HughGRection

HughGRection

- As the first month of Japan's fiscal year, out of the past 12 April's, 7 have seen a drop, 3 sideways movement, and only 2 have resulted in a meaningful rise. - RSI is at an all time high in this range. - Where we are now will result in a negative stochastic crossover for this month. - Even a revert to mean will expose 90. - There is also really nothing left the...

HughGRection

- Near top of 4 year channel - At upper edge of BB - Closed last month with a doji and negative stochastic crossover

HughGRection

The GBPUSD is coiling up into a wedge that may be broken by the upcoming CPI release(9:30 GMT Tuesday), or it will more likely be able to hold off until the budget presentation(12:30 GMT Wednesday). I will be short on this one because: - Long term heavily negative UK fundamentals - It will most likely be capped by an approximately one month trend line -...

HughGRection

There has been a lot of resistance around 1.30. We might be about to see the next leg down though. Either way I expect a big move in the next 48 hours.

HughGRection

S&P 500: - Overbought RSI - Overbought stochastic closed with a crossover last week - Abnormally high correlation with the USDollar - At a 1 year minimum ATR These technicals along with America's politica climate(i.e. ongoing budget problems) , the EU's internal strife and disparity, and Japan's race to devalue the Yen lead me to believe we may be seeing a...