Griffin
Well-known member
Obviously things did not quite go as I hoped in the international market since the OSM had a slightly down day yesterday, and are now retesting support, having given up all the gains from Wednesday. The upside is the dollar is getting crushed again (at least one thing I anticipated actually happened) and that may be enough to offset the sell off for little net loss.
As I mentioned on Wednesday, I expect next week's action to do the opposite of today. It was originally my intention to move to the USM today, However, with the dollar index now below 84.0, it is going to struggle to recover, and could be on the path to 81.0. Another day or two will tell the tale, but with the OSMs retesting support, I am going to hang in the I-fund for another trading day.
As I mentioned on Wednesday, I expect next week's action to do the opposite of today. It was originally my intention to move to the USM today, However, with the dollar index now below 84.0, it is going to struggle to recover, and could be on the path to 81.0. Another day or two will tell the tale, but with the OSMs retesting support, I am going to hang in the I-fund for another trading day.