It has been a bit of ‘paint-dry’ stuff across many FX pairs today but the Aussie ASX-200 had another wild ride although, essentially, the index remains range bound. The advantage of this however is that it gives us technical traders some trend lines to focus on!
The S&P500 is consolidating under major resistance ahead of Thursday’s FOMC meeting and there are some key levels and trend lines worth watching for potential breakouts once FOMC news has been released. The 2,000 level is a major S/R zone above current price action and one of the the key levels to watch.
The S&P500, DJIA and NASDAQ are three major US stock indices that have recently broken up through significant resistance levels following lengthy range bound periods. Global stocks have pulled back over recent weeks however and, although the NASDAQ has tested its breakout zone, I had been looking for a deeper purge on the S&P500 and […]
Global stocks have been hammered over recent trading sessions but, in my humble opinion, this is only helping to affect the necessary testing of some key trend lines before any sustainable bullish continuation can possibly evolve. This post reveals charts of some key US stock indices and one stock ETF and the particular levels I would like […]
The EUR has been the mover on the day and, despite the global fundamental picture painting otherwise, it sure looks to be getting its groove back. So does my TC system with three new signal giving up to 690 pips and still open.