CAVEAT EMPTOR

Re visiting our 2 Calls from late last week / weekend ! GBP USD played ball and in true FX fashion pierced our support and held below for a number of hours before creeping back above in a 2 day bounce not even worthy of a lifeless cat ... This morning sees it under a little early pressure im expecting a fairly quick break down now (3/4 days) back through those lows and to begin carving out a new trading range in the mid to high 1.20's ... lets see ...

Perhaps more interesting is Equity land where our favoured short , the nasdaq 100 has broken lower and is as i write re testing the cluster of averages and technical levels in the 4390/4410 area (A on the chart) . This is the perfect re - sell area for a new and much more concerted fall ... Im still amazed at the total complacency of Longs even the brazen longs on twitter mocking the 2 day sell off as a blip and congratulating themselves on buying the dip again !!    Caveat Emptor  !