Re: Wallstreet1928 Analysis & live calls on FTSE,DAX,S&P...aimed to help New traders
This market is relentless. The majors are bouncing off around the 200MA - fundamentals point lower.. but the techs are pointing the market higher.
Its a strange one. Statistically, the 4th quater is usually...
I totally agree. This USD is gonna dump this week. Perhaps the GDP figures on friday is what the USD traders are waiting for, for that extra fundamental confirmation. I see Euro at 1.47 soon and cabel higher too.
Anyway, let's see what happens tomorrow first!
Absolute bedlam in the markets today! This dow is gonna hit 9100 and I see EURUSD above 1.45 soon - unless there is a dollar correction - lets face it, we are due one pretty soon.
I agree. Our patience paid off and the major currencies retraced. My trailing short stop on cable and Euro were hit and I bagged quite a few pips! Its been an awesome week.
I think this is just a brief pull back... there could be more upside to GBP or EUR vs USD. We have non farms tomorrow...
The Nasdaq and S&P500 are now both trading above thier 200 day MA. Cable is up today. I think after a short retracement, it may well see itself at 1.7300 over the next few weeks/months (50% fibo line). Obviously, that is only how it looks today. It only takes another announcement or batch of...
very confusing! The S&P500 has formed a double top.. technically the markets should fall. I'm staying away for now. Gonna place trailing some stops to enter below the gbpusd current levels. Its got to give way soon.
I'm staying away from these markets today.. it does not make sense.. all index indicators are looking lower.. but the market will probably rise today. Its a strange one..
Most indicators are pointing slower as the right shoulder on a H&S for the S&P500 offered some resistance. Cable should also be lower from here.. but never can tell!