The S&P has had an extraordinary run in November. It has moved up 400 points from the low and now looks to have consolidated and waiting to drop. Here are the reasons we want to sell this pair this week.
1) Daily RSI is overbought
2) H4 RSI is overbought and there is a double top
3) There is a Weekly pattern to sell which reacted previously and now there is a...
Sell order at price 2852
StopLoss 2860
TakeProfit 2808
Risk-Reward-Ratio 5.3
Why open position
- breakout last high and stay near it
- sell horizontal level at 2853
- angle level to sell
The Paradoxical Risk-on/ Risk-off Asset positive correlation:
1. Risk off assets have outperformed to date, with Gold leading the gains at 28%, JPY following at 18% and US 10y treasuries Trading 16% up in 2016 - average at 20.5%.
2. Meanwhile, SPX trades 5% up since 4.1.2016 but more importantly, since 20th January lows SPX is up 15%.
3. this is significantly...
