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ITALY

EUFN: European financials are in danger hereI think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel support, we will probably see a rapid selloff. Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts. Good luck, Ivan Labrie.
NASDAQ:EUFNShort
by IvanLabrie
Italian referendum - News breakdownIn this chart I show you the key events and times of occurrence ahead of the news today. The US futures market will probably open with a gap due to opening after the polls come out, but there will be plenty of time to await the official results, so, the market might remain volatile and directionless before the results are out. I'd reccomend you keep risk small if trading into this event, either keeping positions small, or using very wide stops, since any gap through your stop could prove to be disastrous if levered, like has happened in the past, too many times this year...(think GBP flash crash, 'The Trumpening', Brexit...). I think we'll see a risk off rally, but I'm not entirely sure US equities will be impacted negatively (despite what many people think). Good luck today, Ivan Labrie.
FX:XAUUSD
by IvanLabrie
18
FCA GMMA ANALYSIS: POSSIBLE UPTREND WAITING FOR A MA200 REBOUNDGMMA crossover between 6.25-6.50 with strong momentum, with MACD in long position BUT RSI overbought way over 70 so opening a position would have been very risky... despite overbought price reached 6.79 before retracing so there was space for a gain but I thought there was too much risk for me buying with RSI at 74. A strategy could be waiting for a retracement on MA200 and buy hoping for a rebound that could lead price towards April highs and resistance; take profit between 7.10-7.20 and I would put SL under MA70 at 5.85. RR is 2.29 This is the first time stock closes over MA 200 in over a year, so that could be a good long signal using MA200 as a long/short filter and as a dynamic support.
FLong
by LordNelson