PrometheusCHT

PrometheusCHT

MACD crossover underway in USDMXN... Given the magnitude of the move in the Peso after Trump's election, it's reasonable to assume that any reaction to a Fed hike should be lesser vis other EM currencies given there's value here in Peso.

PrometheusCHT

Looking rather bearish given this interpretation.

PrometheusCHT

Coinciding with the breakout.

PrometheusCHT

Soybean Oil is breaking out to the upside... Credit to Peter L Brandt & Factor Trading for bringing it to my attention! Trailing stop 3.5x ATR.

PrometheusCHT

In an unmistakeable correlation, a higher short end of the curve means gold is relatively less attractive to own. This argument has strong claims on both reason and evidence... Hence, with a hikepending, watch for gold lower.

PrometheusCHT

Gold, Euro and USDJPY (inverted) all through key levels simultaneously.

PrometheusCHT

Gold might have a resistance to oxidation, but its price is malleable just like the metal. Lower.

PrometheusCHT

For anyone long bear in mind, momentum is turning.

PrometheusCHT

MACD has turned bullish coinciding with a potential break through resistance.

PrometheusCHT

Using the rule of 16 and the 1/3 trading days time frame, the following translations should be committed to memory: VIX of 16 – 1/3 of the time the SPX will have a daily change of at least 1% VIX of 32 – 1/3 of the time the SPX will have a daily change of at least 2% VIX of 48 – 1/3 of the time the SPX will have a daily change of at least 3%

PrometheusCHT

I'm not sure if a Head & Shoulders pattern is the correct interpretation here, albeit, a neckline is fairly visible. Further, the probability of its breach increases with every re-test.

PrometheusCHT

What holds the most information value: A falling Sterling post-Brexit, or rising Gilt yields? I expect to see this resolve in the direction of yields...

PrometheusCHT

This is arguably my favourite gold interpretation. Albeit, I consider Fibonacci to be pseudoscientific, so I don't weight the internal lines highly, except for the fact that they do appear to represent support and resistance to some extent. In any case, I think there's a reasonable case for gold to resume it's trend lower.

PrometheusCHT

Looking for the intraday breakdown... If my idea comes to fruition I think this could become a position trade. Seasonally November-December is unkind to pet rocks and paperweights alike.

PrometheusCHT

The gold/copper ratio has completed a 50% retracement of its uptrend after breaking the up-trend line...

PrometheusCHT

By extension of the reconvergence trade between EEM & HG_F, it's now worth looking at EEM vs DXY (inverted). If this dollar break-out ensues, it bodes rather negatively for EEM. One could reasonably argue the case to be short EEM on this basis.

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See linked post.

PrometheusCHT

Loose fiscal policy and tightening monetary policy - as Soros discovered in the period between 1981-1984 - is the ideal attendant conditions to see a large currency strengthening.