August 27th 2014 – I remain long GBPUSD just under recent resistance at 1.66 and while I do see this market declining over the course of the coming weeks, I believe both this and many other markets are stretched right now and this is the reason for my long trade. We are oversold daily and weekly and I think a close above 1.67 would be very likely to accelerate a move higher tomorrow. I sold the FTSE yesterday again and remain short this market. I am looking for a move off all time highs in SPX…See More
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