icypopsicle

icypopsicle

As detailed in the chart. Target and SL chosen based on resistance and support. 50 DMA crossed 200 DMA on Sunday. Bullish.

icypopsicle Updated 

- Reopening of Chinese economy could save the luxury producers from dumping too low. - Strong revenue and P/E ratios. - Will enter the long at levels shown in the diagram, based on S/R and trend lines. - Will hold the stock from mid to long term. This is not a short term trade.

icypopsicle Updated 

- SPX would continue its general downtrend - The next key price level would be at the support of upward trend line as well as the 50 and 200 DMA - If broken, it could head down to 3800+ price levels - If the bias is right, we could see a lower SPX in the next few weeks leading up to the March rate hike

icypopsicle

- The better-than-expected UK inflation data likely reinforced market expectation for a 50bp Bank of England (BoE) hike for August. - Lackluster UK growth could limit BoE ability to tighten materially ahead – to the detriment of the GBP. - We target GBPUSD at 1.17 in 1-3 months’ time

icypopsicle Updated 

- EURUSD has strong downward momentum - If it breaks the downtrend channel, we could short it now to below 1.0000 which is also an important psychological level - If it bounces back up, we could short it at its resistance of 1.0360 if the downtrend continues - Need to watch out for next FOMC meeting end of this month to determine whether the interest rate persists

icypopsicle Updated 

Will the 50 DMA cross the 200 DMA? Let's wait and see! The prices has been really stretched imo, coupled with the supply chain issues in China and possible delays of products for its next launch. Apple might retest its 120-130 level.

icypopsicle

- Incoming rate hike next week would drive equity market and crypto market down. - There is confluence in S/R and Fibo retracement. - Price could rebound up to 1800 before going down further.

icypopsicle Updated 

- Dollar remains strong and Fed remains hawkish - Gold's price actions have not been an 'inflation hedge' this year - To watch out for tomorrow's US inflation data and July's fed meeting - Bearish on Gold as long as USD remains strong

icypopsicle

- Dollar stays bullish of the incoming 75/100 BPS rate hike. - China GDP Q2 0.4% growth, below forecasted growth. - China's exports continue to fall from the fall in demand globally. - We are looking at USDCNY possibly going back to 7.

icypopsicle

- Yield curve inversion of US2Y being higher than US10Y. Biggest inversion since the year 2000. Since 1955, equities have peaked six times after the start of an inversion, and the economy has fallen into recession within seven to 24 months. (Fed Chicago) - Yesterday release of US inflation data was a new high of 9.1%. - Almost guaranteed that Fed will raise 75bps...

icypopsicle Updated 

Bitcoin remains rather bearish as the current price stays below the bull market support band (20w MA and 21w EMA). It has broken the support levels in Jan/Jun,Jul 2021 and is likely to go down from here, possibly test the 20k level in the next few months. A trend reversal would require Bitcoin to break the resistance levels (orange) and get above the bull market...

icypopsicle

As long as the war doesn't come to a peace treaty and countries like Germany and Switzerland spending increasing budget on defence, Lockheed Martin would be churning out armaments like Javelin missiles or F35s. LMT might retest its strong resistance zone around 390-400 as the new support, or it might continue to trade in-range till a breakout towards upside or...