Market Outlook
- Thread starter GrandSupercycle
- Start date
SP500 daily chart megaphone wedge continues.
GRAND, USD weekly is already in a bulltrend after reversal months ago so its redundant to be giving bullish warnings. Go back to June to see the then aborning bulltrend - update the chart shown to see the bull blossom and bloom.
Bearish for stocks and commodities is an understatement. More like gangland rape will be accelerated. If Gold breaks the obvious uptrendline, the Dollar will have her in a choke hold in one arm and his other arm will be in bone's pocket.
Uploaded with ImageShack.us
SP500 daily chart reverts to bearish/neutral and further downside expected.
EURUSD / AUDUSD rising wedge on daily chart looking confirmed.
Originally posted Feb 16, 2011:
âWhen DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals
like COPPER etc, CRUDE OILâ
EURUSD / AUDUSD rising wedge on daily chart looking confirmed.
Originally posted Feb 16, 2011:
âWhen DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals
like COPPER etc, CRUDE OILâ
SP500 Bear vs Bull battle continues and bulls reassert control.
USD daily chart reverts to bearish which should support stocks.
USD daily chart reverts to bearish which should support stocks.
Back to my AUDUSD $1.13 target from Oct 24.
Bullish USD weekly/monthly and bearish SP500/DOW monthly
charts will eventually ensure a violent reversal of equity uptrend.
Guaranteed.
charts will eventually ensure a violent reversal of equity uptrend.
Guaranteed.
You probably have me on ignore even though I am trying to engage a meaningful dialog with you. But your problem is that instead of extrapolating your FX signals to the Index, you should be keeping them separate.
And yes, I looked at your stupid blog. Your trades aren't as bad as your calls.