On a monthly basis, the Australia stock market prints a pending bearish shooting star. The pending exhaustion is part of the lead-in phase of the bump and run bottom reversal. There is a high probability of a downside bump phase, that is notable for this type of pattern.
Here at the targets on GBP Next Plunge
Head and Shoulders Spotted in America's Largest Employer
On a monthly perspective, Corn, Soybeans, and Wheat have been ravaged by deflation in the agricultural space. Across the board .236-Fib will be our trigger on momentum long trades. As of right now, we’re watching the auction attempt to put in an unfair low by exhausting the sellers. Not confirmed, but alerts have been set.
On a monthly basis, GS prints at resistance of a 1×2 GANN. Whats interesting is that technical analyst have respected the 1×2 as resistance post 2012. On the flip side, 1/1 GANN acts as support, and piecing together both GANNs, we get the rhythm of rotations from support to resistance in this cycle forming an ascending broadening megaphone. So is this time...
via Thomas Buckley, “World’s Largest Brewer Says Craft Beer Market Slowing Down” The craft beer market, for years the lone bright spot in an otherwise sluggish industry, is starting to get stale. Sales growth is slowing, once-thriving brewers are laying off workers and the proliferation of new brands all competing for attention hearkens back to the dime-a-dozen...
Trump Hammers Biotech, Diamond Spotted
Turkey's ETF is in Free Fall, rejected .764 Fib
Turkey & Mexico's Stock Index Bottom BARR Reversal
Major Resistance in Oil Spotted .236 Fib (54 handle)
On a weekly basis, USD/JPY probes into resistance on a lead-in phase in the 118 handle. The Yen carry trade has been an influential source of liquidity for SPX, and we believe its about to unwind.
Will Money Base Negative Divergence limit upside in $SPX ?
Restaurant and Bar Index on a monthly timeframe has advanced +318%. The industry has been relatively stagnant since 6-01-2016 forming a bracketing structure. On 10-03-2016, a clean break outside print occurred on the monthly timeframe < 1×2 GANN. In recent months a failed spring up in December 2016 occurred with the print of a shooting star rejecting the 1×2. Rule...
Race to .764-Fib for US Retailers
4th wave in UST10Y to 2.13, then 5th wave starts
Technical Doom Imminent for Macy's. Use the 200 simple moving average as a guide for the next directional imbalance. Macy's is a barometer for US-retail industry, which signals cloudy outlook.
Miami Condo Prices in a Symmetrical Triangle