We ended the late June to July 15 Seasonal trade with a huge bang... except Russell 2000 lagged terribly. Notice the potential rejection of the June close here along with the top rail of the big wedge.
Seasonality starts July 15/16 and Russell along with DAX are the worst performers.
Looking at the 1590 and the 1550 area on the russel index as a clue to help guild what direction to trade any of the other 3 major indices and the rut, so in between these values could be a choppy trade
Although I strongly discourage the action of shorting in my personal strategy this doesn't keep me from speculating on the possible price fluctuation of the index. Viewing recent recessionary signals such as the inverted yield curve, raising tensions in the US-China relation as well as US-Mexican relations I've come to the conclusion that there might be something...
If only every single trading day was like this one.
15 minutes in and I was able to call it a day. A very nice follow through right as I entered the trade, the market never looked in the opposite direction.
The thing I have to improve on is when I'm scaling out to maybe leave the last portion run a little more instead of setting a "hard target".
I already posted a weekly chart while ago.
Now this is the same chart with shorter time frame.
We have a very important short signal on the MACD, this is a confirmation that wave 3 has started and we will go down next weeks or months, I expect a very ugly down trend that will surprise many.
Look the weekly chart that I posted for big...
Hi there Greetings from Wave Trader and very very HAPPY NEW YEAR and have nice and and profitable 2019.
We are having almost 30 percent drop on US2000USD which is creating very nice longer term buy setup. There is lot of fear in the market but the price action we have seen recently that is telling use that soon this fear will be over and we will see bullish...