Slimsy

Slimsy

SMI heads lower, stocks still in uptrend

Slimsy Updated 

Yields broke. Will stock follow?

Slimsy Updated 

Dollar fell back to the strong support. Now we can expect a strong move if it breaks out of the wedge

Slimsy

Key point, watch out for breakouts. May be a cup with a handle too.

Slimsy

10y goes through the resistance. Will pull stock higher probably (small divergence). At the same time, ES bounces after a false breakout. May head for 3.153 (Fibonacci approves)

Slimsy Updated 

Rates in a falling wedge. Look carefully for it as it will decide on the movement of stocks. So far pulling them upwards, but the resistance is very strong. On a daily chart, there is no divergence with SMI.

Slimsy Updated 

Tough spot for yields, they will now decide on the next two hours of trading.

Slimsy

Bond yields showed support at 3.116%. This MAY be the end of the plunge in stocks because of the slowdown in the yields' move, but the view is still short term bearish. (The low didn't form yet, watched closely, but if it forms like I presume, then the divergence occurs with SMI idicator)

Slimsy

A book price movement: Breaking of support and then small correction with continuation of the trend afterwards. May head lower into the territory of $2692 as shown by LOW support on the chart. A bit lower low on SMI may confirm the continuation of trend.

Slimsy

Perfect bounce off the upper resistance, then break of support. Watching closely.

Slimsy

Decoupling again happening between ES and 10Y rates ...