ruby_kinetix

ruby_kinetix

Just like $SPX500, $DAX have strong short covering become an excess or spring , bar 1, and new buyer (bar 2) activity after the short covering. a healthy accumulation.

ruby_kinetix

$SPX500 , $SPY shows a good and healthy bullish reversal, bar 1 is a spring and long excess, and considered as strong short covering. bar 2 is new buying activity after short covering, I like to consider a bullish setup on the following day.

ruby_kinetix Updated 

$DXY made an excess high (circled), and this indicate the chart is about to turning down. Ideally DXY will turn down to 98.50 area. if it's so the formation will be a changing its behaviour (COB). But I don't see and an aggressive selling on the following day (today), will it surprise us to the upside ? Excess high or Upthrust shall initiate a down move, if not it...

ruby_kinetix

$USDJPY is potential for making an excess low (spring) at daily structure. if there is a new buyer, this will bring USDJPY to the 109 level which I consider as an axis line, which mean 108.45 resistant zone is expected to be broken. This resistant I consider as a poor high. This Bullish bias will not be easy, because we need $DXY , the US dollar index to go higher...

ruby_kinetix

I am long on $EURUSD as I am bearish on $DXY. I still need to see DXY to turn lower even though it made an excess high. An absence of aggressive selling make me more caution on my bearish bias for DXY.

ruby_kinetix

I start long for $AUDUSD as I have bearish bias on $DXY , but i must take a note that Ausie has no strong excess low (Spring), at higher TF, I must monitoring the position more closely. I can say that AUDUSD have a poor low which may be revisited and penetrated. I also like to see REMX to make bullish reversal for me to keep long on AUDUSD.

ruby_kinetix

I have bearish bias on $DXY for the moment, and I need $REMX to make bullish reversal, for me to build several long positions on $AUDUSD.

ruby_kinetix

Gold 1490 is an important key level , here, is the price. trade above it, it will form re-accumulation on daily chart. but if now, Gold may drop to 1440-1400 area. Today , we will see the decision for gold auction price. Lets play with dinapoli level. The level, 1490 is a cluster fibs, or a fibs note. and aslo a COP from bottom, on 30 mins chart. last see if...