ππ£ππ’π’ Price(πΆ): β¬οΈ 1.0199%, market sentiment(π): β¬οΈ 11.03%, message volume:β¬οΈ 7.33%.
USD STOCKS (π): SPX:β¬οΈ 1.31%; ICIC: β¬οΈ 1.01%; VIX:β¬οΈ 15.96%. AUD STOCKS: XJO:β¬οΈ 2.19%.
US daily news (π π): BLM protests and riots, cops killing citizens increasing. US economy news (π°π°): Ended last week (Thurs-Fri) fundamentally strong πͺπΎ. Stocks turned around after strong plunge. Todayβs USD economic news (π πΆπ°): π° 8:30- Empire State manufacturing index. 11:00- FOMC member Kaplan speaks. 4:00 pm: TIC long term purchases. Australia daily news (π π°): BLM protests extend to Australia. Trade tensions with China becoming more serious. China sentenced an Australian to deathβ οΈ adding to already worsening tensions. Branch stacking scandal. Potential boost in Australiaβs spaceππΈ industry. Australia economy news (π°π°): Fundamentally neutral/unaffected last week. Stocks started bearish trend without reversal. Todayβs economic news (π πΆπ°): 9:30 pm- Monetary policy meeting minutes; and HPI q/q.
TECHNICALS: ππππ Day π chart- Bullish overall trend currently seeing correction waves. Bouncing off 50% fib retracement; could continue bullish trend or test 61.8% or 78.6%. Williams alligator π: reversing, heading down. Keltner channel: closed inside channels, playing off 20 MA. Stochastic: crosses in βoverboughtβ heading down.
1 hour chart π°: Trend- bearish. Coming up on the 38.2% retracement; expected to test the divine proportion or the 78.6% area before possible reversing for the correction waves. Willams alligator π: Going down, seems to have started to level out. Keltner channels: bouncing off the 20 MA in the lower half of the channels. Stochastic: closed in βoversoldβ and looks to be staying there.
Looking ππ at the candles we can see that they are pushing through each babyπΌ bond area (0.68600, 0.68400, 0.68200, etc.) but struggling π«π«to break back through. Weβre seeing a lot of strong bearish candles with a lot of wick action at the top showing strong sell signs. π²π²
USD STOCKS (π): SPX:β¬οΈ 1.31%; ICIC: β¬οΈ 1.01%; VIX:β¬οΈ 15.96%. AUD STOCKS: XJO:β¬οΈ 2.19%.
US daily news (π π): BLM protests and riots, cops killing citizens increasing. US economy news (π°π°): Ended last week (Thurs-Fri) fundamentally strong πͺπΎ. Stocks turned around after strong plunge. Todayβs USD economic news (π πΆπ°): π° 8:30- Empire State manufacturing index. 11:00- FOMC member Kaplan speaks. 4:00 pm: TIC long term purchases. Australia daily news (π π°): BLM protests extend to Australia. Trade tensions with China becoming more serious. China sentenced an Australian to deathβ οΈ adding to already worsening tensions. Branch stacking scandal. Potential boost in Australiaβs spaceππΈ industry. Australia economy news (π°π°): Fundamentally neutral/unaffected last week. Stocks started bearish trend without reversal. Todayβs economic news (π πΆπ°): 9:30 pm- Monetary policy meeting minutes; and HPI q/q.
TECHNICALS: ππππ Day π chart- Bullish overall trend currently seeing correction waves. Bouncing off 50% fib retracement; could continue bullish trend or test 61.8% or 78.6%. Williams alligator π: reversing, heading down. Keltner channel: closed inside channels, playing off 20 MA. Stochastic: crosses in βoverboughtβ heading down.
1 hour chart π°: Trend- bearish. Coming up on the 38.2% retracement; expected to test the divine proportion or the 78.6% area before possible reversing for the correction waves. Willams alligator π: Going down, seems to have started to level out. Keltner channels: bouncing off the 20 MA in the lower half of the channels. Stochastic: closed in βoversoldβ and looks to be staying there.
Looking ππ at the candles we can see that they are pushing through each babyπΌ bond area (0.68600, 0.68400, 0.68200, etc.) but struggling π«π«to break back through. Weβre seeing a lot of strong bearish candles with a lot of wick action at the top showing strong sell signs. π²π²
Comment:
Fundamental update: πΊπΈ: Empire State index recovers in June from two months of record lows.