There is no guarantee that my orders will be hit but I see this as the best way to trade the volatility resulting from the RBA event risk today. Retail is heavily biased long so a dramatic and most importantly continued move upwards is unlikely.
Sterling has three components working in its favor. First, the fundamentals, which show wage pressures are increasing faster than other G4 counterparts in US, EU, & Japan. Wage inflation is a strong predecessor to actual inflation, which is seen as the key component that will push the BoE, or any central bank, to begin raising rates. Second, the charts are...
Significant Global Market Changes may be occurring. The Key Reversal on 4/27 in Stocks remains notable. Thus, the 2126ish level is definitive Resistance. Recent Rebounds don’t change the preferred tactical pattern. However, downside should ideally be renewed shortly and, for a truly negative outcome, the lows of 5/6 at 2068ish would need to be revisited and then...
LOCKED IN PROFITS AND MY NEXT TARGET IS AT THE PSYCHOLOGICAL LEVEL AT .1.00000 RBA GOV STEVENS SAID RATE CUT IS POSSIBLE AND THAT THERE IS A 'VERY' GOOD CHANCE AUSSIE IS LIKELY TO CONTINUE FALLING. THIS IS A VERY DOVISH COMMENT AND I BELIEVE THIS WILL WEIGH ON AUD THROUGH OUT THE REST OF THE WEEK. ANY RALLIES WILL PRODUCE A OPPORTUNITY TO SELL AT A BETTER PRICE....
USD/JPY has slowly been inching higher towards 8 year highs with recent sentiment pertaining towards both the USD as well as the JPY. With anticipation towards USD interest rates later this year, traders are attempting to "front run" the FED in order to gain competitive pricing per the infamous "carry trade". However, strength of the JPY has also seemed to have...
The long-term trendline is in sight (thin blue line at the bottom), but we still haven't seen any major panic yet. I think this will happen when we reach the trendline. The dotted orange line is the bottom of the descending wedge we've been in since last year. Also of note is that today is a full moon, so this may be the day we see things reverse. The effect...
One of the great advantages to TradingView is the opportunity to see the market through many different individual’s unique perspectives. Each new perspective offers the opportunity to gain some additional insight and thus advantage. The concept being explored in this indicator is the disclosure of the sentiment of the traders in control of the current price...
From Woody Dorsey: www.sentimenttiming.com It is of note that stocks have gone nowhere for 6 days while generic optimism has continued. As I said last week, there is a local negative energy due early this week which has been threatening but has not yet become overt. Still the wide ranging bar from last Thursday offers tight risk parameters. If taken out on the...
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally. With bullish sentiment at 96% per www.sentimenttiming.com some type of pullback is expected. Good luck
IWM hit an important trend line that has been in place since July 2014. There are a clear 5 waves up and bearish divergences. Expecting some type of retrace down to the 114-112 and maybe even 110 area-before starting the Santa Rally. With bullish sentiment at 96% per www.sentimenttiming.com some type of pullback is expected. Good luck
The bullish sentiment is at 96% according to www.sentimenttiming.com That is short term bearish and the SPX hit the top of a potential expanding triangle. Short term drop to 1990-1970 would fit the price profile best-as the bulls still have the seasonality on their side. After the quick expected drop to the target zone-Santa Rally should kick in and levitate the...
With all the recent movement down I decided to do some sentiment analysis. I figured since people are becoming irrational it was time to look at it. Moving on to the chart. What I am trying to compare here is a few of the key points that we have seen in the market. If you have used Adobe Premiere Pro and tried to blur faces you would know what these key points...