Broad Market TA. 26 May 2019.
Updated
Oil
> Not in an uptrend anymore
> Expecting it to go down but not in a straight line
> Not biased towards holding past the next resistance
> A buy but not yet, maybe in a few days
Price would decline like this:
Gold
> In a downtrend but a weak one
> Wall street cheat sheet
> I do not want to touch it yet
> Wait, and look for a buy around $1200
Copper
> In a downtrend
> Do not want to short
> Close to support area & almost full retrace
Grains
> I smell fear
> Absolute bubble starting (again)
> Can end at any time
> Not sure how to enter right now
USDJPY
> Waiting for the downtrend to continue before I consider entering
> I see no buy. Chart is just not interesting just like EURUSD
> If we start going down it will be interesting
Brexit
> I smell fear...
> In a downtrend but extended way past its moving averages (emotional move)
> Waiting for things to calm down before shorting
AUDUSD
> Reached multi year lows
> Waiting for a pullback higher and then I short it
> Big downside potential but also at a support level bulls might defend it could spike higher
> AUD minor pairs same story
USDCHF
> FOMO crew is trapped after the fake break & in complete denial
> Expecting a flush of bulls that cannot admit they were wrong
> Probably V shape recovery after a large dump, around the lows of the running wedge
EURJPY
> Missed it, now I have regrets for the rest of my life (jk I am not a crypto investor)
> Expecting the downtrend to continue
> If the selling continues a while and we extend, I will short on a new pullback
EURAUD
> Euro not convincingly going down, australian dollar down down down
> This could be the start of a beautiful uptrend
> Will buy a leg down, if the FOMO community will let me
GBP Minors
> I see only red except GBPAUD
> GBPCAD bouncing, rest all down
> Interested in going short
NZDUSD
> Another sucker's rally potentially
> Wait for it to stop for a day or two
> This could be a big bounce, so patience is key
EURCHF & EURNZD
> Just a little lower and I buy
S&P 500 & Bitcoin
> Still keep going down, the FED I think has hopes they can contain things until the economy catches up
> Good luck with that
> The uptrend is DONE. Trade war news are awful.
> Bitcoin big FOMO rally "quick I have to buy as fast as possible" has calmed down
> Bitcoin went up because of some MA cross & trendlines. It's now priced in.
> Not in an uptrend anymore
> Expecting it to go down but not in a straight line
> Not biased towards holding past the next resistance
> A buy but not yet, maybe in a few days
Price would decline like this:
Gold
> In a downtrend but a weak one
> Wall street cheat sheet
> I do not want to touch it yet
> Wait, and look for a buy around $1200
Copper
> In a downtrend
> Do not want to short
> Close to support area & almost full retrace
Grains
> I smell fear
> Absolute bubble starting (again)
> Can end at any time
> Not sure how to enter right now
USDJPY
> Waiting for the downtrend to continue before I consider entering
> I see no buy. Chart is just not interesting just like EURUSD
> If we start going down it will be interesting
Brexit
> I smell fear...
> In a downtrend but extended way past its moving averages (emotional move)
> Waiting for things to calm down before shorting
AUDUSD
> Reached multi year lows
> Waiting for a pullback higher and then I short it
> Big downside potential but also at a support level bulls might defend it could spike higher
> AUD minor pairs same story
USDCHF
> FOMO crew is trapped after the fake break & in complete denial
> Expecting a flush of bulls that cannot admit they were wrong
> Probably V shape recovery after a large dump, around the lows of the running wedge
EURJPY
> Missed it, now I have regrets for the rest of my life (jk I am not a crypto investor)
> Expecting the downtrend to continue
> If the selling continues a while and we extend, I will short on a new pullback
EURAUD
> Euro not convincingly going down, australian dollar down down down
> This could be the start of a beautiful uptrend
> Will buy a leg down, if the FOMO community will let me
GBP Minors
> I see only red except GBPAUD
> GBPCAD bouncing, rest all down
> Interested in going short
NZDUSD
> Another sucker's rally potentially
> Wait for it to stop for a day or two
> This could be a big bounce, so patience is key
EURCHF & EURNZD
> Just a little lower and I buy
S&P 500 & Bitcoin
> Still keep going down, the FED I think has hopes they can contain things until the economy catches up
> Good luck with that
> The uptrend is DONE. Trade war news are awful.
> Bitcoin big FOMO rally "quick I have to buy as fast as possible" has calmed down
> Bitcoin went up because of some MA cross & trendlines. It's now priced in.
Note
We might be able to predict the future here... o.0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.