1:15 p.m Covered SPY sliver short from 95 at 93.7.
5:40 p.m Been a bit busy to check in intra day. Anyways, the Jun 6th week cycle highs is still intact, but we have been bouncing inside a tight trading range, meaning what we are undergoing is a time correction and not a price one. When this time correction is over, we may have another shot up challenging the 50W moving average. ~96 on the SPY. TBT is in its last legs of the rally. As for currencies, we want to see another rally in FXE. We will reload our DRR there again and hopefully hold it till the end of the year or so. We believe the dollar index can hit 90-100 by the end of the year.
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