Tried a couple times with my old format but the ads on the right kept cutting off the side of my pics.
Seems to be working fine now.
But ok these are the 3 main daily charts I'm looking at. The SP 500, EUR/USD, and light sweet crude
All 3 have dropped a decent bit the past week or so but the SP 500 is the only one that's broken out of the trendlines i have. The Eur/usd and Oil still both appear to be safely in an uptrend...for now anyway.
The SP 500 made a double top at a pretty major resistance line I had and there's a pretty good chance that was the high for the year. Hardly ever see triple tops tho so if it does make it back up there, I'd expect it to blow on past that area.
Always unpredictable tho. Several weeks ago I was positive we were going to stay between those green downtrend lines for a bit but we broke right out of them. I'm still eying a move down to 1220ish. If it does make it that far down, that might be a good place to buy.
No position now but a long around 1.40 to 1.41 may be a good idea. I'll see what happens the next couple days.
And oil should keep making that move up thru the summer unless some major news comes out