocks above their 200 moving average and what the Nasdaq is actually doing. Looks to be forming the right shoulder and this pattern remains intact.
Tweet By Jeff Pierce The Euro is starting to pull into an area of resistance on the daily chart and could start to head lower any day now. When you view the weekly you see a more “neutral” chart with a wedge within a wedge.
Tweet By Jeff Pierce Next stop could be the 2010 lows for the British Pound. The UK ishares needs to maintain support, as does FXE or else both could see aggressive selling.