CajunXChange

CajunXChange

Bullish shark pattern on daily to be completed at 1890. I wouldn't BTFD here bc the SMA's on weekly are sticky. It should be a quick, violent pullback; but trend remains intact on monthly with 50sma coming in ~1550. Until this thing breaks 2120, I have no interest in being long, especially given lousy fundamental data.

CajunXChange

Got caught last night. She dumped at 118 but looks like bullish butterfly is forming. 200sma on daily supports this formation

CajunXChange

And making the case that a deep bearish crab can have a .786 retracement. 2127.86 completes the pattern

CajunXChange

Still range bound. Should be able to short ~118.100

CajunXChange

A surprise rate hike could accelerate the move

CajunXChange

Here ya go...93 major support

CajunXChange

Bullish short term play in WTI could coincide w/ my prediction of DXY pullback. Looking for minor pullback within bearish cypher to ~45 before rally to complete bearish shark pattern ~57. Dismal global macro data and a stronger dollar has me skeptical of a sustained rally, which leads me to believe WTI may be range bound from $40-$60

CajunXChange

Close to a perfect bullish bat forming. Look for pullback ~92-.50 before we head north

CajunXChange

Bearish bat in wti?

CajunXChange

longer time frame

CajunXChange

we shall see

CajunXChange

major gap down at open threatens critical support (85). break below here, expect healthy correction for possible buying opportunies

CajunXChange

Will bullishness continue or will the Triffen dilemma hold? Must trade >93 to even consider sustained run

CajunXChange

9/26/14: This pair touches 50sma on 260 for 1st time since beginning of bullish run last month. Japanese CPI data came in line with the consensus view. This week put in the top for this pair imho. Everything is lining up for major pullback: FUNDAMENTALS 1) 2yr mark since 1st arrow of Abenomics, ushering in unprecedented monetary policy to combat deflation 2) FED...

CajunXChange

Respecting the fork! Basically nails top. I was just fiddling around and noticed this. I'm not saying this is the beginning of a downturn but must respect the median, and particularly, the 100 day sma on daily which has been the signal to BTFD. Strong support ~1900

CajunXChange

USDJPY is running into a multi-year trendline as resistance. Pitchfork intersects with trendline ~108 with RSI over 70. Remember what Kuroda said years ago. As long as its trading >100, there are no worries. On the other hand, Japanese exporters are getting squeezed at 94, but at the same time, energy import costs are hurting. They are walking a tight line and...

CajunXChange

1930 critical support. Ugly looking candles forming at 50 fib

CajunXChange

1.618 Fib extension from 1st drive (09-10) comes in ~17200, basically nailing recent top. A trendline connecting the high from 2001-2007 coincides with major support on the weekly 50sma ~16200. It will take time, but if this support breaks, I think we will eventually pull back to around the highs of 2007. This will be a brilliant plan by the Fed if the theory of...