The Nasdaq has soared to a new 2009 high, but is stalling with RSI in overbought territory. A false-break scenario is possibly setting up with a marginal breach of the former high registered in June. If MACD rolls-over it will mark bearish divergence and could coerce the index back below the 1865 mark, where a key fibonacci retracement lies (38.2% of the 2009 low to the 2007 high). If 1865 is maintained, however, the next key target is 2050 (50% retracement & double bottom measured objective.
The EUR/USD short position was trailed to cost in the North American session, but has been stopped out. The DXY position is still in play and it's stop-loss has been trailed to cost.
