SP 500 and EUR/USD analogy - June 2011

TraderMood

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Pity the timeframes of the two don't really match, because I like the symmetries and the implications of both going higher this year

An elliott wave perspective for S&P since 2008 "good times":

sp-500-june17_2011-sil1.png

The Euro in the past 12 months or so:

eurusd_June017_2011-sil1-macro.png

Even though the Euro chart is shorter than the S&P one timewise, they could still converge towards higher levels on a medium term (6 months, basically the rest of 2011)

Cheers and happy trading,
sil (TraderMood.com)
 
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