whatever if A is 3 or 5 we must see c at 8500 level i think correction ABC still there
and we going down
Goingdown
Bearish bias for GBPAUDHello traders, we have seen bearish impulse during Friday trading season. As seen on the chart wait for the flag and than sell. From here on, we might go directly threw previous support or bounce for one more up as marked on the chart. Overall bias is to the downside.
Wish you good trading.
S&P 500 Head & Shoulders...Oh No...or Oh YES!!I have been in the bear camp due to the Fed's further inaction. Even though I am not a fan of Mr. Trump, he is 100% correct we are facing a bubble. The longer the Fed waits to act, the larger the bubble grows and the harder the markets fall in their split-second psychological reaction. The Head and Shoulders pattern could be the beginning.
Still would not be surprised if a September hike happened. If it is not now, it has to be December. The question remains, how much damage will occur if we wait until December.
This 58 day tight trading range is certainly not good, and its a clear sign investors are afraid to go long for much longer. If enough people prepare, they can be ready to profit from the next crash instead of becoming one of its many victims.
How far will AAPL drop from earnings?Following the cycle and adding rumored earnings disappointment, further support a drop in AAPL. The main question is how far. I feel confident the drop will make it to at least 102.20 based on some averages of current trend channel drops plus/minus buffer days/points. While it is around an 8% drop in stock price, the gains to be had are in the put market. Time to take advantage.
