DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, PROTEOSTASIS THERAPEUTICS, INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, SPDR SELECT SECTOR FUND - FINANCIAL
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BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Monthly chart showing exhaustion. But this is just a quick trade for about $1.50.
Taking a look at the aerospace sector
Coming out of a falling wedge pattern
I last looked at SPR in February when price broke out above the December 2014 high. At that time I was waiting for the earnings announcement and to see how price reacted to the $50 half-figure.
Price has continued to move upwards and the trend is beginning to look good. The latest earnings announcement saw price pullback to below the 50sma and retest the $50 ...
The uptrend for SPR is still a little erratic. It has been using the daily 200ma as support rather than the 50ma - so the pullbacks have been deep and prolonged. This has not made it easy to trend trade.
However, since breaking above the 2007 high ($41.72) we have seen a slight change in personality. Price did struggle at this level and retested the area three ...