As FXI enters back into its previous range this could be setting up for a continuation to new highs. The previous range was over 4 months and this is the first retest so barring a downtown in global markets the index should at minimum see a bounce
Head and Shoulders bearish pattern on daily, below the neckline would be confirmation ($41). The november put/call ratio is 2.75! The fib retracement is at the .50 fib level. Keep on eye on this breaking lower . Good Luck!
Looks dangerous... breakdown below 3350 is spelling trouble in uppercase. MACD is not committed but has downside bias. Watch 3350 and then 3300 levels.
nice setup here long. watching for some upward movement. maybe some september calls. china is a communist regime with slavery, but price is going up so i must be long $FXI
Breakout direction will be interesting.
Have a great day
now perform the w-x-y wave the y wave have complete the b wave now perhaps perform the c wave target see the upper line and the 100% w wave
The next wave about to begin down in China? For obvious reasons this is a nice risk reward setup.
I continue to believe the risks are heavily skewed to the downside, a belief that has only strengthened as the Coronavirus's impact on the global economy has yet to show up in economic data. Best of Luck Next Week: - RH _____________________________________________________________________________________________________________________________________ Baltic...
... for a .98 credit. Notes: Selling a delta neutral short strangle in the first expiry in which the at-the-money short straddle is paying greater than 10% of the stock price.
EARNINGS: TWTR (66/54) announces earnings on Thursday before market open, so look to put on a play in the waning hours of Wednesday's New York session to take advantage of post-announcement volatility crush. Pictured here is a 16 delta short strangle in the March cycle with -2.88/2.95 delta/theta metrics and break evens wide of the expected move paying...