Rookie398476049358670

Rookie398476049358670 Updated 

Dollar coming down towards the lower trendline of the bearish rising wedge. A break down could be ugly, like what crude did last week.

Rookie398476049358670 Updated 

EURUSD has poked its head above the downward trendline, or at least very close to. Successful breakout towards the upside will send DXY tumbling down the hill, and gold to the moon. A failed break out will send itself to 1.6-1.65 support area for further consolidation and DXY towards the top of the bearish rising wedge, where it might break out instead of break down.

Rookie398476049358670

The top 8 component of QQQ has hit the bottom of the gap back in early March which is acting as a support. PPO and RSI turning positive and putting in divergent lows, and PPO also pending bullish cross-over on 30 minute chart. We should see a bounce tomorrow morning.

Rookie398476049358670 Updated 

Since it's last earnings, T has been taken to the wood shack and was beaten the crap out. But today's price action suggests that it may have seen a near term bottom should SPY behave "normally" in the coming days. I'm expecting it to go up to around 34 to test the bottom or top level of the gap, before deciding its further direction. Position: initiated at 32.07,...