Holding long until 970 and 980, splitting up position.
Then Shorting 980/985 and 1000 1/3, stop 1036.28 for 1st target of 920 then 840.
If price holds 920 then I'll exit there.
Watch 950 there will be a large interest in shorts and bag holders looking to exit there, 200% extension + 50 fib, prior consolidation.
Using the 50Dma as a simple guide for trend, entry and exit signals.
We could be in the second iteration of an upward slopping trend that takes 2 or 3 months before breaking out to new highs sometime in November or December.
What I hypothesize is the following:
Clinton will win the election which will open the door to a deal with the Fed to finance very large infrastructure projects a.k.a helicopter money. This will create many jobs and importantly for the Fed and government wage increases, consumption, inflation and confidence with ...
The selloff in USD is coming into key support territory.
Keep and eye on these levels into today and tomorrow especially with USDJPY and the 100 psychological level.
Will be looking for USD long scalps into next week with Italy, Deutsche Bank, Brexit to name a few still hanging over the markets, I see no reason ...