A reminder that key global equity indexes remain very overextended
and as a result the overdue correction may be sudden.
USDCHF / GBPCHF / CADCHF are bullish.
GBPCHF long 1.5101
USDCHF long 0.9289
AUDUSD short 1.0130 [closed 1.0139]
Australian All Ordinaries index weekly chart shows rising wedge with
probable double top. A bearish picture.
30 year U.S. Treasury bond futures daily chart bullish signal confirmed.
Weekly and monthly charts are neutral.
EURUSD long 1.3746 [closed 1.3750]
AUDJPY long 82.983 [closed 82.964]
USDCHF long 0.9308 [closed 0.9305]
EURUSD short 1.3744 [closed 1.3747]
AUDUSD long 1.0105 [closed 1.0143]
A reminder that USD strength should increase once the equity correction gathers momentum.
Just looked at a NETFLIX weekly chart and I see it’s gone parabolic, so a major retracement is expected.
EURNZD short 1.8411 [closed 1.8414]
EURSGD long 1.7599 [closed 1.7645]
I’m sticking to my Feb 22nd call that 12,391 was the top on Feb 18 2011 and marks the end of the rally.
S&P500 weekly chart with updated rising wedge.
EURSGD long 1.7599
AUDJPY long 82.611 [closed 82.458]
EURSGD long 1.7587 [closed 1.7593]
EURAUD short 1.3685 [closed 1.3687]
GBPAUD long 1.6185 [closed 1.6164]
Will update rising wedges tomorrow.
‘12,400 should be the DOW top – let’s see if i’m right’
Weekly charts remain bullish ~ EURNZD / GBPAUD / EURAUD
USD choppy and sideways.
GBPAUD long 1.6185
AUDJPY long 82.979 [closed 82.932]
AUDUSD long 1.0023 [closed 1.0023]
GBPAUD long 1.6156 [closed 1.6163]
AUDUSD long 1.0020 [closed 1.0016]
EURNZD weekly chart confirms bullish signal.
GBPAUD long 1.6153 [closed 1.6137]
USDCZK long 17.953 [closed 17.941]
GBPAUD long 1.6153
USDCZK long 17.923 [closed 17.938]
GBPAUD weekly chart bullish warning continues.
The overdue Wile E. Coyote equity correction gets even closer.
12,400 should be the DOW top – let’s see if i’m right.
Last price 12,271
USDCZK long 17.923
Key global equity indexes remain very overextended and as a result
the overdue correction may be sudden.
A reminder that S&P500 monthly chart volume has been declining
steadily since the March 2009 rally started. Declining volume during
an uptrend or downtrend can signal trend weakness.
USD buying support / EURUSD selling pressure returns. Thus we return
to the recurring pattern as the dollar continues to wind up for a rally.
USDCZK long 17.932 [closed 17.908]
GBPAUD weekly chart gives bullish warning.
GBPJPY weekly chart gives bullish signal.
USD buy support returns…
USDCHF long 0.9501 [closed 0.9502]
AUDJPY weekly chart reveals what’s been happening since the crash
and the ‘recovery’. The smaller wedge that starts mid 2010 reveals a
weakening trend despite the QE intervention. This chart should not be
ignored in my view.
USDCHF short 0.9564 [closed 0.9498]
USD selling pressure continues for now.
USDCHF short 0.9564
USDPLN long 2.8864 [closed 2.8799]
GBPAUD long 1.6073 [closed 1.6069]
USDCHF short 0.9637 [closed 0.9588]
S&P500 monthly chart with updated rising wedge scenario.
USDCHF short 0.9637
USDCHF short 0.9637
USDCHF long 0.9664 [closed 0.9628]
EURO buying support / USD selling pressure reappears yet again …
EURGBP: although daily and weekly trends are bullish to neutral –
the increasingly influential monthly chart gives bearish warning.
The monthly chart has more overall influence than smaller time
frames like daily and weekly.
Preferred USD proxies atm : USDCZK / USDDKK / USDCHF
Back to the usual DOLLAR STRENGTH … blah blah blah, you know
the rest …
USDCHF long 0.9664
USDCHF short 0.9663 [closed 0.9638]
USDCZK long 18.016 [closed 17.995]
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Have been asked to give a concise summary of what I see ahead.
When DOW/S&P500 etc. overdue correction commences, I expect:
UP:
US Dollar and various USDXXX currencies
DOWN:
EURUSD, AUDUSD, NZDUSD, Base metals like COPPER, CRUDE OIL,
GOLD/SILVER
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