Why I follow correlations? Well looking at correlations I see if there is something happening before the news are released. Right now, all major indices are up, Oil is up, euro and cable pushing down, the dollar index pushing up, the Usd/Jpy also up, the Aud/Usd should be also be heading down. At the moment aussi has massive sell positions from the retailers, extreme levels, this can be seen on the C.O.T. reports. Looks like an SL hunt or something else that we yet don’t know about.
Stay vigilant and don’t overtrade.