Intraday Market Thoughts
Archived IMT (2010.12.13)
by
Dec 13, 2010 10:39
A CHARTS LOOK AT THAT EUR-SPX divergence http://chart.ly/3qujons The euros decline despite rising S&P500 is growing similar to the divergence prevailing in Jan-April (see 1st red circle) when EURUSD fell 15% and S&P500, Dow-30 and FTSE-100 rose 16%-19%. Could we expect further EUR declines to be followed by a catch-down in the S&P500?
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