S and P 500 Index: This index is still only good for day traders. Also be aware that S and P has made a significant top in last 32 days up to 21st May in 5 out last 6 years. So it timed out yesterday. Just be careful here...
DXY: Dollar Index daily chart showing head and shoulders and ultimate downside target at 95.05
DXY: DOLLAR index This index should fall to 95.05 which is the target created by the head and shoulders on DXY chart - best defence is to continue to sell all dollar rallies until target is achieved.
USDEUR: The dollar has further to fall against the Euro but is a little oversold. Use any rally early this week to get short again if not already.
USDGBP: The head and shoulders top signals further medium term weakness for the dollar down to 0.7452. Look to sell into next dollar rally.
Bitcoin: BTCUSD Each decline has ben about 80 points which means Bitcoin is back in buy zone at 2000 with a stop at least 10 points below here....just below parallel... Only if it breaks below here will the trend turn down temporarily.
BITCOIN BTCUSD Still grinding away towards this weekend's target at 2137-2140. Looks so strong now it's back in the main parallel
WTI Spot: USOIL Pushing against near-term resistance and needs more Dollar weakness to move up further from here: should come back some from here to give another buying opportunity as per comment. If trading this PLEASE watch DXY chart. The will move in near perfect opposite direction in the near term and DXY is pulling WTI, not the other way round...and the...
UKOIL: Brent Crude Spot: continues to grind higher towards likely upside target at $55
BITCOIN: BTCUSD Bitcoin just won't quit, grinding higher and using lower parallel as rough speed line for rally. It still looks positive - moving higher as this is finished with new support now at 1957...so it's still a buy here
BITCOIN: BTCUSD Still positive whilst tracking within the parallels. Raise long stops as per comment
Bitcoin - can it reach 2137 this weekend? Yep, it could, so long as it holds within those parallels - but if it loses that parallel all long bets are called off
Nasdaq 100: "Everything vibrates. Every stock, every index." WD Gann (the greatest trader ever)
BITCOIN BTCUSD: Update Although it's just hit the next upside target at 1947, exceeding it with an intra-day high at 1955, there is still more to come. Price action over the last week (which we were a part of on the short side at the time, see comments) has shown that Bears don't really stand a chance here. We really had a go last week - and all we succeeded in...
DXY: Today's downtrend is clear as a bell on 15 minute DXY chart - really useful exit confirmation for shorts and for day-traders shorting dollar pairs
DXY Dolar index Low at 97.28 just 2 pips under the trigger - looks very bearish but concerned about getting sucked in before the open....need to be careful here as a chance of quick rally towards the upper parallel before coming off again. Whilst trapped under that parallel the Dollar will remain under pressure and will turn full-on bearish on a break below...
EURUSD: The Euro is trying to break to the upside again - but it needs confirmation from DXY to power ahead from here. DXY has to break below 97.3 to let Dollar bears run riot again from here. Keep an eye on it. It should be defended in 97.43 to 97.33 range by last dollar bulls. If/when 97.3 is broken it will effectively say that the Dollar has lost its last...
DXY: Dollar Index has come back down to retest the recent lows at 97.43 - support extends down to 97.33 - so some kind of a fight should be expected in this range. The pattern is bearish, still (so only a speccy buy for contrarians with a stop just below 97.30) but be aware that a fall below 97.30 will tip DXY into full-on bearish territory again, signalling the...