I'm looking for the dollar to retreat some and the aussie, euro, canadian to move up. Waiting for the market to show me a hand first. If that happens, should also see a strong move in gold. I also have my eye on a squeeze in sugar for a buying pop.
Bummed that the old content is gone I'm interested in the euro here. Looking to short trying to capture a big move and risking little. We have been consolidating for a while now as the fed flirts around with when they expect to get rates back up. Not sure if it will be a quick move but I expect a roll over in the euro to dollar parity
I'm not big on chart patterns but one that has always done well for me in the past was what I call the 'flying W' And we have a big one formed in the stock indexes. Seen in daily and easier to see on weekly. Usually you get the 'W' formed then a flag formed at the end and then blast off, I'm looking for chop in this flag and then a break higher. With trader consensus at s high level of expectancy for a 10% pullback I think there is a strong case for a stock market rally to new all time highs
The pattern doesn't complete until the flag breakout but I'm watching the action this morning to get into a shorter time frame long entry and let it ride if it goes my way
so many headlines of market commentators telling us not to buy equities. I am not seeing any that are yelling buy buy buy. Makes me feel like the s&p is going to rocket higher soon.
Still sitting in the 'flying W' pattern. Break out of this flag is an early entry. Break of the last swing high is the stronger entry
Articles like this on the top of the news feed build confidence that the top is not yet in on equities
