Forex/Futures ST for Week 6/24-6/28

greenback

Measured move has been reached 100% in the second down leg on the daily chart. There should be a third down leg after another bear flag.

Bulls' hope is that it can't make a breakdown in the third leg, as evident by a less than 100% measured move. Of course it can't break the S/R band in any further push down as we reviewed in the weekend.

greenback

If bulls want to hold their positions, hedging with DX based fund would be a reasonable choice. I'm using unleveraged RDPIX for this purpose in my retirement account. I will reduce the position 50% when it reaches 100% measured move, probably in this week.

greenback

This push down is strong ... already touched the trendline.

greenback

Okay ... so far the rebound looks good ... but it's just a rebound so far ...

LLN

Gold could be a buy for very long term holding.

greenback

First hope of bulls would be MA20, not MA50 by now. Approx. 61.8% retracement. Too bad for bulls ...

This month's actions can be summarized as a break up from a bull flag though it was a failure to make a new high, then it was followed by a break down.

greenback

LLN 发表于 2013-6-26 10:13 AM
Gold could be a buy for very long term holding.

I'll wait until it hits $1000 ... not far away.

I guess another big guy is folding.

greenback

ZN, US 10yr, is promising it this bar closes as green.

greenback

JPY is waiting for tonight's fund flow data ...

greenback

USD is breaking out ... will add more to the 401K position if it holds the line by market close.

LLN

greenback 发表于 2013-6-26 10:08 AM
I'll wait until it hits $1000 ... not far away.

I guess another big guy is folding.

By FA, gold could be  around $1000.

greenback

Bulls are doing good ... maybe MA50 can be reached on the daily chart ...

greenback

A bad-news-is-good-news day ...
http://www.marketwatch.com/story ... ay-gains-2013-06-26

cc2265

Bencat

austinjoe

Thanks for sharing. Could you please share your long term / mid term view on bonds?

greenback

Bulls are doing good ... Here come the first real test ... MA20 ...

greenback

austinjoe 发表于 2013-6-27 12:44 AM
Thanks for sharing. Could you please share your long term / mid term view on bonds?

Bond market overall remains bearish ... Of course there will be a rebound next ...

greenback

Here are bond daily charts ...

Of course JGB, just like NIKKEI, is an exception, which has crashed ahead of time and is in the process of bottoming, consolidation.

greenback

A pullback or consolidation here is a must ... on the hourly chart ...