Wednesday, September 29, 2010

EUR/USD Long Setup

Here's a trade setup I was thinking for a swing trader. Clearly we have a very bullish momentum in EUR but with such strong moves in the last few days, expect a pullback or at least some consolidation back to the new support level at 1.3285 level as both our CCI and MACD confirms overbought readings before a move upwards towards the 1.3900 61.8 fib level.

Friday, September 17, 2010

$ES_F Daily S&P 500 Analysis

This is an update on the daily S&P 500 Chart. Last time I posted I used acc/dist to find the Aug top and now we're back near that level again, but we clearly see acc/dist seems to have broken that resistance level, which is a bullish indication. I'd hold off on doom and gloom analysis and taking shorts on equities for now and wait for moves higher before going long volatility.