CURRENCIES
Let's talk about the Yen. Trading on Yen was particolarly difficult for swing traders in the last years since on a daily and weekly basis there was not a definite trend. The last move was really violent on the downside so there is space for an upmove. We look for a low risk point entry. The same for Euro / Dollar on the upside.
EQUITIES
Long on SPMIB40 (for a German trader it means I am long overnight on Dax futures). Dax is above all the previous resistances and it seems that it want to eat back the bearish Sequential on the last bar. We already have 2 closes above the price box and we can be quite sure that it will go up again. SP500 is also close to the highest high since years and this is a little threatening since we know from Larry Connors that on SP500 if you buy the breakout of the highest high you are loser: when the index comes against a strong resistence it always come down. Hopefully on Dax breakout still work.
BUNDOut.
