AUDUSD - Vs - SP500 - Serious Divergence
See the blogs post here Are we overdue for a correction? www.fatbeetrader.com...or-a-correction.html
The massive divergence between these two instruments signals a correction is on the way, i dont know which will move but I'm going to hazard a guess and say the sp500 will correct as opposed to the aussie dollar.
This is a long term play guys, so start thinking about quality long term stock you would like to add to your portfolio if we see the stock market correct lower, ie amazon, apple, google etc
The massive divergence between these two instruments signals a correction is on the way, i dont know which will move but I'm going to hazard a guess and say the sp500 will correct as opposed to the aussie dollar.
This is a long term play guys, so start thinking about quality long term stock you would like to add to your portfolio if we see the stock market correct lower, ie amazon, apple, google etc