Tesla:TSLA This short is not having a good day. No gap down, only a double bottom. Still think the pattern is poor so am sticking with a stop at 321 for 1 point loss if wrong.
BITCOIN: BTCUSD Aprproaching the highs and therefore becoming vulnerable to profit takers. Aim to do the same if long to lock in profits as old highs are tested and be prepared to go long again once the danger is passed, as per comment. You can draw in the upper parallel taking out the recent highs on 15 minute chart, same as bigger parallels on left of chart.
DXY Dollar Index holding up so far but it still looks like a continuation pattern and that holds whilst unable to break above 97.75. But there's a little uptrend off the lows and it should work on this, the 4th strike, creating another little rally...still cannot do much other than play between the lines at moment, but next move is building, as per comment
Brent Crude Spot: UKOIL Testing resistance without Dollar back up. Don't trust it. Better to short it with a stop just above the high at 52.66 for small loss if wrong
DXY: Having wriggled free of the impulse wave the Dollar Index The Dollar has slipped into short term neutral - but it looks like a continuation pattern so far and will stay that way whilst 97.75-6 cannot be breached on the upside.
Nasdaq 100: Has held up really well due to Dollar stabilising - please check DXY comments also as this is the lead indicator right now, if there is one. Need to manage these stops now as per comment and keep an eye on all shorts to see how they hold up...Still believe dollar has further to fall, despite this attempt to rally...but it could be enough to derail the...
Amazon is close to key support at 950. If it breaks it triggers a near-term short as per comment
DXY Dollar Index: The Dollar has nmanaged to wriggle free of the parallels so have closed out shorts and Gold long and await next signal. still believe there is more downside but am awaiting confirmation as per comment - Have hit 10 maximum downloads, so apologise for poor download management. Today of all days
Nasdaq 100 short set up for tonight
GOLD Spot: XAUUSD Testing important resistance here - suggest closing out longs as per comment, getting ready to either buy from lower at 1251 or as it breaks above 1262. Be careful of that overhead resistance line though.
APPLE:AAPL Apple is sitting still at 152 - big pivot for day traders - it's flashing warning signals given out by the island reversal off the top but cannot be shorted whilst it holds up at 152.
Tesla: If you're not short already try to get short on any attempted rally - two gaps down now and looking terrible, technically - and that's what counts!
DXY: in freefall but about to hit lower parallel- time to ease off but only if a day-trader - this has more to go as per all previous DXY comments
Netflix: NFLX - looks like I was 2 points out on the short set-up so it was never struck. But today's gap down confirms bears have entered the market now - and if it cannot be bridged today it spells trouble ahead...stop chilling now. OK?
EURUSD: After yesterday's powerful impulse wave the Euro is consolidating recent gains - but won't come back far. Look to get long if not already as per comment.
Bitcoin: BTCUSD Looks to be unwinding here so should be a good space for nimble day traders today - neutral to ultimately bullish, but some unwinding to go through first.
DXY: Dollar Index update: still bearish whilst trapped within the parallels (check 1 minute chart and draw in the parallels off the lows)
WTI Spot: USOIL Finally WTI has come back to test the old support shown on chart - it should rally from here - but with a fairly tight stop because if it breaks below today's low by more than 5 pips it will necessitate reversing postion for quick fall to 48.01. It's a good either way bet for the cold calculating trader..."Good traders close positions when wrong....