SPX, CSCO, and the Euro Put In Bearish Candles Today 11-12-10, see SPX (S & P 500) at http://stockcharts.com/charts/gallery.html?s=spx, CSCO at http://stockcharts.com/charts/gallery.html?s=csco, and, the Euro at http://stockcharts.com/charts/gallery.html?s=$xeu. So, SPX, CSCO, and the Euro are probably still heading down. The five day Euro ETF (FXE) Lead Indicator closed slightly bullish today, see http://finance.yahoo.com/q/ta?s=^GSPC&t=5d&l=on&z=l&q=c&p=v&a=ss&c=fxe.
The Euro ETF FXE's dramatic volume spike today (2.688 million shares vs 60 day EMA at 1.676), see http://stockcharts.com/charts/gallery.html?s=fxe, is probably a bearish peaking volume spike, for the very short term upcycle that began yesterday 11-11-10. The Euro ETF FXE will probably fill today 11-12-10's downside gap/magnet at 136.07 on Monday. Ciao
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