Sunday, August 23, 2009

"Out of the Box"

The Sideways Range Bound market of the last several weeks gives way to a Breakout.

Parallel patterns seen when side by side comparisons are made of the EUR-USD vs. S&P 500. This is apparently due to the "Money Flow" and "Asset Reallocation" from one market to the other.
Range Bound Box is broken with a Breakout into new high ground. This is very Bullish and would suggest a follow through this week.