sverde1

sverde1

S&P 500 in in rising wedge since 2009 and it's comming to an end. Monthly MACD has crossed to the down side, also RSI is slowly dropping.

sverde1

Long term DOWI channel from 1913. We're currently in megaphone pattern which means next move should be down into 5000 area. Correspondingly gold will first fall into 800 area, then shoot up to reach 1-2 ratio between gold and DOWI.

sverde1

After yesterday's SNB decoupling from 1.2 peg, CHF was trading in downward channel as result of foreign capital inflow from more unstable countries (Russia, Ukraine, Belarus, Greece, etc.) and also as result of fears that EU is going to release large QE in near future.

sverde1

Moving average crossing has in the last 40 years always been indicator of trend change in DXY. Moves were also indicated by Stochastic and BBW. Now we're bottoming on BBW (haven't reached this narrow width of Bolinger bands since 1980), made two bottoms on Stochastic in the recent past and Moving Average is very close to crossover. I think we could shoot up to...

sverde1

EURUSD still has to retrace to 0.382 Fib level, then bears should pull it to next support at 1.33.

sverde1

We need to test out 1.38 area again, then we can head lower towards 1.32 area.

sverde1

I have a bearish view on EURUSD pair until end of 2014. Fed started with tappering, ECB talking about their own version of QE etc.