If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
Merry Christmas to all, I hope you and yours are well. My present to you this year is the one chart you should ALL be watching. SPX/GOLD Risk On (Equities), Risk Off (Gold). It will save you a TON of time/headaches, if you follow this chart. In this video I go over why you should use it. How your portfolio would have been managed the last 50yr, and at the end...
Expecting Lower EURO and higher Dollar Risk OFF Scenario Dollar UP other foreign Currencies Down Focus down on SELLSIDE
GBPJPY is flirting between this 185 support price and 188 region, a solid 300 point range, we are hopeful to see a pullback and another opportunity to enter long from this 185 psychological price zone. From here we can look to targets 1R, 3R, 6R respectively. A lucrative setup, with lots of mileage upside, nothing to say we can't target 190.00.
The VIX seems to have validated a bullish pattern, the reversed Head & Shoulders with a target around 27 and intermediate resistance with the line linking the tops near 24. Only a break below the shoulders level around 15 would invalidate this view.
Explain to me Bearish divergence Super UGLY candlesticks The corn and #crypto not looking like they wanna go up not even sideways but actually some down for a little while curious since we had such great news a few days ago
Look at how the bullish green arrows and bearish red arrows show how global liquidity correlates HEAVILY with the direction of Bitcoin. T You don't have to be a genius to see how beautiful this correlation is. And how sensitive #BTC is to excess capital in the system. As a risk on asset When ppl have easy money to gamble with , a portion of that ends up in the...
US yields are coming higher once again and looks like new high can show up soon, and this is something that is drving the USD higher. Even stocks are coming down this morning, cannot handle the USD strenght anymore so it appears that we ahve some risk-off flows at the moment which can last a few more sessions. The elliott wave A-B-C rally on SP500, NASDAQ100 and...
Appears we are running out of risk appetite. Put also looks like we have built a very nice base for a significant move higher. Hopefully, that's a risk on move, not a risk-off move. Personally, I believe we have already corrected in each individual sector, it just didn't happen all at once like it normally does. According to this, risk aversion and sentiment...
Imagine USD recovery, and "no fear" on VIX at the same time Not good combination for stocks IMO, especially when looking the extremes of 2022-2023 range. Calls at the extreme may not be a good thing.
Direxion Daily Dow Jones Internet Bear 3X Shares forms bullish "Continuation Wedge" chart pattern "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Dow Jones Internet Bear 3X Shares (WEBS:NYSE). This bullish signal indicates that the stock price may rise from the close of $20.30 to the range of $27.00 - $28.50. The pattern formed over 15 days...
FX_IDC:AUDJPY Has broken a minor ascending channel formed since the corona dip in 2020. The significance of the breakout lies in a rejection occurred when tested an old channel extended since the 90s "1990 and 1995". Levels of significance: 92.500 "+/-" = Anticipated correction range. 80.500 "+/-" = Anticipated target over the mid-term. Follow for more similar...
Direxion Daily Semiconductor Bull 3X Shares forms bullish "Megaphone Bottom" chart pattern "Megaphone Bottom" chart pattern formed on Direxion Daily Semiconductor Bull 3X Shares (SOXL:NYSE). This bullish signal indicates that the stock price may rise from the close of $16.61 to the range of $19.60 - $20.30. The pattern formed over 16 days which is roughly the...
US10Y/1D Hello traders, welcome back to another market breakdown. Reversed US 10 years bonds has been trading in a deep pull-back. The price has started showing some signs of strong bulls, which means that the market might need to price in for higher intrest rates. Aka. Risk is off. Tarde safe, Tarder Leo.
Junk bonds to US Treasury 7-10 year bonds, a good proxy for risk on/risk off appetite and a good parallel to SPY action. Right now, we are due a risk off pullback, but the longer trend (Gann trend line and Ichimoku cloud) indicate a risk on environment will be soon to follow.
On the weekly chart, price seemed to be breaking down from a channel and then reversed course to move higher. If this is a rubberband reaction and risk-off resumes, then this monthly frame shows a 2nd leg down that could move to 62-58. Alternatively, if risk-on stays the course to continue January's rise, then price moves up to the 20ma, 96-100 area. Watch daily...
Now that a lot of sell side liquidity targets have been met on this week, I'd like to see it comeback up a bit to rebalance the weekly FVG then drop lower into the Monthly FVG cause it would be healthy for the next expansion to new highs on this cycle, final target 120 with bumps on the roads at the lvl I drawn my pink arrow
The return of risk-off.. Biden and Xi will be desperate to drag the dollar back down. Equities will follow. When currency interventions aren't enough, they bring in the big guns.