PBR has been pretty hot in the last couple months with the impeachment and other court proceedings. However, I think it's due for a bit of a pullback. Will look to short down to previous resistance at around 7.50
We're going to test the trend line, looking for a break.
We hit the 61.8 retrace last night as shorts covered. Now, with money flow at extremes again, its time to short down.
If TL break on the 1h, long up to the 61.8 retracement. Stop at previous lows
I'll be watching money flow for a reversal around the 2100 area. We've tested it closely this morning, and if there is a break, its good bye all the way down to 2000.
Declining Wedge and Head and Shoulders Forming on DXY. Looking for breakout
Pulling for some dollar weakness here in the next few hours after JPY broke through
Using a tight stop, I want to go long if we break through the TL, hold up to previous day's highs
In now and holding up to 1336
enter at 65.50 with a stop of 65.80. Weekly options
Weekly option play, riding long at 760
Broke this morning, riding it down to support at 2170.
50 pips first target and 70 at second for this recent trend line break.
Pushing through 2178 will open up a short with PT at 2170 and 2165
Eurodollar has been flat for almost a day. Look for big movement to break out of the squeeze.
Wedge pattern forming. Looking for a short entry down to 27.
GILD has suffered over the past 3 quarters, but with a reshaping of its business, we could see them pushing up into positive territory again. Looking for a TL break and the momentum to continue.