Wednesday, November 23, 2016

M11 Signal, M11 World, FXE prospects......11.23.16

Top matrix is the current market signal and below that a M11 world model in anticipation of BOA suggested paradigm rotation in 2017.
Then we have the current FXE (EURO) ETF) chart showing that FXE has finally broken long term support ...down from a triple bottom formation today with odds of going lower.
Finally the FXE Ponzo chart as of Monday's close. Things don't look bullish for the EURO.
Just some price dynamics to ponder over Thanksgiving and beyond.  
Have a Happy one!