WhiskeyTangoFoxtrot3

WhiskeyTangoFoxtrot3

Overall downward trend. However, moderate inflation at around 1 percent, growth contraction in Q3 2018 and only .8 percent growth in Q4 2018. Keep an eye on price action and be ready to make a quick move.

WhiskeyTangoFoxtrot3

Nuff said.

WhiskeyTangoFoxtrot3

Not much evidence to suggest we can break above these ranges. Could be trading within them for several months.

WhiskeyTangoFoxtrot3

Really the same story for all the US indices. Struggle at previously tested resistance. I'm not a bear, but I won't buy until we can see some significant moves above ranged resistance.

WhiskeyTangoFoxtrot3

Quite a run since February. One of the most volatile world indies though with a volatility percentage of 1.91 percent while the most volatile index is Iceland's 2.54 percent and the global average of .96. Trade deal headlines really influence Chinese equities. Inspires me to stay away.

WhiskeyTangoFoxtrot3

Stages of GBPUSD Grief. 2016--Anger, 2017--Depression, 2018--Bargaining, Early 2019--Denial, Late 2019--Acceptance. Price action reflects this.

WhiskeyTangoFoxtrot3

Don't buy resistance, don't short support. If S&P 500 can get above 2821, then I'll be a bull believer. Until then, global fundamentals and a ten year bull market make me a skeptic.

WhiskeyTangoFoxtrot3

Currency markets are convinced that Brexit won't happen after the most recent voting in Parliament. Parliament doesn't like May's deal. Fair enough. But Parliament also doesn't want no deal. Okay then so what exactly is it that Parliament wants? We are increasingly approaching a situation where the UK accidentally crashes out the EU with no deal set in place....

WhiskeyTangoFoxtrot3

Triple top bear trend. Could jump back to support, or could dip below.

WhiskeyTangoFoxtrot3

We are in resistance territory AGAIN. Remember--Chinese industrial production and retail sales comes out overnight after trading is closed. Don't be surprised if these numbers are weaker than expected given the gradual trend of the China slowdown. If we can't get above these resistance levels today, maybe we shouldn't expect it to get done tomorrow.

WhiskeyTangoFoxtrot3

If trade war resolution between US and China, then short. But if its not substantive or if it doesn't happen at all, then expect this trend to continue.

WhiskeyTangoFoxtrot3

Never buy resistance, never short support. I'm not necessarily bearish, but we have to get past this before I'll even think about buying.

WhiskeyTangoFoxtrot3

3117 and 3136 remains short-term support over the next week while 2794 and 2829 could be support. Fib retracements could also be pivot points as they have been in the past.

WhiskeyTangoFoxtrot3

Still used for drug dealers and Russian oligarchs. Not convinced.

WhiskeyTangoFoxtrot3

Maybe another 1000 pips to go before we see some significant downward momentum at 112.30.

WhiskeyTangoFoxtrot3

Overall, this currency pair is mostly reflective of the pulse of Brexit with its wild swings and dramatic uncertainty. Will May get an extension to Article 50? Probably, but for how long? Will she get another deal with the EU during that time? Will Parliament pass it? Will there be a force general election? What if she decides to step down? What if the UK...

WhiskeyTangoFoxtrot3

Buy now and enjoy your profits at 5500.

WhiskeyTangoFoxtrot3

10 year bull market, slowing global growth, China slowing down, weak recent fundamental data, Brexit, divergence in US stocks from global equities unsustainable, and finally the technical resistance at 2818 is just too strong to overcome for this. Yes, recent data isn't too bad, but the exogenous factors are too strong in conjunction with the technicals. However,...