ManuTheBear

ManuTheBear

Be ready for a sharp wave 5.

ManuTheBear

Short USD trade is overcrowded. Watch for a correction soon.. actually I think its already underway. Expect a sharp correction as everyone get their stop loss triggered.

ManuTheBear

DXY approaching 95 is a big RED FLAG for stocks. Back to where we come from soon.. SPX 2200.

ManuTheBear

V bullish on DXY as per chart.

ManuTheBear

All is on the chart.

ManuTheBear

The pair reached a critical level on a 4h time frame. From here, we either exit the descending channel, or resume our way down to 1.21 - 1.22 (my view).

ManuTheBear

So far so good and all happening according to plan. The pair is in a clear descending channel and our target of 1.22 is in sight. We expect to reach it this week and book our profits. Happy trading.

ManuTheBear

Retracement back to the neckline of the head and shoulders pattern. Nice rejection of the neckline. See you at 1.22 next week :-)

ManuTheBear

Beautiful rejection of the neckline on the way. Still on track for 1.22.

ManuTheBear

Pull back to neckline, HSH pattern on 4h time frame. Pull back to ascending trend line after break. We can now resume the way down.

ManuTheBear

Break of ascending channel DONE, retest of 1.2675 DONE, positive news around Brexit DONE, USD short covering COMING - > we are going down.

ManuTheBear

Break of the ascending channel. Back to 1.22.

ManuTheBear

Bear market is on from 3,400.

ManuTheBear

S&P 500 should go down from here. However, Trump will do whatever he can to keep it up since all Americans are long stocks and he needs to make them money if he wants to be re-elected. So question is, is the bubble about to burst now or will Mr Trump surprise us again with some magic and manage to keep it running for some time?

ManuTheBear

Rising wedge about to break. Volume down. All is set for a short.