(summer seasonality a headwind) Target important 26/6 low at 1943 level. Breaking that, next target 1901. Invalidates, close above last recent high.
XAUUSD daily Target area (a) is being reached, 1365-1392 , triangle formation potentiality obstacle(abcde), needs to break through for continuation into target (b) 1433. Support, holding the 5/6 uptrend_line, 1330 support and key 100 sma. RSI is overbought somewhat short term. Weekly Chart is bullish(channels) and RSI.
HUI Gold Stocks Index. Inverse Head and Shoulders confirmed. Target1 300. Retest of neckline possible.
30 year treasury yield. Price is within the 1985' downtrend channel, in this multi-year bull bond market. Interestingly, price is boxed between the 100 and 200 weekly sma, trying to regain the main channel, holding an uptrend minor parallel, after correcting 50% retrace, from the 2012 low run, and completing a possible abc correction from a possible Elliot wave....
(Needs the Split Layout in 2 pages.) for the two indices to appear... Euro Stoxx Banks 600 Index Vs KBW Bank Index With the recent Portuguese Banking sector problems and fears resurfacing, as a confirmation, EURO Banks Index has broken down from a 7 month rising wedge formation, recently rejected on a diagonal support, holding the price under the wedge...
US dollar Index ( weekly ) Within ABCD Triangle pattern. (from 1980 ). CD = 50% retracement of BC ( 121.68 ). High of 2001. Still within a diamond shaped cross channel area(A,B). Supported by 2011 uptrend_line(and channel A), and recent multiple rejections key horizontal support(1992) at 78.60 level. (and 78.78 38.2% retracement) Losing this support, may fall to...
EURCAD Daily. Head and shoulders target 1.44431, almost reached. Potential reaction, on narrowing falling Wedge, reaching 2012 uptrend_line support, wave 5. RSI bullish divergence. Basing within Channel. Narrowing. Oversold, ready for pop. Long on wedge brakeout, 1.47625 retracement(0.236). 200 sma, 50 sma convergence. Corrective Elliot abc.
(chart tools experimenting) Uptrend_line angles Parallels A and B. 93-94' support low 445 0.618(1530), 0.618(10/2007) resistance of years 2000(0.25) - 2007(0.618). 10/2014 7 year Cycle. ( link ) 2200 projection high, (ext 10/2015)
Head and shoulders pattern 6 month. Broke down vs S&P500 Neckline support, now resistance = 200 sma Broke Uptrend_line channel ( blue ), within Downtrend break_line channel. Momentum negative, OBV brakedown. Potential short entry point near neckline(retest possible). 52wk Range: 57.38 - 83.37 Staying below, ~74 level Target 63 (38.2 %) Stop : 74.50
Experimenting-Fun(Only) chart with geometric tools. Triangles, Channels and Fibo Spirals.
TSCO Daily Possible recovery bounce in progress on 50% retracement. Potential short entry on breakout_line retest. Broke down from descending triangle. Rounding top. Under 50 and 100 sma and uptrend_line. OBV is cratering. Momentum is negative. MACD bearish. vs S&P 500 brakedown. EPS 0.35 vs 0.37 52wk Range: 57.00 - 78.17 Target 48 - 49 $ Stop 63