IIFT Daily Note with Peter Brown

Risk Off

Posted by:  |  Time: 7:21 am  |  Topic:
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Did not take long but the bears are back with a vengence. Euro and S&P clobbered at close and in Asia. Back to old levels.

1.2625 is the key level on the Euro. S&P 1288 Gold 1525

Market should remain a sell on rallies as the bulls got taken apart on this latest move.

Sell any rally.

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