Market analysis from Herenya

Herenya Broker

Like the long here. Key resistance has been broken and some directors have been buying.

Herenya Broker

A break above the resistance cluster here could offer a good long entry.

Herenya Broker

Bullish momentum and break of resistance. Could be a long.

Herenya Broker

Break above the 200 day moving average and a break of the down trend...? Looking like a long to me.

Herenya Broker

Perhaps a double bottom at the end of a long-term down trend?

Herenya Broker

Initially I thought the the market would come down to test that 200 day moving average, and even now I think that is highly probable. Price action tells all though, and right now it's looking like SPY has broken higher. Does this mean the correction is over?

Herenya Broker

This setup is finally starting to work by the look of things.

Herenya Broker

Short trade on OMU going pretty well so far. Key support levels market on chart. They could provide some support, but given context of markets at the moment, I doubt they will hold.

Herenya Broker

Looking good for a long actually

Herenya Broker

Short trade looking good :)

Herenya Broker

Depends on how you like to confirm your trend changes... but this is looking like USD strength is coming.

Herenya Broker

Closed below the 50 day moving average... looks like some pressure on the cards here.

Herenya Broker

It looks pretty dead to me. Needs to take out Tuesday's lows though.

Herenya Broker

Last line of defense broken. Bombs away.

Herenya Broker

Ticking all the boxes for a short trade.

Herenya Broker

So far so good on the short trade.

Herenya Broker

Short trade from the wedge.

Herenya Broker

If this broadening pattern works out, it could lead to a longer-term trend change. Keeping an eye on this one.