Strong EURUSD bulls may have set up a really strong down move into new lows. The trend in this can be strong. Making it high RR.
What a difference a week makes. Through the week we've seen indices lose the gains of the year (most of them dropping to October sort of levels) in the US. Some markets have even worse performance, with the FTSE100 now under the lows of 2019. Through the fall the Dow bounces were astonishingly small. Even as someone who is highly bearish and expected to see...
Dow Jones continues to be weak. We have to be careful of strong corrective legs so we are best to use tight stops at this point, but these breaks and shallow corrections into new breaks seem like they may keep continuing. I am selling Dow and will probably add more sells into rallies. My target is 25,900 for this swing.
NZDJPY has sold off heavily. As we get down to previous lows there could be some reprieve in the selling bouncing price back over 71. Buying 68.80 w/ stop 68.60 and target 71.
That's one to the bears. Price hammered through multiple support levels. Daily 200 SMA broken across the indices. Large stop loss areas taken out. All we need now is a rally from a bit below current price around 25,500, and then a rally to around 27,500. This is where our big shorting opportunities come. If this happens and then we break the lows made here,...
NZDJPY has been in a fairly steady downtrend for a long time, and recently started to fall after retesting a long term trend line on the weekly charts. If the lows break the next support is 63, and if this breaks 50 - 45 area for next targets. This is a huge percentage drop on this with its current price at 70.
Huge breakout on the Dow. It will probably make a stop hunt run upwards and then set up a huge sell. I am buying now and will sell around my target. This has a lot more downside potential.
US indices and most stocks are now trading at areas that make little rational sense for them to remain at without there being big corrections. The questions at this point are when and how big are the corrections to be. VTI is trading slightly above the 1.61 projection of the 2018 fall. Above this area is where I get most interested in selling, but it is also a ...
I am closing my most recent sells on the Dow with a small profit and taking a short term buy position on it. It's starting to look like a double bottom is forming, and we'll probably see this up a couple percent before there is strong selling.
Gold has traded above the level I had as it's breakout level. It never traded above it long and it may be a false breakout and continue down, but buying a bit lower with tight stops gives a good trade. We can limit risk, and if it breaks out again a strong trend may be under way,
Breakout in crude after really sustained selling of oil. This could lead up to see a lot more downside, but it would be better for trading opportunities at the moment to just wait and see if a rally sets up a better sell.
SPCE has had an explosive start, but is now starting to look like it is getting into the end stage of it's first big expansion. The correction can hit this hard. Taking it down under 15.
The relentless selling of the Dow has taken it through another two supports without any retracement. I think it's highly unlikely it will continue to fall without retracement and am looking for supports in around 27,000. The rallies from here on may not the strong ones into new highs people have become accustomed to. We might start to see the highs getting...
Corresponding with what may have been the first break lower in index assets such as S&P500, Dow and VTI we've recently seen the TVIX breaking a shorter term trend line, and looks like it may run up to test a more important longer term trend line. Going long the TVIX at this price gives exceptional riskreward. More trades can be added if the trend line breaks.
I think this is the low of the week on the Dow. As an update on my previous forecast, I am now buying Dow 27,500 and stop 27,340. Target 28,700
After yesterday most of my recent forecasts are into profit, but I expect there to be some bounce back against them today. I am looking at a Dow low in around 27,700 and a high around 28,800. I am going to load up a new wave of sells on 28,800 and off load some profits now as we spike under yesterday's low.
Platinum may be entering into an uptrend after it has fell to a strong retrace level and now broken a long term weekly trend line. This may indicate we're in a bull market and using accumulation strategies targeting around the highs can be highly profitable.
Around 1,650 - 1,700 gold has its crucial resistance level. In this area it has some possibilities of reversing and a down trend could follow from that, but if it breaks over this area we will probably a new all time high in gold - perhaps finally touching the 2,000 level that people have long spoken of. I am looking for opportunities to use intra day trend...