As expected, GC didn't break through 1220 and went down to 1200 range and fell into the blue box support range. It's likely to to test 1188 directly or went up from 1200-1210 and test down to the next support again.
As we could see if retest the green box support area 111-111.3, USDJPY very likely to reverse to its previous high 115.7 and 116.8. Find support at 112.5 level and potentially it could bounce back right after hit that support to test previous high resistance. REMAIN BULLISH ON USDJPY!! Wait to take long position at the support.
The S&P 500 broke into new highs from a 10-day consolidation and the small-cap indexes bounced sharply off their 50-day moving averages. That’s enough evidence to shift the market action to Uptrend. SPX is approaching the upper line and move further away from the support, above 5MA and 20MA.
Held call option SPY@225.5
We could see that USD has been weak due to the Trump's speech regarding "strong dollar". And EUR/USD have already reached 1.074. There's not much fundamental support on weak dollar, and temporary gold price rising might contribute to weak dollar as well. Overall, I am waiting for the opportunity to short EUR/USD. Potential target 1.06 and 1.051
We noticed that the box area is quite similar to the recent patterns happened. The bar pattern is mimicking historical trend and we could see the potential peak would hit the resistance of 42.72 and then down to 41 area. Couldn't see much upside on the YHOO trade. Strategic option trading could be a try