The futures are "Bloody RED"

Gettin' a little bit of that 8/21-8/23 feeling, but then again I've felt that before only to have Janet Yellen and friends ride in with their TT platforms with buy buttons blazing.
 
heavenskrow said:
It's mainly the U.S. dollar imo.
USD/JPY has been declining post Trump rally ever since December in which we hit a major resistance trendline...which lined up with gold bottoming and Nikkei also hitting resistance area(it has been chopping for almost 3 months now....and last week we may have finally started to get the reversal move).(However Nikkei is currently a few points before breaking key support levels) If that happens, then things can really start moving.

The thing is the U.S. dollar had a bull trap , and its showing signs of getting weaker and weaker as it made a LL and then recently a LH on a 4 hour time frame.

So in terms of global macro.... we either get
A. Bull market continues, selloff would be a headfake before we continue with trend. Bonds continue its decent from July 2016 as well as gold...
B. The correction is starting. Bonds have a huge deadcat bounce, gold continues its rally from December...Nikkei corrects, USD/JPY continues its decline, etc.....

But yeah at least for now it's not bloody red....compared to 2015 August :p
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Excellent analysis! It is the carry trade.
Thanks for sharing.
 
i960 said:
Gettin' a little bit of that 8/21-8/23 feeling, but then again I've felt that before only to have Janet Yellen and friends ride in with their TT platforms with buy buttons blazing.
More...
You talking about the 2015 Aug event? What would be the catalyst this time? That time it was primarily China. Maybe the catalyst this time is crazy overbought enthusiasm and short term bubble pop?

Also funny now that I think about it...we used to care so much about China but hardly ever hear about that now. Although I don't watch much mainstream financial news.
 
Shorting the bounce, retesting of support, a trend, a trend, got to love a trend. Lots of blood in the water, scans show sweet shorts. Thank you for keeping tabs on me How you doin?
 
Nice! For me, 1st qtr of today's game looks like shorting the offers and whacking bids! Buy1Sell2, you may wanna Buy 0 and Sell 5 before lunch! :D
 
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