Up and away we go........ POP!

Is the rally over? Maybe... I am watching EURUSD closely as it has quite a bearing on the ALSH. I have shorted EURUSD over 1.47 with tight stops and will watch how things pan out. If this is the end of wave 2 then wave 3 down is only getting started and could take us a lot lower - ditto for the ALSH.

Interestingly enough the USDZAR is maintaining its upward trend as well for now. If this breaks it could be a sign that we are heading for new highs in the ALSH causing me to reassess USD strength and equity weakness.

 The ALSH rallied nicely today as expected putting on 1.45%. There probably is more upside in store for us tomorrow morning at least although lets see how things pan out in the afternoon.... I'm expecting a stalling out process now starting from tomorrow through to Friday and then down again. Lets see how tomorrow pans out and see if it goes according to plan...