DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, SPDR S&P 500, ADVANCED MICRO DEVICES, INC., SPDR SELECT SECTOR FUND - FINANCIAL, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
The IEF ETF (inverted) is breaking below support and the US Dollar may be following suit.
Since we last posted this chart, GS has continued much lower, but is at KEY support at $151. The rout in commodities and the energy sector is putting downward pressure on the US banking system as there is a possibility that US banks that have loaned these distressed energy companies money, may not be able to repay their loans and subsequently US banks may take a ...
......we are in a bear market!
We posted this yesterday and following it LIVE in the trading room. Clearly a validated H & S pattern. Break and close below 1.5340 intraday will see more downside pressure on the pair. Good Luck and Happy Trading. www.tradinglegion.com
Watching these 4 instruments LIVE in the class, as what happens next will set the tone for unearthing profitable investment opportunities moving forwards.www.tradinglegion.com
Just finished the LIVE sessions for the day and I left the guys in the trading room with the EURAUD H & S as a final thought. Sit back, be disciplined and let the market come to you. Act swiftly and decisively on a break and retest of the Neckline IF it happens. HAPPY PIPPIN!! www.tradinglegion.com
There is a difference of 91 bars between the 2000 - 2007 tops in the SPX and if we measure the time distance between the 2007 - 2015 (2134 high) we get 91 bars again! Interesting,huh? Furthermore, if we take a reverse fib from the 2007-2009 bear market we see that the 161.8% Fib prints a reading of 2094. Interesting price and time relationships in the SPX.
I am still holding the contracting triangle wave 4 count as my primary count on the SPX until 1867 gives way. If 1867 breaks, then Wave D on the chart around 2116 is a truncated wave 5 and we will be heading much lower. All eyes on 1867!
I posted quite a few scary charts today but this one must be the SCARIEST of them all. The chart is the weekly stock/bond ratio and it shows us that AGAIN we are failing at the exact point as we did at the start of the Great Financial Crisis. Holy S***! Nothing more I can say really, apart from looking away and dusting off my crash helmet. Hopefully I and we, will ...
The Canadian TSX Index ended the week at 12445, which is a HUGE level, historically, in terms of support and resistance We have had a significant t-line break in the past few weeks and TSX bulls will be hoping for some kind of support at 12445. However, if we observe more weakness and the Index breaks confidently below 12445, then expect another brutal down-leg ...
Keeping up with the H& S themes in previous posts. www.tradinglegion.com
GS, AAPL and Smallcaps have formed MAJOR reversal patterns. Bulls better act quick before stops are triggered and margin calls occur. SCARY CHARTS!!
Another important chart for your watch lists. This and many other charts will be discussed LIVE in the London session tomorrow at www.tradinglegion.com
.....bond yields breakout. As you can see from the TNX chart in panel 2 of the chart above, despite the Fed's rate hike and attempt to move back to 'normalization', 10Y US yields still remain in a holding pattern. Therefore, one wonders if the USD is grossly overvalued at current levels and could be prone to a nasty selloff this year.
Start of the year and we have seen some pretty brutal selloffs! Happy New Year! Even though we have done pretty well in terms of gathering pips in the LIVE classes this past week due to the heightened volatility, we are VERY concerned about the future direction of the global markets. We covered the 'scary' charts in the LIVE classes from our 2016 chart pack, but ...
1.0950 needs to break confidently for more upside. 1.0800 MUST hold for the bulls. Break below 1.0800 weakens significantly the Bull case.
USDCAD 15mins chart. H & S present but T-Line support still intact. Break above 1.4122, voids the pattern and expect an acceleration to the upside into new highs. We are broadcasting LIVE our analysis, charts and indicators at www.tradinglegion.com
We have been monitoring this pitchfork in the DAX for years and is one of our key charts in our 2016 chart pack release, which you can get for FREE on our website (www.tradinglegion.com). Since 2009 we have seen instances were the over enthusiasm of the Bears has been met with a heavy handed response from the Bulls and the uptrend re-asserted. Will it be ...