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.
This article was prompted by a tweet I saw this morning posted by Linda Raschke. where she raised the issue of Growth versus Value and whether there might be some shift evolving in their relationship to each other. This concept intrigued me and got me exploring charts for some further clues about this relationship, and, […]