Eyeing a move to $4000 and subsequent decline. Notice the similarities with 1969-1973: first ≈35% sell-off, ≈80% move up within upsloping channel, throw over and the trading range. Will update the post as it unfolds.
Gap fill straight into major weekly resistance for both $CL and $BR. Good place for a significant retrace.
Financial sector is leading the market at the moment but petrolium within industrials is also showing signs of strength. $BCT stock is in a buy zone: 1) Relative strength curving up on daily and weekly - potential outperformance 2) RSI in buy zone 3) Massive falling wedge approaching its apex, watching breakout today 4) Volume signature shows the presence of...
Fireworks and blood in the market in 3... 2... 1... $EURUSD $DXY
Another bearish wedge, something's cooking in chinese tech stocks. Can't believe we could finally see Weibo hitting $20. Massive support and buying interest there. $WB fundamentals have been pretty solid — will buy as much as I can carry.
$AMZN Price action has distributional characteristics and the gap fill looks like a good entry (LPSY in Wyckoff methodology) for a markdown phase. Next hourly candle should confirm or void the idea.
$ES bounce into 287x$ resistance looks super weak. Still waiting for 2650$ test - this one's crucial for the directional bias.
$EUR Bur is in it's last stages of re-distribution vs the dollar. Another evidence of global economic collapse that will start with the reserve currency exploding and devaluing major fx tickers.
See weekly chart in related ideas for macro context. Expecting $USDRUB to play out in similar fashion.
$BIDU looking pretty week. Waiting to short the bearish wedge breakdown.
$USDRUB futures is having hard time with that resistance level. We need to reclaim 78500 if we are to see higher prices. Still in spot long, but good place to hedge.
Bias: USDRUB: up. US Stock market: down.