SubZero

SubZero

This is an optimistic view of the recovery from the recent selloff. Reasons for the optimistic bias: - weak USDX helps exports - low Crude helps manufacturing - employment remains steady - interbank interest rates are lower, liquidity is ample - tariffs are noise, yet to see objectively based on data what they will do Its less likely though that we have a clean...

SubZero

The multi month channel bottom is being tested. An attractive 1:2 or 1:3 RR setup. Entry between 8130 - 8030 with a DCA target of 8070, SL: monthly close below 8000

SubZero

Monthly closes provide guidance, measured target can cut through first line of support suggested by the weak two touchpoint upward trendline. Given the entire market is downward at the moment this can easily see the lower end of 60s. Fundamentals suggest recovery on the annual timeframe, maybe even next earning call at least back towards the gap.

SubZero Updated 

Thin Volumes, Heading into historical resistance are, MACD already flashing Global risk landscape did not change significantly since the bottom Getting close to all time high - just about 5% off, the closer we get the more attractive risk reward shorts have What are the chances of breaking new highs during economic uncertainty and increased price for liquidity?

SubZero

Hikes can push this towards 0.7, resistance will likely come in there strong.

SubZero

I do not believe the enthusiasm about positive trends is going to sustain, so looking to short around 400

SubZero

Powerful comeback from the lows, yet the dominant trend and macro factors will prevail in the long run. Expecting pivot at around 400 in the zone marked with blue rectangular. Short any strength at or above 399 with a 420 stop.

SubZero

Powerful comeback from the lows, yet the dominant trend and macro factors will prevail in the long run. Expecting pivot at around 400 in the zone marked with blue rectangular. Short any strength at or above 399 with a 420 stop.

SubZero Updated 

Can still re-test the lows or go even lower, but retracement to ~440 +/- 20 is likely at some point

SubZero

Fib retrace is likely, which will be a good opportunity to short.

SubZero

The immediate downtrend is broken, but on the longer term chart there are some significant headwinds are also appearant in the short/medium term at the 93 area

SubZero

buy on 1825 pullback, target 1875

SubZero Updated 

If last low does not hold just follow the lower channel bound for entry opportunities. Not buying or selling on the median line.

SubZero

Volatility is down on the index and Bollinger band is tightening around the price variance indicating a high volatility event before the 6th of May. My bias is towards the upside of 11404, but can be a break below 10620.

SubZero

Very interesting line up of the 0.382 fib level going back all the way to 2007-2008 gloom and doom

SubZero

There is a clear shift in economic powers. Further trade wars between US/China are likely to continue, which can put pressure on the PBC to weaken the Renminbi in order to be able to result in attractive export prices. At the same time the commodities link going to provide a downside buffer as the inflation expectations are on the rise worldwide due to central...

SubZero

Pitchfork looks to work here, see if it climbs from here or retests the yellow critical level or some reds in between.

SubZero

Good long entry looks to be around 6700 - 6750