One thing I was bothered with this morning was the fact that FXE (Euro ETF) was crashing while the SPY (S&P 500) was blasting higher ! I was wondering which one would catch-up with the other one later on today ! The SPY finally joined FXE and went crashing from $112 down to $110.20 in a heartbeat ! Longer term what is even more seducing for the Bears is the fact that FXE (Euro ETF) is starting to look like it is finally going to break and close below the support since the March lows... That would be a good omen for the Bears ! See how this fellow closes today .. hopefully below the blue line ! ;)
