Good Afternoon,

Fundamentals don't pick up until tomorrow.  Technically, I posted 3 support lines yesterday. Guess what? Today, we found one. We found that 1640 support level and bounced back up to another support area (where we close) at the 1650 level. Will we actually have two negative performing weeks in a row in the SPX? Or will the buyers step in to take us to new highs? Also, what is it with Tuesday's? Anyone ready for a down Tuesday? CNBC won't know what to do with themselves!

Regardless, the larger trading ranges in equities gave the USD/CHF another above average trading range. To bad the BUFFALO BOUNCE occurred prior to the "go time":

Data Dissemination Time!

Past performance is not indicative of future results

Should be interesting technical trading over the next two days as we get a bit of data. Now the quesion is, what does the data mean for interest rates. That is where the real trading decisions will occur!

Happy Trading and Be Environmentally Cool

Coach Brian

Source http://www.fxstreet.com/technical/analysis-reports/trading-opportunities-intermarket-relationships/2013-05-29.html



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