According to www.dailyfx.com market sentiment tool a staggering 81% of traders are holding net short positions on the SP500. .. Now I understand that roughly about the same percentage of traders don't make money and maybe that's why the SP500 has been making new highs lately? .. As always, I present you with my technical view of the market and then you can...
GER30 INDEX:DAX Following on from the previous daily/weekly analysis (right below), the intraday H2 chart shows that the market could still need to run for a 5th subwave before reaching the ( III ) cycle end. As we can clearly identify a 1st wave expended impulse for this last move, we can plot a theoric target at 61% extension of subwave 1 starting at current...
Elliott waves count suggests that the TVC:NDX is probably going to reach wave end near the current price area. Offering a retracement opportunity that could retrace back to 100% of last wave (III) as we can see that we already reached theoric target for wave (V). At this point it's hard to say before we've seen what the corrective wave looks like.. But I'm...
My short at Friday's close...my currency wave indicates that oil is over bought. and has been since Christmas. COT reports shows new money (retail), MM, Chinese, etc.. are all long, at +seven to one (7/1), with record net positions. Both the timing and direction of the dxy/oil value wave, confirms this is a carry trade. Cheap money leveraged longs.. with little or...
Waiting confirmation from RSI for a big short on this pair. I will short as soon as the support line is broken (as shown in my chart). Target at 23.60% retracement. Stop Loss around 86.72 Happy trading guys
I have done some detailed analysis on this post here: cfdtradingo.com
I have done some detailed analysis on this post here: cfdtradingo.com
I have done some detailed analysis on this post here: cfdtradingo.com