There is no difference Trump or Clinton. They are just dolls and the puppeteer is not visible. "Owners of money" manage market (FED owners) It is also the main sponsors of presidential elections And last the Federal Reserve System has only two targets - to keep holding dollar as a the world's reserve currency and to make it stronger
The second Gartley that appears in the S&P 500 these days...! I just saw it so i didn't took the trade... But i thought i should mention it to be aware maybe for a third one! Lets see how this one is going to work..! :) The first did very well..!
The structure of the down- and upmove was corrective - that is typical for an EDT. Wave 1 and 2 are ready.
Above is the S&P500 weekly chart from 2007 highs to today. The last week of April 2016 will be interesting to watch. Big support @ 1572 in May 2016 maybe in the cards. Grab the popcorn guys, interesting times indeed..
That could explain why oil and other commodities could cost much lower.
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
This is getting unsustainable, I don't see it going anywhere but down over the next 3 months. Could this be the bagholder's last ride after the end of QE? Just when they thought that the end of QE isn't going to affect stocks at all, it'll hit them even harder by surprise. I'm adding more short position here as we move on...
EURAUD currently @1.4417 - not doing much yet. Currently inside a big wedge in the 240 min chart and waiting for direction out of it. But if you look at the EURAUD 60-min chart, we are inside an ascending wedge with a potential 30-35 pips once we break out of it and continuation to the top 1.4460-80 levels. Both potential trades would be as follow: LONG ENTRY...
AUDNZD currently @1.0789 giving us a head & shoulder pattern right at the top of our Channel for a potential square up of the move from last week. Let's wait to see if they will violate the H&S by going higher, If not take the short below the neckline @1.0770 - or even before the break at the current level of 1.0790 ENTRY: SHORT @1.0770 STOP 1.0800 TARGET...