Maeket is in extrme BEAR mode on this one and a lot trader must be on board with Bear side. Now they are in whipping mode.. It may swing up to whip shortish out.. As for BULLs, they have chance as long as the price is above 1.2340 regions. Trade Safe s0nic
As expected in last weeks (refer to my weekly outlook pdf), VIX is nothing but on the rise. It will become clearer and stronger if it breaks up 22.5 or higher..
I am Very Bearish. It should reach 16100 easily and this is the area where possible BULL awaits. Bear is a better for now. But always be careful. Level to watch: Support 16100, 16000 and Resistance level 16500, 16700
Level to watch: Support 1.3810 1.3710 and 1.3420 ,Resistance level 1.505, 1.510, 1.530 I am Bearish , it is still on its way back to 1.3420 level again. The one question is will it go down directly or will do lil whipping around first. News : Wednesday, Thursday and Friday
Last week was the low volume ones aka Price Action was uber unreliable. I am "slightly bearish" just because of the PA. BUT, Bull may attack back as long as 106x level still holds...
Dow Jones ends the year with slight bearish note. We will be having first NFP of 2015 next week. So, I expect a pretty volatile week. I am Bearish on the index with 17880 as upper resistance, and we will have resistance again at 17040 level Resistant: 17880, 18050, 18270 Support: 17040, 16353, 15807
Remember the Long call I made on Oil 10 days ago, I hope your are doing well by done.. To move forward, I see the possible extension recovery on Oil, $39.30 is on tough level crack and I see Bear pressure at that level. I am Bullish on the pair...and going Long is still the better bet. Resistant: $39.30, $40.23, $43 Support: $34.16 blog.sonicrsystem.com
This index just failed to break 17030 level, which is the bad news for Bearish traders. Last week and next week, market will be pretty unreliable with the thin trading during the holiday week. I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 ...
Did you follow my start-to-bearish call on USD/CAD, last week? I hope you make $$ from it (read it in link below for my last week analysis) Mkt has a pullback(mild one) as expected. In coming week, we will have thin trading as it is holiday week, I am Bearish on this pair. Going Short on this pair is the better bet for now. Support Level: 1.3718 and...
1. PA in weekly is Still Bearish, but with long possible bullish wick. 2. Wave Analysis is still in lower high.. Trend is still Bear. 3. Support an Resistance wise, Slight Bullish. IMO, late to short but kinda early to long for me,, Cheers Sonic
USD rate hike as expected, and now we are kinda in the different ball game now. In TA, I am seeing UC0.00% is being extended too fast too furious rise of this pair and it is obviously due for correction from 1.400x level. In Weekly TF, it was such as Bullish Bar, that means Bull are still in control, so Shortist have to be nimble and go with small lot as trend...