Been Watching this sell setup for long time and the right shoulder appeared in very timely manner. I believe we may see some bounce back but eventually we will see trigger to breakout neckline. We may hopefully test February 2016 lows 1810.
I believe there are lot of fundamentals in favor for this sell off and the Macros are getting battered with economic...
Futures didn't get any higher after US Close. I am looking for a big short soon. Miight see a few bounces between this latest channel.
Rate Hike off the table, UK Out of Europe. Severe capitulation in most FX pairs - Down down 600 points.
This could be bad over the next week, maybe even sooner if some big bombshells get dropped.
GNW recovery play, Long at 3.08 as of 6/14/2016, target 6.50 or more by this time next year. GNW was hit by horrible guidance and earnings the previous year and is just starting to recover since the last earnings early May. It has stopped the bleeding in its LTC unit and is poised to make a turnaround. Rate hikes should help GNW as well. 82% of stock float is held...
Gold hit a near four week high early Monday, supported by weaker Asian stocks as investors turned towards safe haven-assets ahead of this week's central bank meetings and Britain's June 23 referendum on its European Union membership. We took profit on our long position at 1280.00. We stay bullish in the long term.
It is a sign of the caution that permeates the...
Addendum to previous chart.
1281- 1285 provides huge supply.
Break of rising wedge can lead gold towards around 0.5 fib 1235 retrace.
Dovish News can provide more strength to pull gold towards 1300 region.
We can see huge commercial short covering if retrace do not happen and this might fuel bull run even more.
IR hike can trigger fall towards 1150. If not then...
• Gold eased from three-week highs today as a recovery in the USD prompted some buyers to cash in gains after the previous day's sharp rally, though the outlook for Fed interest rates offered support.
• The metal surged 1.5% on Wednesday after below-consensus US payrolls data and dovish comments from Janet Yellen dampened expectations of an imminent rate...
As I show in this chart, fiber could go down till 1.11X till June. After that it will make some corrective structure that will end with a buy or sell on breakup.
Regards and happy trading!
short term move possible to bottom of the cloud daily/rate hike in june or july not built in/europe and payroll next week /volatilyioversold/look for volatility to come on/enter on one candle your time above close/use a tight stop/this etf moves quickly with vix/diversify and use small position/yellen words not heard well because of long holiday fomc on the...
The U.S. dollar went bid following rhetoric from Federal Reserve officials that a potential rate hike could occur in June, following hotter than expected inflation data.
However, after posting on pending technical weakness here, the dollar has retreated slightly over the last few days. Price action as traded neatly within a descending channel on the daily chart,...
