Toscana

Toscana

I like the way it worked last week. Would expect same behavior inside this wedge between 1.1490 and 1.1720. To me the greatest advantage of wedges is a clear risk, which in this case might allow to trade both directions.

Toscana

Technically this green trend line looks solid but I would not rely upon it. In fact i would think that we are about to experience even tighter contraction period - this time between 1.05 and 1.07

Toscana

Basing on Safe Haven Demand market emotion is Extreme Fear today, but basing on Put and Call Options and Market Momentum - it is Extreme Greed. We've lost Volatility, got thru other strange things recently... Looks like the only thing left is to once have red $IWM vs green $SPY

Toscana

As planned got short at 1.0809 (stop 1.0822), and felt very uncomfortable while t's testing 1.082. But since it did not stop me and set a lower high there - still holding it, The idea (into bottom range at 1.05) is still in force.

Toscana

Absolutely best one. Now trades just under a trend line - maybe it's time for a little retracement

Toscana

The idea was a long position into 0.99, but it looks likeit's kinda slow to develop. I got long at 0.9806 but very soon did not like a shorter time frame price action - it broke down a recent uptrend and traded all along below VWAP. Got flat having in mind coming weekend. Still bullish on this

Toscana

For if it's going to test a prior high I'm gonna short here with rather tight stop and a target into 1.43. Gonna get my shorts filled at 1.446 - hopefully the price goes on spiking up similar to what it does within last hour.

Toscana

Here's what i watch. My expectations are more bullish than bearish - with the broad correction in everybody's minds. But technically for now the chances are equal to me...

Toscana

it was a steady downtrend since early Feb, so if it's a breakout then it's good place to trade it long. Recent 3 day upmove looks very solid.

Toscana

I think these two higher highs change the local picture, at least until it's close to trend line again

Toscana

There's lots of noise about yesterday's market move, which locally looked frightening, but thru the bigger picture lens it's just a routine. Probably closest support zone 228-230 will show us SPY real intentions. And volumes of course. For now I'd first expect it bounce into 237.50

Toscana

Good job breaking it out

Toscana

1.08 was what I've been expecting for some time, the core idea (conso in 1.05-1.08 range) is still in force. Gonna get short against 1.08 to hold

Toscana

i see lots of guys here waiting green buck to get stronger - to me i'd expect it breaking up rather then going down

Toscana

The only major sector keeps move on and on since post-election rally started. Showing no signs of weakness so far

Toscana

10yrs bonds ETF managed to stay above 118 - strong recent resistance. which probably opens the way for going into 119.50 and higher

Toscana Updated 

Hedge funds excepct a breakdown here. "The volume and breadth of the decline this week show that there was massive liquidation". We know well that the price is near trend lines anything might happen so it's time to watch it carefully. In case of downmove the target is gonna be at 45.00 zone.

Toscana

This flag just wait to be broken. Legs are getting shorter but 27 is what might be expected. At least...