honeybadger

honeybadger

Stop loss at 1.439. Hold it until the referendum. Cable will may lose bullish momentum if a) falls below 1.42 and b) falls below 1.41. Feel free to pm if you have any questions.

honeybadger Updated 

Two possible near term scenarios both point to possible retracement. 1) Red Box Price bounces off from 20 EMA and tests the year long resistance zone again. 2) Blue Box Price bounces off 40 EMA. After the retracement, price might test the annual resistance zone. Trading Plan: *See if the daily candle makes a higher high compared to the May 3rd candle. *If it...

honeybadger

SPX has closed below 40EMA. Next stop @ 100/200 EMA at 2020. We may see a repeat of Nov & Dec 2015. Trading Plan: 1) Short now and see if price gets supported by the 100/200EMA confluence zone. The reason for shorting is because we have turned around and it's usually the best to stay with the trend. 2) If 1) happens, wait and see if price breaks above 2100 or...

honeybadger

Published for record keeping purposes. Please send me a message if you have any questions.

honeybadger

Published for record keeping purposes only.

honeybadger

Go long! Edit: the 2010 level corresponds to 100 EMA on daily TF.

honeybadger

While it's possible that we may start retracing from here - similar to Sept 2015 rally - the current downward channel should be noted. Scenario 1 (Red Arrow) is the most bearish scenario where we dive straight to $25, and scenario 2 (Blue arrow) is the less bearish case where we retrace before falling further. I personally do not set price targets, but if I have...

honeybadger

The wicks that have appeared on previous reversal points has shown itself again (Blue box). For this plan to work, we must close above $45 this friday.

honeybadger

Ladies and gentleman, I present to you the latest brand new super innovative pattern in technical analysis - the Garfield Pattern. You may think I am not being serious, but I am dead serious and have entered a short position at 47.2 prior to FOMC meeting yesterday. Why have I done this? Well FOMC minutes seem to be emphasizing on the dullness of price data, and...

honeybadger

My fellow bears and superbears, the time has come to short WTI crude oil and capitulate all the bulls. The last Fib extension cycle points to a drop to at least $42, and if the bearish momentum maintained, we could see 37.53 by the month's end. As a perma bear I hate to say this but I must warn you all that if we fail to breach the triangle within this cycle,...

honeybadger

If this channel holds, I think we can expect 4.5-5% profit over next two days or so. Of course, the most crucial pivot for this plan lies on the market sentiment on rate hike. Any hawkish news could push the index below the channel. Good luck!

honeybadger

For this plan to work, the 4H candle on 9th Sept 05:00am, NY time, must close below 45.52.

honeybadger

If this is a beginning of a bearish wave, we could see oil dropping to $42 by next tuesday.

honeybadger

Time set at 18th of August. Top 2 Performers 1. Utilities (-1.5%) 2. Consumer Staples (-4.75%) Bottom 2 Performers 1. Energy (-8.5%) 2. Technology (-7.1%) Good luck!

honeybadger

We all know that the S&P 500 had been stuck in a choppy range-bound trend since the start of the year - counting from its start on February, that's almost 5 months! We also know that the last three trading sessions have, at last, completely destroyed the stalemate. So naturally, the question on everyone's mind is: What's next? The simple question that we all ask...

honeybadger

The following paragraphs are a conjecture on the price movements of WTI given a strict assumption that the bearish trend will maintain for the next 3-4 weeks. First, we will see a breach of 39.93 - 40.05 support followed by a fall to the 38.07 - 38.35 level. Note that the Fibonacci extensions seem to be aligned with the key support levels of 2008 lows (shown by...