Writing this on Tuesday 25th June, 6 hours before Jerome Powell makes his speech.
That orange diamond really should be a strong resistance there. It dates back from August 2013.
When we consider the news, there's really not much on the wires that should be affecting price to rally this high.
Yes, understood there's a mounting debt concern, trade wars and the Fed are due to cut interest rates. But it's not like market didn't know this already?
Should we close out the week above 1432, then we'll grind towards that 1500 target.
Note at the time of writing the SSI ratio is 38.4% long (fxssi)