It’s Anyone’s Guess, But There Is A Trade

There’s no edge here, according to my latest poll, as we have just as many bears as we do bulls, see results below:

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I missed most of the action today, but I did see the weak attempt to ramp us at 3:30PM ET. The futures market has already wiped that small move away and we are now sitting at fresh lows on the day. If you look at the action in a few of the banks overseas, there is room for concern, indeed.

A good, smart, friend of mine says to watch the Euro here. He tells me to short it right here, right now, as if my life depended on it. I must say, I do like that $EUO (UltraShort Euro) daily chart, but even more so the monthly chart:

Developing…