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Here's a quick look at what's on techncial analyst Chris Kimble's mind this morning.
Chris comments: The Euro/Yen has been a great leader of the S&P 500 index, in both directions.
This morning both the Euro/Yen and 500 index are pressing against the top of the trading ranges.
I'm not too impressed with the way the pattern is looking in the 500 index.
I suggested going long on August 29th here due to the Euro/Yen behavior. It's been a good 17 days, up 7%, yet protection is needed right here with a tight 2% stop!
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