IIFT Daily Note with Peter Brown

Month end could be volatile.

Posted by:  |  Time: 7:42 am  |  Topic:
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Have to be careful today we could see some volatility. Market has been this and after the big moves of late toady might be dangerous.

S&P has good resistance between 1418 and 1421 while the Euro top is 1.3050

Supports come in at 1407  and 1.2940

Market is getting increasingly nervous so the range could be large. These month end Friday’s are not for the faint hearted so give yourself a limited budget to trade with today. Wait for the direction to establish and go with the flow.

Strategically USD/JPY looks to have corrected and is starting higher. I do not trust month end so I will wait till Monday for this one.

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