DJIA is running hard toward the H4 gap as the video shows.
The S&P 500 is at a familiar support area and there is plenty of shorts to be squeezed ahead of NFPs.
Gold could be on the way down in mid-day US trade.
The index is attempting a short squeeze in a bear´s market, eyes on key support areas and a breakout of US session sell-off.
Bears are in the market on the front side of the new bearish trendline trying to take out yesterday´s low.
the price of oil has dumped ahead of the Fed on banking woes, China's economy slowing in sectors, and on inventory data. But, its also a technical sell-off, and the price is the front side of the bearish trend longer-term. However, it is breaking up in NY as support comes in and we could see a correction play out as the following video concludes.
UJ is dumping pretty hard and they may continue while being on the front side of the bearish trend. But all now depends on the Fed.
Gold is now moving into a consolidation of the bullish run, which could be a stop hunt ahead of the Fed. The thesis is bearish for the dump and we could be seeing a peak formation and high of the day put in ahead of the Fed.
USDCAD can run higher, but this is hard to get in involved with considering how high the price is already within the bullish structure and recent ranges. One might just want to sit back and let things plñay out as we are so close to resistances on both the daily and 4-hour time frames.
The Federal Reserve is coming up and this will be eventful for the Gold price. Personally, I don´t trade on Fed days. The volatility is hard to navigate and what looks like a good trade setup can be destroyed by the volatility and wild swings one way or the other. However, here is some analysis of levels and market structure.
EUR/USD pumped up for the fade in late equities hours in NY. No momentum so just took some low hanging fruit off the tree.
Gold burst out of the geometrical triangle for a long opportunity banking 7R in less than 10 minutes.
Shorted gold and GBP after the US data. The data was inflationary and there has been a build-up of it so we should see some explosive stuff today and \Friday
You can skip through the oil as the sound did not come out or watch it as it is self-explanatory with the drawings and the following side notes: ''Bullish above 79.30 alarm set. alarm set 78.67. hard to form a directional bias on this one...BIS in London's sell-off, but D1 longs still in control from LoD (higher low) and could turn out to be an FGD, first Green...
Here are some more setups including oil ahead of CPI
Just a quick update on GBP/USD heading higher in NY open ahead of CPI, looking for deceleration and a short after CPI
GBP. Yen and CAD setups walked through for the US CPI today, tick toc!
In this video I showcase the setups for selling into built-up longs in the NY session in cable and USD/CHF using SB strategy and an indicator template that I'm working on with rules...work in progress.