HEADER - There are 2 paths now for next 62 days, that is until 12/20.
SUMMARY - Bearish route is 7/10 favorite. The trade is to short the bounce 12/11 to 12/22. FOMC is 12/14 or so, need to confirm.
DETAILS - The decisive window is NOW TO 11/07. October NFP reports on 11/04. 1607 is most recent low AND MUST HOLD THROUGH 11/07 FOR BULLS TO HAVE A REAL CHANCE. If bearish curves hold to 12/21, the 2 week following that should deliver THE PERFECT SHORT.
SUMMARY - Bearish route is 7/10 favorite. The trade is to short the bounce 12/11 to 12/22. FOMC is 12/14 or so, need to confirm.
DETAILS - The decisive window is NOW TO 11/07. October NFP reports on 11/04. 1607 is most recent low AND MUST HOLD THROUGH 11/07 FOR BULLS TO HAVE A REAL CHANCE. If bearish curves hold to 12/21, the 2 week following that should deliver THE PERFECT SHORT.
Note
TYPO: 1607 is the "retest limit" of the most recent low which was 1615 AND MUST....
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.