Hong kong troubles are well known now.
think if the crisis continues, look to buy when it hits 20000-22000. this is a long term trend line that draws from 2008 crisis low.
Gold July monthly doji candle suggest exhaustion or some consolidation in the process after rallying for a while.
use the pullback towards 1360-1388 to accumulate. Gold has broken out of monthly downtrend and should be on track to hit USD 1,500.00
failure to take out 1.12 on downside has seen EURUSD carved out a potential double bottom here.
if upside resistance 1.1270 is taken out, then could look to go towards 1.1345 before 1.1400 next
Follow the well defined channel.
also, the break above 0.70 this week is proving to be a shooting star (bearish)
Trade war agreement will take time and therefore AUD will suffer along with risk.
Sell now to retest 0.6860...
VIX is sitting on a trendline which started in December 2018.
As SPX continues to make new high, perhaps is time to put on some protection when VIX is so cheap or low.
Weekly MACD and STO RSI are showing negative divergences as we see SPX making new highs.
so don't chase tops here.
instead look for pullbacks into 2964 (previous high) now turned support for eventual target of 3108
Shanghai Composite has fallen around 30% since January this year. There is a uptrend from 2006 to 2013 lows and will add support around 2400-2500.
It is time for a rebound.
