Alan's Trading Update

[Alan Rich Online 10]

The early strength is good news for the US market with an initial pull back taking out the days high.

 

The big money how ever will come in the next 10-15 mins. There is a big gap to fill on the SPY’s, if it ignores it and keeps on going it’s good for the market but just watch out if it rolls over and fills that gap.

 

[Alan Rich Online 10]

GBPUSD I’d get interested in it now because something is happening to it. Its got a more directional feel to it and the US market might do something with it.

 

However after promising an initial move from the pivot shown and a drop down this morning it went sideways so rather than keep on about it It I left it. Now its moving I’d put the ARTS system on it as it’s bouncing a lot stronger off the fib level we looked at earlier.

 

Below is how it promised so much and then did nothing. When it does nothing I’m not interested.

 

Now it’s moving I’m interested in it and I’ll follow it.