pretty good sell signals here. good luck traders. ive been short since 130.50
on chart. shoot for $20 then back to $15 in late 2015 then in 2016 goes for ~25/$30 range
this should be a very strong opportunity to buy either on on double bottom with tight stop or as a grid pyramid with a stop below $11 (or no stop at all, if trading small %)
Interesting dynamic playing out here. Read my analysis on the chart.
I'm a technical trader, and that's how I know what the news is going to be. Could push 2250 even, I wouldn't enter early, unless you know what you are doing on the smaller TF Wait for the reversal candle and subsequent breakdown of the low.
There will be a small rate increase of 25 to 50 basis points in 2016. Smart money knows this and will exit early. 2016 marks the first bearish yearly candle. Highs could push 2300 but any more than that is pretty insane. Repeat the Price Action for the bubbles. A drop to 1850. A Bounce to 2000/2050 for the lower high then a bear market decline.
I don't see any value until this market retests the breakout level of 1550 or 155 SPY All trendlines are tightening. I'm about to make 10-20x my risk on this short. Good luck playas.
Should see one more bull candle on monthly t hen could reverse bearish once again.
bull move to $20 after dip to $16.25 or $15.50
clear as day bull positions for Q1 2015
The craziest move Ive ever seen in currency market.
its getting close to done now.
Everything points towards $22, then probably a drop to $18 or $18.50