The beginning of the BIG short !Another wave another short, a BIG short !
After the bearish confirmation with the break of the $3636 level on Sept. 27, the first bounce wave ended on Oct. 5, and the bearish acceleration on Oct. 13 with the lows supporting Fibo 50%, yet another wave of technical bounce is about to end. The opening short area starts at $3750 with a more important area between $3800 and $3815 (highlighted in deeper red).
More acceleration could occur soon due to a confluence of factors : inflation data, FED interest rates, quarterly and the 50/100 weekly moving averages crossing downward (Death Cross).
I will open SHORT positions in the entire area from $3750 up to $3815, with larger positions between $3800 and $3815
The long-term trend remains unchanged as from the first analysis on August 26, with a long-term target in the $2200 area.
Quarterly
Quarterly DXY & Fed Fund RateChart Shows quarterly DXY and Fed Fund rate, with macro shark harmonic. Terminal PRZ of T1 at 117, t2 125 region with t3 at 136-38. Would be nice to see consolidation at 115-116 back to 106-8 area as other nations begin intervention. As of this hour, GBP halted trading trading as it collapsed 3.25%
***harmonics are not a predictive tool, they are a phenomenon of interest we see in the markets but I personally have no data suggesting they backtest in any consistent or reliable way across asset classes.
Bullish Quarterly Outlook for the EURGBPEURGBP outlook for the rest of the quarter. Eliminating swing trades focusing on taking one side on the yearly trend style of analysis. Within trading I advocate for looking at trading from a much longer term view and playing day to day trades within the larger trends to capture maximum pips and lowering risk by locking in pips and not dollars.
EURUSD END OF BEARISH SERIESEURUSD outlook for the rest of the quarter. Eliminating swing trades focusing on taking one side on the yearly trend style of analysis. Within trading I advocate for looking at trading from a much longer term view and playing day to day trades within the larger trends to capture maximum pips and lowering risk by locking in pips and not dollars.
EURNZD Quarterly outlookEURNZD outlook for the rest of the quarter. Eliminating swing trades focusing on taking one side on the yearly trend style of analysis. Within trading I advocate for looking at trading from a much longer term view and playing day to day trades within the larger trends to capture maximum pips and lowering risk by locking in pips and not dollars.
TNX - 10 YR T-Note Yield - Overblown?This thing is way ahead of where quarterly money flows suggest it should be - I think it will pull back and consolidate 1.10 - 1.150 range. Also looks to be exhibiting the same post-crisis recovery that it followed after the GFC. I'm pretty sure all of these anti-fed pumpers were out there barking about it back then as well.
Also, Bitcoin (all cryptos) still look like crud, barely hanging on minus over 30% and still tired.
Stocks looking real good in terms of quarterly money flows. This recent pull back looks like profit taking to me (maybe another 5% down and reverse but I think we are near the end of the correction. Oil also holding up and actually creeping higher, suggesting demand remains (for now); again, we know that the American consumer IN 2007 - FIFTEEN YEARS AGO - was able to support $100+ / barrel oil. Today we are tickling $86 / barrel.
Fear sells. Listen to the data.
God Bless.
#GoChiefs!
#BA [Boeing Company] [W1] A Breakout or?NYSE:BA Has recently tested the weekly demand zone around 212. The stock been in a downtrend since March 21. Having looked at the broken descending channel, do you think we are having a breakout? Next few weeks will tell. Price last week has reacted to the lower wedge of the main channel that was created back in May 20 and the very long respected wedge that been extended since July 2007. This is a significant zone for this stock to react to the upside targetting a price around 290 : 300.
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$SPX #SPX500 [D1] Is targetting 5000TVC:SPX Trend's is solid and has just broke through a minor resistance. A retest back to 4644 is applicable to make its way to next target around 4730. Where we should see some slowness or even a decent correction. Any close above 4741 is a buy to target next level +4900.
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$DISH Is Approaching a significant ZoneNASDAQ:DISH Is approaching a very important crossroad. Watch out from November!
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