Expo Videos
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Other TA (crosses, TOC, etc.)
IN GENERAL - continue to watch crude, which has been leading markets on the way down. Near term focus is on the December low and resistance is 9865. Ditto on copper (see below), which also exhibits a well-constructed 2 year head and shoulders top.
Prepared by Jamie Saettele, CMT
Prepared by Jamie Saettele, CMT
A 3rd wave interpretation is valid in the DAX. The implications are for acceleration of weakness towards 6170 (former resistance and 200 day SMA) although it is worth noting that price still faces trendline support.
Given the potential for an extended decline in everything (crude, copper, equities), I favor trading the AUDUSD and NZDUSD. There will be sharp short covering rallies along the way and aggressive traders may wish to trade from both the long and short side. The NZDUSD in particular is at support now. Levels are noted
AUDUSD – 10225 10165 10110 10045 9860
NZDUSD – 7990 7940 7880 78107740 (2012 low)
Innovative Techniques with Traditional Technical Indicators
Trading with the Elliott Wave Principle
Seeing the Forest from the Trees: An Analysis of Global Markets
Afternoon Technicals (all charts)
Other TA (crosses, TOC, etc.)
IN GENERAL - continue to watch crude, which has been leading markets on the way down. Near term focus is on the December low and resistance is 9865. Ditto on copper (see below), which also exhibits a well-constructed 2 year head and shoulders top.
Prepared by Jamie Saettele, CMT
Prepared by Jamie Saettele, CMT
A 3rd wave interpretation is valid in the DAX. The implications are for acceleration of weakness towards 6170 (former resistance and 200 day SMA) although it is worth noting that price still faces trendline support.
Given the potential for an extended decline in everything (crude, copper, equities), I favor trading the AUDUSD and NZDUSD. There will be sharp short covering rallies along the way and aggressive traders may wish to trade from both the long and short side. The NZDUSD in particular is at support now. Levels are noted
AUDUSD – 10225 10165 10110 10045 9860
NZDUSD – 7990 7940 7880 78107740 (2012 low)
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