Dllew2019

Dllew2019

Still think one more leg up. Should touch 81.5.

Dllew2019

Some signs of a bounce on daily but weekly still looks bad. So avoid short term OTM bets.

Dllew2019

Everything is unwinding..... What a year

Dllew2019

Thinking it will go up tomorrow. Great time to load near close imo.

Dllew2019

Looks like it wants to go higher. But option trades should be triggered by b/o trend line. Otherwise, could be killed by continuation of the triangle. Stay patient or use equity.

Dllew2019

just feel bounce is week and line is broken let's see how it plays out.

Dllew2019

Looking at candles only. A & B combo are signs of potential bottoming. I'd like to use the recent doji low C ~23.52 as a stop for long.

Dllew2019

All look like ready for another leg higher.

Dllew2019

Still keeping the uptrend line has said enough. Hopefully next rally can give it enough cushion for second leg down.

Dllew2019

Looking at dollar. It really needs to rally immediately starting on Monday. Gold is forming a triangle but now I was thinking higher chance for breaking down first to 171-172 level then get back up. Both are on the verge. Stay focused.

Dllew2019

Keep a close eye on it for clues of coming development.

Dllew2019

Bond dipped below daily cloud does not look good. But when at the critical level, it is not rare to see bull/bear traps. So immediate reversal would give some positive sign for good R/R entry for bonds. Looking in connection with Gold which seem to be breaking out shortly. Gold rally would be turbo boosted by TLT rally and DXY fall. The latter does still look...

Dllew2019

But wait until b/o. High chance it will break out, but whether it can make new highs directly is not that clear. So either: 1. use short term options and take 2/3 profits when close to prior high 2. use long term and hedge with short term put when close to prior high Depending on your longer term view. The idea is: if prior high was the top, one should see...

Dllew2019

More upside next week.

Dllew2019

May play small.

Dllew2019

Look at the so called "HS" pattern. The bears can not get hammer it this morning. What does that mean? I would use 179 as a soft stop for long.

Dllew2019

Obviously if we close this week in this shape, ppl will expect a dive next week. Let's assume no dive for now. If we bounce here and close above 185, this will form a weekly bullish engulfing. This would be very bullish. However, I think the probability is not high given it is still waiting for 10ma to catch up. So, 180-185 is most likely for this week assume no...

Dllew2019

Not a bad area if you want to long. Worth the risk.