The dollar looks to be showing signs of a turn around. There hasn't been much volume from the buyers, and if we haven't already bottomed out, we should be able to comfortably find a bottom without hitting our stop losses. This is a longterm play, which is why why we have multiple take profit levels, enabling us to get out if the longer term view becomes less likely.
The dollar may have one more leg to go, nothing too big, but it provides a more optimal shorting opportunity.
The Euro is looking very nervous. If we fail to go over the 1.0819 handle it could spell a selloff for the Euro. I personally think we are going down because the Dollar is looking like it wants to show strength across the board, but there is still a case for a test of the highs. Next week will definitely provide some perspective.
Looks like we may have completed or are about to complete a cycle. Short until the next great buying levels.
Very interesting picture. On the larger timeframes EURJPY looks bearish. We look to have completed a 1st wave down and are now consolidating into a complex 2nd-wave. If the picture we have developed is accurate we are setting up for one HUGE sell-off.
Bitcoin looks like its got some more upside to do before selling off. It successfully drew in early sellers, now we watch to see how it behaves after $1030 if it gets there. Long to $1035.00 and then short!
Dollar looks to be pushing for its last move up.
Netflix has enjoyed a very strong bullish run but I think it may be time to cool off.
Successfully completed a 1st move and a 2nd wave decline. this could be an AMAZING buying opportunity!
A very tough call here. We think longer term Bullish, but we may get a shakeout before that.
I think we could have one more play to the top before finally topping out.
We jus had a very serious pickup, definitely riding this one up. Earnings were above expectations and buyers rushed the price up.
Bitcoin looks to be trying to clear the sellers out of the market but I doubt they'll be successful. The dollar also looks like its going to put pressure on Bitcoin.
WTI failed to break out of the green band and chased the highs of the band. However, This could be a complex correction followed by a pretty sharp dip to breach $50.76 thus opening up more future downside. If we fail to sell-off below $55.15, expect much more upside.
With Gold looking longterm bullish, I think gold stocks are going to do really well. I think this is a good stock which may offer near 100% return from its 3rd wave extension. A play past 5.25 seems like a serious possibility.
I believe we might be in a longer-term move to 116 before we see any serious sellers showing their hand.
The yen seems to be losing steam, and the dollar seems to be setting up for a surprise play of strength. We have bounce pretty strongly off a 38.2 retracement level which seems like a solid set-up for more bullish momentum, however, the volume hasn't really been there to support it. As a result, we could either continue to make our way towards the resistance line...