A Foreboding End?

Closing decidedly down for the day and week the short term outlook for the market continues to be bleak.  Note in the following chart how the uptrend since March is about to be tested...and the test will come right in the long term key level of 1320.  If both of these support levels break, selling intensity will increase.

Following up to the earlier post about the Euro (relative to the USD), selling continued in earnest following the break of support.  I'm currently holding a healthy profit short the EUR/USD.

With today's trades, I've now increased my account more than 600% since the start of this blog in February (see the update at the bottom of the page).