“Life is accumulative – Either our errors accumulate to what we don’t get, or our wise decisions accumulate into what we do get.”
– Jim Rohn
All about Yellen today with the risk being that she pours a tiny little bit of cold water on this recent USD run setting up potential squeeze action. It’s going to very interesting to see how Friday flows decide to move. Naturally we are still very much focused on the action on GBP and other charts at key inflection points like XLF.
The reversal on EEM represents a beautiful example for finding the right way to express a general theme and patiently waiting for the levels and r/r to stack up for the trade. Overall, we remain in a choppy area but the action remains constructive for a healthy retracement.