I1 peaks Thursday-Friday. Crude peaks Wednesday-Thursday.
I am short Euro on my count of a completed 5 of wave C from the 1.19 low. I am getting toeholds for what I expect to be the next deflationary wave. The orthodox top was 137.91, but it got a 3-wave up to 138.14, close enough to the top of the 4th of the 1st on the way down (138.18). My stop is 138.23.
The stock market is up within it's trading range. The DJ futures M/A continues to advance to 10,722 with a sell signal at 10,625.
I'm trying to avoid shorting these markets early, but the Euro is done on the upside.
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