Tuesday Update

My system moved lower yesterday to +1350 putting the sell signal on and then moved lower today to +1325 confirming the sell signal. That said, it almost looks like it's too easy to bet on the downside with my system giving a confirmation way up here at +1325 and a double top at the +1400 level. Tomorrow, the retail sales number is likely to dictate action one way or the other. If there is a surprise rally, it can only last a few days once +1400 is broken. Even though equities seem to be contemplating a plunge, the currency market is not playing along with this notion as the Dollar continues to dive lower after breaking its 200 day SMA. All the risk plays such as the Australian and New Zealand Dollars are holding up very well even with the recent equity weakness. However, I will be shorting these currencies if equities follow through with this sell signal tomorrow.