Messy daily and weekly price action but patience is key here. Look to the longer time frames for clarity. There's no sense in going long now when the better value may be waiting for confirmation that we're out of this chop and headed higher. But any gains in the Euro will be short lived I believe. The higher times frames like the quarterly and 6 month chart look...
Euro is not looking pretty and this pair shows it. Brexit and upcoming elections could further put the Euro into the trash bin. On the weekly we closed below a major trend line...depending on exactly where you put it. I see the small gain here as a value opportunity to get in and sell. Keep an eye on daily formation and we may see this pair drop hard soon. We...
S&P still showing signs of bearish pressure. We've blasted through the 50/60 ema and are flirting with the 1920 which has been holding since mid 2014. Seeing a nice curve top which could indicate a downward move that may brake this line. Also showing MACD divergence. If this heads down to the 200/250 ema we may be in a full pull-back. Looking at the monthly and...
