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Wednesday 20 June 2012

SP500 - short term bearish

In the short term I see more downside risk. 1320ish would be my first target...Off for a nice Germany trip now - stay tuned! :)
Additionally, a lot of patterns are completed or close to completion like in the VIX chart and especially in the FX market. I wouldn't be surprised if the USD is slowly picking up speed again...although it is a crappy currency as well, no doubt.

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