Was stopped out a little at 1.345, just re-entered long at 1.34 as planned with initial target into trend line
Set an order off of 1.345 from a shorter term trend line, tight stop, and will definitely re-enter at 1.34 area if stopped out
A short opened yesterday from 111.43 keeps working fine so far. Covered half into 111.00, expect it breaks down this new shortterm range, set my next target just below 110
I would some good short setup is coming here off of 1.78. Of course if cold keeps falling we may have it broken out, but the resistance looks rather solid to me.
Almost same setup as in USDCAD, gonna wait for another 1.28 zone test here for a good long
Looks like it's gonna test 1.36 - great long opportunity with a controlled risk
Strong up move this week but still within LT range, this week i'd consider shorts off of range top at 139.00
XLF was weak in spite of money centers issued very good number. The price consolidates just above strong LT support at 23.00 Good time to plan short, to me it's gonna work both for momentum trades and swings
Short 1.18 - stop 1.19 - target 1.55 (lighten up into 1.68)
20yrs bonds are finally above strong resistance 123. For this coming week I expect some fluctuation around this number (with possible tests into new support at 122). Will definitely get long if it firmly stays above 123, gonna hold core into 126+
After breaking down some shorter term supports - thou on ordinary volumes - SPY might experience more downmoves into strong demand zone just above 227.50. But overall it still looks like a retracement into an uptrend line. For next couple of weeks I'll be looking for shorts, targets at 231.5, 230.0, 228.0
S&P 500 closed above its 50-day MA and looks fairly stable here, but there's a sharp move in volatility yesterday which shows the market may be sceptical about the idea of further growth. Will be looking if it close yest's gap
In mid-term - this wedge is gonna explode one way or other. But I'd bet for a good short if it breaks down 41.00
Unless this 133-sh demand area is broken down IWM to me will look stable and bullish. For some time we see this clear pattern of price rejection off of this area, which shows buyers here are still strong.
TLT trades just below a very strong supply zone. I think chances for a second upleg after recent consolidation are rather high, and in this case another good long might occur – into long term gap close.
Neither missile strikes, nor poor NFP. Is was a rangebound week on vols slightly greater than this year average. The week candle looks exactly like this, very compressed. To me chances it moves any directions are equal.
As planned I got short @ 1.446 and had a good opportunity to cover half very quickly @ 1.442. But the move I expected did not happen so far. Got flat intp the weekend. While closely watching a price action here found out a very strong level at 1.443 - will be watching in next week for shorts.
I was expecting this wedge to break up. The break actually happened but in opposite direction, so the idea was wrong. More then that - the price broke thru 111.500 which was a rather strong support since February. So more downside should be expected here.