While the daily shows a slip below the 50%Fib
line and the 'tri' and Bull 'Flag' objectives are at and just below
the 62% Fib -- Notice the 150/MA also at this juncture.
Intra-day - 30 Min we see the potential for a
bounce from the parallel line, with pos divergences...
Caught up in the lower time-frame averages wondering which way
to go. Yesterdays recovery was impressive and kept me long- now we
need the follow through.
We may have seen a back-test of the breakdown line - But
there is a potential Inv pattern forming. I have cashed in
satellite trades, and am unhedged long...
USD - Negated the Inv 'H&S' and may have
negated the Bullish 'Wedge' too.
Heading to the first pattern objective on its UUP proxy.
- 10/DMA is the first resistance. Which is
aligned with the down-trend resistance (Blue Dotted)
Took broke the resistance line on the pop, may want t re-test it
from above and maybe form a RS//...Whichever we are above the mid
Black Dotted, and may ride the top BB up......
FTSE - Has two patterns that dictate
different directions...The Inv 'H&S' (Black Dotted) that
implies higher prices and the 'H&S' (Blue Shading) that implies
lower prices.
For now price needs to get above the averages
intra-day...
Greece Effectively Defaults To IMF Using SDR
Reserves To "Repay" Fund; 1 Month Countdown Begins
Greece tapped emergency reserves in its
holding account
- at the IMF in order to make a 750 million euro payment..
to... the Fund on Monday
- meaning that, as predicted,.... the IMF is now paying
itself.
Athens has one month to.... replenish the account. (Where
from :o)4
Meanwhile, the Fund has indicated... it ...wants no part of
another Greek bailout.
And just to confirm how terminal the
situation for Greece is, MarketNews just reported that Greece now
has a paltry €90 million in cash reserves left. The end of the
world's most drawn out tragicomedy is finally nigh. ;-/
The community is delayed by three days for non registered users.
$Silver - Latest...
Posted by saturn6 on 14th of May 2015 at 06:56 am
Silver - There is a 'Channel' and a 'Triangle' on the lower time-frames.
There is a 'Doji' at the Bull 'Flag' objective seen on the Daily.
The weekly shows good action look at the McD & Volume - RSI attempting to break zero line.
While the actual charts of $Silver shows healthy breakouts on the Daily and Weekly!!.
Raising Stops on remainder...
USD - Latest...
Posted by saturn6 on 14th of May 2015 at 06:43 am
UUP has tagged its first objective.
While the daily shows a slip below the 50%Fib line and the 'tri' and Bull 'Flag' objectives are at and just below the 62% Fib -- Notice the 150/MA also at this juncture.
Intra-day - 30 Min we see the potential for a bounce from the parallel line, with pos divergences...
STP - Latest...
Posted by saturn6 on 13th of May 2015 at 12:53 pm
Almost out of the first third...
GEX - Latest...
Posted by saturn6 on 13th of May 2015 at 12:22 pm
Has jumped above the 'Tri-Star' type set up and so am hopeful for the weekly pattern to reach its objective.
Have stops at 3 various levels below 10/DMA on a close basis...
STP - Latest...
Posted by saturn6 on 13th of May 2015 at 12:07 pm
Starting to ease out of a third position bit by bit as it heads into the danger zone - Rolling stops up to in profit on remaining two/thirds...
SPX - Latest...
Posted by saturn6 on 13th of May 2015 at 10:54 am
Caught up in the lower time-frame averages wondering which way to go. Yesterdays recovery was impressive and kept me long- now we need the follow through.
We may have seen a back-test of the breakdown line - But there is a potential Inv pattern forming. I have cashed in satellite trades, and am unhedged long...
$USD - Latest...
Posted by saturn6 on 13th of May 2015 at 10:42 am
USD - Negated the Inv 'H&S' and may have negated the Bullish 'Wedge' too.
Heading to the first pattern objective on its UUP proxy. -
10/DMA is the first resistance. Which is aligned with the down-trend resistance (Blue Dotted)
STP - Latest...
What ddo I do now?...
Posted by saturn6 on 13th of May 2015 at 09:58 am
Hanging in for more, looking to slice a third for a double...
GDX - Latest...
Posted by saturn6 on 13th of May 2015 at 09:40 am
Took broke the resistance line on the pop, may want t re-test it from above and maybe form a RS//...Whichever we are above the mid Black Dotted, and may ride the top BB up......
SLV - Latest...
Posted by saturn6 on 13th of May 2015 at 09:32 am
Patience pays...'Flag' Objective achieved...
FTSE - Latest...
Posted by saturn6 on 13th of May 2015 at 05:52 am
FTSE - Has two patterns that dictate different directions...The Inv 'H&S' (Black Dotted) that implies higher prices and the 'H&S' (Blue Shading) that implies lower prices.
F or now price needs to get above the averages intra-day...
$USD - Latest...
Posted by saturn6 on 13th of May 2015 at 05:33 am
USD - Confirmed the Bearish 'Morning Star' on the daily as it failed at the 10/MA so see if the 50%Fib can hold it..
Narrowing in on the intra-day we see the Bullish 'Wedge' is still a player, also we can now determine a potential Inv 'H&S'...
SPX - Latest...
Posted by saturn6 on 12th of May 2015 at 03:32 pm
Recovered nicely and filled the 'Gap' Leaving a 'Hammer' on the 20/DMA...
SLV - Latest...
Posted by saturn6 on 12th of May 2015 at 03:30 pm
'Pennant' after the break...
GDX - Latest...
Posted by saturn6 on 12th of May 2015 at 03:29 pm
Pressing the line again...
Good idea!...
What ddo I do now?...
Posted by saturn6 on 12th of May 2015 at 03:13 pm
I'll sell a few hundred K at resistance and keep the majority with stops split at entry and in profit...
What ddo I do now?...
Posted by saturn6 on 12th of May 2015 at 02:44 pm
Greece - Latest...
Posted by saturn6 on 12th of May 2015 at 01:51 pm
Greece Effectively Defaults To IMF Using SDR Reserves To "Repay" Fund; 1 Month Countdown Begins
Greece tapped emergency reserves in its holding account
- at the IMF in order to make a 750 million euro payment.. to... the Fund on Monday
- meaning that, as predicted,.... the IMF is now paying itself.
Athens has one month to.... replenish the account. (Where from :o)4
Meanwhile, the Fund has indicated... it ...wants no part of another Greek bailout.
And just to confirm how terminal the situation for Greece is, MarketNews just reported that Greece now has a paltry €90 million in cash reserves left. The end of the world's most drawn out tragicomedy is finally nigh. ;-/
Ratio...
SLV - Latest...
Posted by saturn6 on 12th of May 2015 at 11:31 am
GDX:GLD is currently above the 20/MA on the hourly, Daily and Weekly. Also has a potential Inv 'H&S' being plotted...
SLV - Latest...
Posted by saturn6 on 12th of May 2015 at 11:00 am
The Black Dotted did indeed offer support - looking for a breakout of the Red Dotted resistance and the Bu;; 'Flag' on the Daily...