The Straits Times Index has been in a rising channel for weeks on end now, the narrative is that when U.S. corrects = Fed RRR will decrease to the benefit of Asian markets. This is simply untrue as US economy is still on a good growth path expectation is that the STI will correct more violently in the near future.
All of these new facts have yet to be priced...
$TSLA short is in play
TD Sequential 9 on the daily, signifying trend exhaustion
Challenging the top of the BB implying increased chance of mean reversion
TSLA bond remains unattractive to buyers despite share price rising, a fundamental divergence to note of.
Chart ES1! for $SPX $SPY
1) CMF bearish divergence on the daily
2) Spyder 3 weekly resistance sits comfortably above, providing a strong resistance
3) Very low volume increases of futures brought on by $ES1! $SPX500USD will possibly be sold into
i) A $SPX pump into FOMC will force the Fed to stay the course, limiting SPX upside
Short on bounce
1) Two indicators at play here, firstly the daily TD sequential indicated a price flip from a red 9 to a green 1. However, it was followed up by a red 1 which is currently in play. As markets have already closed this red 1 is expected to continue.
Will be looking out for a red 2 below a red 1 for confirmation.
2) Additionally, purplish dots for the...
On the TD sequential daily, we are past a daily red 9. We are due for a slight green 1. On top of this CMF, is showing bullish divergence.
A relief bounce is in the works.
Indicators: TD, CMF
BTCUSDSHORTS on Bitfinex has been an indicator that we are looking at.
On the hourly it is currently on a sequential 9 and is ready to bounce , short counts are not significant to price level so traders need to use this as a proxy to price.
USD currently on a sequential 9 on the hourly, ripe for a long entry. Pending a green 2 above a green 1 to signify reversal. Would wait for a green 2 to confirm first.
Fundamentals are behind a DXY long trade due to Fed's QT and upcoming IRR increases in December, these two points establishes good tailwinds for a DXY long trade on major pairs.
Be patient, no...
The Straits Times Index seems to be lagging into bounces recently, Nikkei and SHCOMP has already bounced into their targets and are consolidating whereas the Singapore index has yet to find proper footing. At this moment the STI has gapped open and is heading straight into its 3W resistance at 3076. With little to no real support it is a prime short opportunity....
USDSGD long just got started, currently a Green 3 above a Green 2 on the daily. Previous highs topped at a Green 9 on the daily signifying a trend exhaustion which required a 1-4 candlestick correction.
1) Long USDSGD until Green 7/8 on the daily is observed
2) Take profit if a Red 2 below a Red 1 on the daily is observed
3) Continue to observe USDCNH
Green 6 on the hourly small break upwards, given that other markets hourly candles such as Nikkei and $SHCOMP are already beyond a green 9 on the hourly it signifies trend exhaustion and a red day is expected real soon. Macro view still remains very weak and as such might be a deadcat although a real bounce is not discounted.
1) Take profit & do not...
SPY short momentum has just taken out previous day's low. When seen on the daily, there is expectation that even lower lows will be set. However, for those that are looking to short it would be better to wait for a bounce back 277 for an entry. For those that are more aggressive. A daily red 3 has been set that is below a red 2. This signifies entry opportunity on...
After the nearly full body red candle on close, ES continued to set a red 9 on the hourly, traders should have been expecting a price flip on SPX futures however the current green 1 is capped by the red trend momentum indicator indicating minimum upside over the next hour. Traders can short ES1 at the resistance area at SPX 2673.