Short market as we go through B wave consolidation
Wait for a clean break of the trend line we are sitting on .. if we go below 1242 SELL this market as we will test 1200 again.
short on a break through 40 ... DUFF company bid up by crazy speculators ...
SITTING ON SUPPORT LEVEL ... THIS IS THE PULLBACK BEFORE ANOTHER BAZOOKA GETS FIRED >>> BUY.
clean 5 wave decline down to ~1.5 .. subsequent moves suggest correction in force .. if this is a zig zag we go to 1.52819 ... then come down hard ... however this correction could be another type of correction which is yet to play out ... either way the big move will come on the short side
EWJ has pulled back to the neckline of an irregular head and shoulders pattern ...should be resistance here ... buy japanese stocks here with a tight stop. Fortune favours the bold
buy usdjpy here ... sitting right on the trendline .. would be a perfect place for a turnaround ... stick a tight stop 0.5% underneath ... great risk reward.
weakness reasserting itself in the gold market .. consolidation breaking down .. SELL. gold bugs are being squished!
break of 102 level should lead to a push in the mid 102s today ... then pause and an attempt into the 103s over the next couple of days ... BOJ wants this puppy to go higher ...
trend is still intact. momentum over the long term is still intact. bouncing off the lower trendline. wishful thinking or perfect opportunism :)
dollar is breaking out ... get long currency vs the dollar .... should put pressure on gold ....
as soon as we break into the zone indicated start selling silver short ... we are sitting right on the support line ... we are at the resistance line of the DXY (dollar index) aswell ... the two are highly correlated .. i believe both will be broken in the near term. this is a fast market so move should be quick and clean .. the way i like it :)
Support level broken .. small retrace back to this level on BOE commentary ... opportunity to smoke cable HERE.
HIT this market on the short side ... market came back to offer bears attractive levels to sell into .. use the opportunity!