THE LIKELY PANIC PHASE HAS JUST STARTED IF 2696 IS BROKEN AND VIX BREAKS ABOVE 22.20
EURUSD Stay Long within the Parallels - then Consider Reversing EUR is trading up a similar channel to the one that DXY is trading down. Can stay long EUR here until the lower rising parallel (smallest on chart)supporting price is broken to downside at which point some will look to reverse short back to 1.2292 with stops above the same parallel once lost.
Bitcoin Coinbase Chart Update Bitcoin was hanging in the balance by 19:00 est/midnight gmt just before far Eastern markets opened and although it was looking in a bad way with the threat of an H&S top formation beginning to loom large above it we can never forget that this is Bitcoin. It's capable of amazing escape acts that make 'Prison Break' look lame and...
Bitcoin Update Still strong whilst within the new Parallels Having left the building (contraints of the last paralllel) last night Bitcoin went on a tear, nothing to hold it back now. After bottoming a second time at 13083, just under the 13210 next buy point and under the old parallel by 130 points...this would have stopped out the long from 13210 (in all...
Bitcoin Dollar BTCUSD Steadily grinding higher within the parallels Lost the track of this yesterday, getting precise angle of the parallels out by a critical couple of degrees. It meant the break of the parallel yesterday was out and so far no bears have dared to challenge this ascent. Very bad and it means that wins here on the day were severely eroded by...
NASDAQ 100 Index NAS100 One impulse wave travelling inside a second larger wave. The smaller wave begins with the end of seasonal summer doldrums towards the end of September, with two strong sections (or smaller waves) of 300 -340 points each with a third wave now in play from 6250 - and a fourth likely after that, before the thrust and power of this wave is...
BITCOIN: BTCUSD Never made it to the highs yet but has gone into a smaller continuation pattern just below them. Still looks good whilst it holds the lower parallel. But the big test remains at 2350.
Nasdaq 100 Index: Nasdaq has come back within the original impulse wave that's been driving it upwards since mid April and remains positive whilst tracking within the parallels. But that's no reason to get complacent here.
Gold has broken down and should hit 1201 next week. But in very near term it's staging a minor rally within what is now developing into a medium term downtrend. Levels to watch today. PLEASE check CRB index comment if you trade Gold. It will help you understand and stay on the right side of the bigger picture...