Tag: Countertrend

Forexlive Americas FX news wrap: Michigan Consumer Sentiment ruins the countertrend party

The markets continued what was started yesterday with stocks higher, yields lower, the dollar lower in early trading today. The retail sales data came in sufficiently mixed and suggested a slowing of demand...

Beware The Countertrend Rally (NASDAQ:QQQ)

The VXN made a fairly clear high within the space of 39/40 up to now a number of weeks, which coincided with the near-term bottoms made within the QQQ. That is regular...

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