Hi Hobstas! 

Now that might seem like I am speaking of the market direction, but I am actually speaking of the Aussie Dollar versus US Dollar.  I posted on Sunday that I thought the Aussie was about to finish it Fib Retracement and head back down.  Well it peaked out on Monday and tagged the 61.8%  RL and that's when I dove in short. Now if you also look at the oscillator you can see the bearish divergence building on the lower indicator. The stochastics are rolling over and the DMI showing the bears are taking over. So I went in Sunday night a hair early but since then has paid off handsomely! :-)

I follow the AUD/USD as a indicator (one of my many tools) for the markets' direction as well. Now that's as long as it has decoupled but so far it is working well with my other tools. 

Now as far as the markets go today, the jobless claims were down 20,000 from last week (think someone fudged those numbers) heheh We are at a critical juncture, 1080 was broken in overnight futures, and now has pushed back above.   Looks as though we might fill the overnight gap down.  We could push higher back to the 1092 area before some selling kicks in. Another Doji today. Might be one.  The lower indicators on the 30 and 60 are in oversold territory so I wouldn't be surprised to see the bulls try to step and take the day. 

We shall watch the charts for direction. I am mostly short overall with a long Gold hedge. 

GLTA Peace Love Anna