Wed 9th July (8.15 pm) No new TC signals after the 7 pm candle close. Gold and Silver are close though. Wed 9th July (5 pm) Gold: this is trying to form a new TC signal BUT I’ll be waiting until after FOMC minutes to confirm:
Sunday 6th July I have been reviewing the S&P500 and DJIA following their recent ascending triangle breakouts from daily chart patterns. I’ve noticed that potential targets on both of these charts line up exactly with targets taken from different breakout patterns on their monthly charts. I find that strangely spooky but reassuring at the same […]
Friday 4th July The three major US stock indices have made recent bullish breakouts and I am on the lookout for bullish continuation here. I have reviewed some stock indices and ETFs and then posted charts of some key US and Aussie stocks that I keep stalking and trading! S&P500 index: this has made a bullish […]
Fri 4th July (4.30 pm) GBP/JPY: I actually think this pair could head to the 200 level which is the region of the 61.8% fib level of the 2007 -2011 bear move. The June monthly candle close above the monthly 200 EMA and the hold above the key 173 level are quite bullish signals here: GBP/JPY monthly:
1st July 2014 June has now closed and we have yet to see the ‘Sell in May and Go Away’ phenomenon for 2014. In fact, it has been the quite the opposite. The S&P500 and DJIA have recently made bullish ascending triangle breakouts and the NASDAQ made a ‘Bull Flag’ breakout and has also made […]