The S&P500 has stalled under the all time high region, near 3,400, and the US$ is a bit weaker. This US$ weakness has helped to trigger some trend line breakouts.

Last week: It was another relatively quiet week for many of the Forex pairs I monitor as the US$ index struggled for direction following the recent bearish break below a 10-year support trend line. The print of plenty more Spinning Top weekly candles being a good reflection of this indecision activity. The best breakout move […]

The US$ Index closed with another indecision style bearish-coloured candle as price action consolidates near the recently broken 10-yr support trend line. Price action is back below the 4hr Cloud and also looking a bit like a Bear Flag but caution is needed as the index weaves very closely to the 4hr Cloud and could […]

The S&P500 has lost some of its puff as it struggles under the resistance of the previous all time High, circa 3,400 region. The US$ index remains range-bound and, as I cast my eye over all the charts, it seems to me that many instruments are simply marking time; waiting for the next big trigger. […]

The rally on Gold has, at least, paused and the metal pulled back to the key $1,900 level that has been our focus and this was despite the US$ remaining range-bound. This trend line breakout came with a great short term trade signal as well.