SP500 - Neutral:
- No change, it is absolutely neutral both in terms of Ichimoku and Heikin-Ashi. Would be bearish if price breaks below 2150 equilibrium, would be bullish only above 2190. For now, it is just any trendfollower's nightmare.
EURUSD - Neutral:
- As discussed in previous post: Neutral, no trend in place.
WTI - Bullish:
- Bullish setup, but
- Finally Heikin-Ashi signals consolidation and possibly a pull back, as price reached first key resistance at 51
- Optimal buy zone would be 46,70-47,70
Gold - Bearish:
- Bearish break happened last week with strong momentum.
- price got oversold, haDelta reached an extreme low and made a cross back above its SMA3. Heikin-Ashi candle also signals a short term pull back is possible. How high we don't know, but that can be used for selling outright, or Sell some Call options.
- 1290-1300 is a stronger bearish support now, and also an optimal level to look for short entry.
What do you think is the ultimate driver behind these charts? I think increasing US yields are the reason for Gold selloff, and for halt in SP500. EURUSD fails to move in any direction because not just US10y bond sold off, but German Bund moved 20 bps higher too (trades at positive yield now).
WTI is obviously a different story, OPEC agreement was the trigger.
Bull market seems to be over for Bonds. Gold daily still looks like a counter bearish move compared to its weekly chart, where it has a very strong support at 1210. Stocks? I have no idea. SP500 trades at same level as in July, three months sideaway market. Not bearish, but further increasing yields will not support equities in the long run.
- No change, it is absolutely neutral both in terms of Ichimoku and Heikin-Ashi. Would be bearish if price breaks below 2150 equilibrium, would be bullish only above 2190. For now, it is just any trendfollower's nightmare.
EURUSD - Neutral:
- As discussed in previous post: Neutral, no trend in place.
WTI - Bullish:
- Bullish setup, but
- Finally Heikin-Ashi signals consolidation and possibly a pull back, as price reached first key resistance at 51
- Optimal buy zone would be 46,70-47,70
Gold - Bearish:
- Bearish break happened last week with strong momentum.
- price got oversold, haDelta reached an extreme low and made a cross back above its SMA3. Heikin-Ashi candle also signals a short term pull back is possible. How high we don't know, but that can be used for selling outright, or Sell some Call options.
- 1290-1300 is a stronger bearish support now, and also an optimal level to look for short entry.
What do you think is the ultimate driver behind these charts? I think increasing US yields are the reason for Gold selloff, and for halt in SP500. EURUSD fails to move in any direction because not just US10y bond sold off, but German Bund moved 20 bps higher too (trades at positive yield now).
WTI is obviously a different story, OPEC agreement was the trigger.
Bull market seems to be over for Bonds. Gold daily still looks like a counter bearish move compared to its weekly chart, where it has a very strong support at 1210. Stocks? I have no idea. SP500 trades at same level as in July, three months sideaway market. Not bearish, but further increasing yields will not support equities in the long run.
