As you know, I follow EUR/USD closely, and I'm noticing something strange.
The EUR/USD is shaping up terribly bullishly. I mean, just look at this pattern:
That is a thing of beauty! At the same time, look at ES:
Something is out of whack here. Is the ES going to "wake up" and start behaving bullishly soon, or is the EUR ahead of itself?
I'm kicking myself for not holding on to my DIG and GDX, because not only did they do well again on Wednesday, but the EUR action indicates they will continue to do quite well. I'll be on the hunt for good energy plays this evening. I just wanted to point out the curious disparity between how those two important instruments are behaving late this night.
