Broke this morning, riding it down to support at 2170.
Pushing through 2178 will open up a short with PT at 2170 and 2165
50 pips first target and 70 at second for this recent trend line break.
Eurodollar has been flat for almost a day. Look for big movement to break out of the squeeze.
Wedge pattern forming. Looking for a short entry down to 27.
GILD has suffered over the past 3 quarters, but with a reshaping of its business, we could see them pushing up into positive territory again. Looking for a TL break and the momentum to continue.
Gold has been a little overbought in the past few days, because of the strength of the dollar increasing, there should be a downward bounce and then continue strong up.
S&P has bounded off it's lows from last month. The move up is at symmetry with the last move up starting in october. Markets probably are a little overbought.
Will push up to the 33.50 range in its retracement of past move
Weakness in the yen shows that we could have significant retracement over the next several weeks.
Looking for the squeeze to fire long and retrace back up to the 50% retrace
Oil has had a nice bounce, but the stock could go either way. I'm looking to wait until theres a break and then come in.
GBPUSD has been coming down over the past two weeks. It tried to break its trend line, but was rejected. It's coming up for a second test. If it can break through, look for it to come up to it's .5 or .618 retracement.
Wedge forming in EURGBP on an hourly chart. Looking for a break up or down to indicate short or long.