elroytrader1

elroytrader1 Updated 

Looks like a good short from here. As always however, it depends on $GBPUSD.

elroytrader1 Updated 

We are at the 61.8% fib, and Jul 11 high, and hovering oversold. Possible reversal.

elroytrader1 Updated 

Risk-off into the long weekend, anyone?

elroytrader1 Updated 

Fractal based on July 12th rate hike suggests as low as 1.1887, 6:1 trade

elroytrader1

Since August the Chinese big 3 $BIDU $BABA $TCEHY have outperformed the US big 4 $FB $AMZN $NFLX $GOOGL

elroytrader1

A warning sign.

elroytrader1

implies another 22400 then 400 point drop.

elroytrader1 Updated 

Sell the gap closure 21978, with SL above previous high.

elroytrader1

$DJIA 1992 shows a modest 3% drop quickly recovered. Electing a Democrat was a bigger issue.

elroytrader1 Updated 

See also my daily chart.

elroytrader1 Updated 

Difficult one this. Certainly a reversal now, but fundamentals suggest a breakout above 0.78

elroytrader1 Updated 

Fundamentals say so as well.

elroytrader1

This is based on the Nikkei 225 price action from late 1987 to 1990. The existing action fits well, we are now at early November 1989. This chart presumes one more fast ramp by SPX to 2620, then a sharp 18% fall wiping out all the Trump gains. This would be followed by a 50% rebound, and then further falls into the next few years, eventually reaching the 2007...

elroytrader1 Updated 

Might be pitchfork.

elroytrader1 Updated 

Classic #DowTheory - implies 21600 support will hold for a while.

elroytrader1 Updated 

Safe 3:1 trade.

elroytrader1 Updated 

Expect a rebound Monday.

elroytrader1 Updated 

Very slow bullish triangle, but for now, EUR strength is DAX weakness and vice versa