hweikang

hweikang

Looks extremely good. USDJPY has been on an upward trend, and notice it's a day away from its monetary meeting. I wouldn't hold it during that time, but that doesn't mean no volatility. I am watching for a possible breakout confirmation, and it's possible we see some pop as USD could gain more strength if we see any dovish sign from tonigh's ECB meeting.

hweikang

I am thinking about buying GBPUSD when it hits the lower bound & the lower lower bound. Buying a bit at first and more at the second support zone. But in the short term, I am waiting for a "buy the dip" opportunity. Selling a trivial amount to collect some profit, and buying more when it hits the support.

hweikang Updated 

Very neutral at this moment. We saw USDCHF is stuck between the previous support and the negative slope resistance. Yet, I am slightly bullish about this as the DXY has been placed very very low, and the index has climbed crazy (I believe you saw the news about Tesla going up 13 days in a row) which really made me think about the Dot Com bubble. I am cautious on...

hweikang

Looks like a support has been taking effect. Bullish in the short term, but we gotta watch for the previous resistance line, and I feel bullish about this ticker. The CPI will 100% determine if its a breakout or back to a downward trend.

hweikang

Looks like a head and shoulder formation, and can probably collect some profit from today's trading session, as the QQQ volume was low yesterday(weak buying), and no matter if this trend continues or not, a pullback seems logical.

hweikang

As labeled on the graph. Probably would see some more downside on AMD due to the index falling(which I expect to happen on Monday/Tuesday). But would probably see some gigantic pump happening once the earnings begin to happen which drags the overall tech sector up.

hweikang

Reached .786 level. Prices are labeled below. And let's see how it goes.

hweikang

Re-adjusted for the price levels. Close 2 trades from yesterday and will try to catch the iii wave today.

hweikang

New levels updated. Looking to engage at the .786 level. No rush on opening positions.

hweikang Updated 

.786 reached. Re-enter. Close the previous trading

hweikang

.786 Level hit. Updated with new stop and price target. Should see 3-4% drop soon.

hweikang Updated 

.618 Level hit since today's downside this morning. Looking to reenter shorts and all levels labeled in the chart.

hweikang Updated 

Just hit the top level yesterday. Looking to capture the first downwave's extension,

hweikang

I am seeing EMA playing around as resistance/support, but at the same time we just had a day with the lowest trading volume, but quite a big rise. Suspicious, and let's see if it's a bull rap.

hweikang

One thing that I pay attention to is the trading volume. You see, with such a moderate trading volume, SPY rose 1.5%. I think it's REALLY strange. Usually, with low volume, SPY ends up flat(which I mean, roughly +/-.5%). But this is really the "Special" one - low volume but BIG jump. I personally perceive that as a trap, as I am seeing NQ and ES are all having...

hweikang

Labeled every info that I am aware of at this moment. Time interval seems correct, similar retracement levels, etc... Looking to have some HUGE jump on VIX. Track the economic calendar and there would be some quite significant events happening soon.

hweikang

AS shown in the graph. Parallellism I guess? Analogous to the one that happened just earlier, and I do think short is good.

hweikang

Color Fib refers to the long POV, and the black fib refers to the short POV. I personally read the market as a .382 rebound. Seems bearish still for me.