I'm going to time the top of crude with the top in the Canadian $. It is very clear where the Canadian $ will retrace to so i'll use that level for reference then look for clues of a top in crude. I'm guessing 105 area as its a nice round number.
Some sellers have come into the market and if prices can push higher to stop these sellers out, i will be interested in looking for a short.
SORRY THIS GRAPHIC HAS A PROBLEM I WILL FIX IT SON Since actual trading levels of S&P are close to the support line and actual VIX Index quotes are far away to the top (Green Circles Level), would be better to expect another S&P bottom in the VIX's mid level (Blue Circles Level)??? I'm trying to understand this VIX/S&P Ratio behavior, so i look forward to get...
The divergence in the RSI, coupled with the near perfect shooting star pattern leads me to believe we're headed lower in the near future.
The Technical indicater such as MACD, Stoch and RSI are loosing momentum. We had a double bottom, but now, it appears that we are on the eve of a double top. If this is confirmed, then, we may see a move with first stall point at resistance 9750 and around, then a move downward to 9490 and 9100 may be 89XX. Just an idea and a scenario we should think about.
with a target of the top of january bear trendline, the path of least resistance has us currently inside the 4hr cloud. Upcoming 6hr cloud is above from 447 and is thinnest in the short term. We need to break this channel up with some gusto to reach the bear channel line around 465 by May 10th. Then the slide down can commence
Japanese government has carried out QE for nearly two years. QE should have brought trade surplus. But that would still leave a trade deficit. It is known that Japanese is export-dependent economy. BOJ do not carry out more QE recently. In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level. ...
The SPY made a higher high on the 4th despite a lower stochastic reading, and now that we're going back up again I'm watching the levels to see if we can break through. No real trade off of this just yet, but I'm really curious to see what happens here.
Bit far fetched, but many indicators come into one play of forming a top in May. Point by point 1) After edging up on the sale support as before after making a new high, Nasdaq composite gives room for a head and shoulders formation. Top would be in May if this holds true. 2) RSI, Stoch and MACDcan all be traced with following the patterns to top in may should...
As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly...
Consolidation of uptrend will probably try a new push on top