Good Morning,

Lot's of action today!

First, fundamentals. Earnings are still somewhat around and news "bombs" from around the world can take place at any time. The biggies this week on the calendar (that we can somewhat prepare for" are:

**durable goods

**initial claims

**CHIPM (check new orders and employment sub-components)

Technically, SPY support still holds:

Past performance is not indicative of future results

Intra-day, the SPY provided so many DOUBLE FALL LINE TRADES in forex. Here is the intra-day volatility with moves, countermoves and counter-counter moves:

Past performance is not indicative of future results

Moving into forex, there were numerous DOUBLD FALL LINE TRADES and even a PARALLEL TRADE. First the GBP, then the EUR, then the AUD:

Past performance is not indicative of future results

Past performance is not indicative of future results

Past performance is not indicative of future results

That's the quick wrap up today. Overall, I am looking for Europe or the jobless rate in the US to

worsen - whichever happens first could get us through the lows in SPY.

See you tonight at the Park City Trading and Investing Club

Happy Trading and Be Environmentally Cool

Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.