S&P 500 Index SPX500 The last short got stopped out at even - right idea, wrong double top. Now it's fallen below the parallel that's been guiding this impulse wave since summer lows...it's trying to make a feeble counter-rally back to kiss the underside of the lower parallel before it falls away again to 2566-2564 range where it should make a rally attempt...
Brent Crude Oil UKOIL Update Had to update this position via original comment whilst embargo was still on, repeated here (sic): Hva etaken a short position with tight stop at 64.72 but ready to reverse, as above. High so far 64.62 - close but not hit yet. That has proved to be the high so far as the Opec meeting gathered. Still don't think it's too late here...
S&P Index SPX500 Short term double top/loss of upward momentum and now struggling below reistance at 2588-2590. A short term sell back to 2576 with stop above 2590 for 20 point win or 4 point loss
Bitcoin Potential Trade set-up for day traders and momentum traders: If it breaks above big resistance at 7151 and can hold for just a few minutes, it will move quickly up to the upper parallel and then come off again. a good trade with stops under 7060 if triggered. Until it can achieve this it's till vulnerable to further profit taking.
IBEX Index: IBEX 35 Update After getting long on the break above 10470 we got stopped out at 10525 for a small 55 point profit... Now this index has come back down to the breakout zone once more for what should be one last kiss before the rally recommences. It should find support between current values at 10362 and about 55 points lower, at 10310 at lowest......
GOLD: XAUUSD Been stooging around waiting for gold to come up to 1281-1283 range before shorting it - it came within 25 pips or so below here but never struck the sell zone before it fell away...now it's approaching the sell zone again but recent price action, helped by the Fed decision to hold off on another rate rise until December means that a short here is...
USDJPY The breakout to the upside never materialised. The upside target for USD longs here was at the 114.30-114.50 range. Frustratingly the high on Thursday was 2 pips shy of the lower end at 114.30. Close, but no cigar. Hope you were still able to get out close to the top though. We still need to see a break above 114.55 to go long USD again, but yesterday's...
GBPUSD Near Term - and Medium Term swing set-up Maybe about to get stopped out of the Sterling short trade here for a 10 pip loss (stop at 1.337) If so, it's a small loss at least - but need to cover the implications from here, if struck ... Sterling would then be likely to rally further by about 90 pips to 1.3475 - but intend to close down any near term longs...
DXY: Dollar Index Update Been waiting for DXY to come back to 94.28 at least, if not to 93.99 (and potentially a spike to an extreme low off the lower trend line at worst) before the Dollar begins its next surge higher... But it's putting up a fight at 94.45 in London today. It can still come off from around 94.70 mark though so getting the turn here is...
GOLD:XAUUSD Testing key support which if broken will trigger a short back to 1260/1259 where look to reverse positions again
USOIL: WTI The chart pattern is still negative but WTI is putting up a fight here at critical support levels - but it's likely to break down further soon
XAUUSD: Gold Friday was a very special day for XAUUSD: it broke above a six year long down-trend that's been in play ever since the high was reached in 2011. All it has to do on Monday is hold above that line and not get sold off - gold should then rally to 1301-4 range. But it also looks as if it could well push higher by about $90 or 7% from here once it's...
BITCOIN: BTCUSD Testing key near term reistabce at 2595 with an intraday high right on the nail. Now consolidating again. Trigger for next long is a move above 2600 for re-test of highs at 2752
DXY: Dollar Index now back under intense pressure. Any break below 96.70 should trigger the next wave dollar dumping. Prepare for aggressive shorts from here via USDEUR
USDEUR: USD in short term neutral, consolidating losses in a continuation pattern that signals more weakness to come. Trips and triggers for day-traders and swing traders
BITCOIN: BTCUSD Still looking good so far but has to break 2350 to stay that way. Stops for longs and next long set-up
BITCOIN: Really encouraging price action over last 24 hours has put the bulls back in charge for now...but the critical test comes at 2350. Only once this level has been breached is it safe for swing traders to enter longs for a retest of the highs
USDEUR: The dollar is still strong, despite today's set back. A good long trade set to open up soon