The Ten Year US Treasury Yield is accelerating greatly since the announcement of "Tapering" by the Fed last week. Handles in-play are as follows with likely targets vis-a-vis measured moves from further anticipated rounding bottom formation. Of course, this is only way one of thinking about where future price action may behave (...a piece of the puzzle,...
Just an intraday setup, but if it triggers SPY targets a $160 handle. Watch for breach of today's low with heavy volume as confirmation the pattern has triggered. Good luck out there!
It's remarkable what the SPX has been able to accomplish from the 2009 low; especially the last year. A potential secondary median trend line around 1850 appears to be the only trend resistance left. We'll probably re-test the breakout area just below current price, soon. If it holds, 1850 here we come! If not, 1850 here we come anyway! We'll probably start...
Complex topping pattern appears to be taking shape. Not a huge move implied, really, but if this pair is to ever breakout higher as anticipated by many -- it's time to get that show on the road. This isn't what you want to see if you're longer-term bullish. The best trade here is probably the one from the sidelines for now. If you have a long bias based on...
Contrarian long idea - I'd keep stops tight for now...
Time Zones, Divergence and MACD resistance zone pointing the pair lower below 97.60
Divergence and bear pennant - waiting for confirmation to short below 93.40
Seeing some divergences that could resolve bullish in MACD & RSI, but waiting for a break out of the rising wedge (bearish) / iH&S (bullish) to provide a tell to future price action.
Priceline is in a neutral zone at the moment, but I'm looking for a move into previous highs soon. Conversely, a breakdown could open up a big down move into the $935 area. Keeping powder dry and waiting for more information via price. 60/40 bull bias for now.
Intra-session Head and shoulders top appears to have triggered.