GusHendo

GusHendo Updated 

'Risk free' REAL return v SPX divergences. There's a secret in there too...

GusHendo

Highlighted marks when 10y is in positive correlation. Most clearly recently since 10y made a H&S and came down. Rut has tightly correlated and followed 10y to new lows, while Nas has ripped (although the direction of moves in Nas uptrend has correlated.) Tech is in many ways a long duration bond- so should follow 10y notes and be inverse from yield. Rut is...

GusHendo

EURUSD, w. A study in 5y relative yield divergences and currency rates. When yields trend together USD tends to win. The interesting times are when there are obvious divergences. This is perhaps the main driver most of the time.

GusHendo Updated 

5 waves down of current move to complete at wedge bottom. Slightly odd waves and fibs but it seems to be describing the action. From there a pop up but I think still a bear market needing a lower low.

GusHendo

5 waves up completed and needing a deeper ABC correction. Don't be fooled by the bullish pop on Friday, I was for a while but it looks like a technical pop up from compression of the channel. I believe the wedge structure here will still end up being inverted and take price down to fulfil wave 5 1.272. The current wedge is highly characteristic of wave 4 corrections.

GusHendo

Targeting 450 or may make it to full fib extension.

GusHendo

Will the pair now break support and make a 5th wave lower or is the downward move a complex ABC after 5 waves up that is completed and ranging waiting to move higher again? There is also a possible bear crown formation marked here as a H&S pattern which would push price down. It does look like the pair is now in a downward channel. Otherwise, we are approaching...

GusHendo

I look for ABC correction.

GusHendo

Oversold falling wedge bounce at day 1.272 and weekly .236 or drop to day 1.618 at 0?!

GusHendo

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