Usindex
DOW JONES WEEKLY UPDATE (01/01/15) Dow Jones ends the year with slight bearish note.
We will be having first NFP of 2015 next week. So, I expect a pretty volatile week.
I am Bearish on the index with 17880 as upper resistance, and we will have resistance again at 17040 level
Resistant: 17880, 18050, 18270
Support: 17040, 16353, 15807
USA BUBBLE (s&p futures) VS USA NO BUBBLE (treasury)USA Bubble: Real GDP - S&P Future (excluding the dollar revaluation) = -112%
USA NO Bubble: Real GDP - Treasury 30y (excluding the dollar revaluation) = +2.4%
data up to 10/2014
THE TREASURY 30Y SEEMS TO REFLECT THE PERFORMANCE OF REAL USA ECONOMY , THE REDUCTION OF YIELD IS IN LINE WITH THE RISE OF REAL GDP AND THE STRENGTHENING DOLLAR
***US$index LONG SET UP***1. Bullish Wolfe Wave pattern breakout
2. Broke and closed above Weekly Swing high
3. Price Action indicating that it will test the Fresh Supply at handle 96.56-96.89
4. This is a continuation of the trend
We should see $ strength in March so I will be using this analysis to my advantage on $ pairs like GBPUSD, USDCAD, USDJPY, and AUDUSD. I am not very certain about EURUSD because the Greece issues are causing this pair to move abnormally.
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