$USD - Chart Link- have to give myself some
credit for suggesting that bearish break in symmetry 3 weeks ago
argued for a top in the Dollar when most thought it would make a
new high - symmetry wins again
$USD - Chart Link- daily chart, got smashed on
Friday when I was gone
Good calls, Matt! You also gave some great ideas on the gold
stocks with that theme and some other individual ideas otherwise
too that did very well.
Saw your other post too on the COMPQ, good callout. Steve posted
about the put/call too. Here's an image of the put/call, just wow
(first attachment).
Long term RSI as we approach the 200 day is getting overdone
here. It isn't to my "I can't believe it got here" level yet (as it
was in August), though it is getting my attention. (Higher 60s to
low 70s are good reversal levels-second attachment) If it goes up
there, that is my "I can't believe it got here" type area for
trading.
Lastly, I'm certainly going to trade each day as its own, though
I have to respect that there are two glaring gaps below at 3,748
and 3,583. I don't know the timing on when they fill, though they
will most likely fill at some point. First upside gap at
4,110.
Posted by timebandit on 13th of Nov 2022 at 06:37 pm
Last time $CPC got to this area was mid-March. Also went below
lower band then. But note that there wasn't much if any downside
and the high came seven trading days later. Not predictive of
anything, just indicates that readings like this don't mean the
market has to tap the brakes (though it could).
US Dollar, EURO, YEN
Posted by matt on 13th of Nov 2022 at 12:39 am
$USD - Chart Link- have to give myself some credit for suggesting that bearish break in symmetry 3 weeks ago argued for a top in the Dollar when most thought it would make a new high - symmetry wins again
$USD - Chart Link- daily chart, got smashed on Friday when I was gone
FXE - Chart Link- BOOM!
$JPYUSD - Chart Link- BOOM off that 1998 level
Good calls, Matt! You also
Posted by fundamentalvalues on 13th of Nov 2022 at 05:56 am
Good calls, Matt! You also gave some great ideas on the gold stocks with that theme and some other individual ideas otherwise too that did very well.
Saw your other post too on the COMPQ, good callout. Steve posted about the put/call too. Here's an image of the put/call, just wow (first attachment).
Long term RSI as we approach the 200 day is getting overdone here. It isn't to my "I can't believe it got here" level yet (as it was in August), though it is getting my attention. (Higher 60s to low 70s are good reversal levels-second attachment) If it goes up there, that is my "I can't believe it got here" type area for trading.
Lastly, I'm certainly going to trade each day as its own, though I have to respect that there are two glaring gaps below at 3,748 and 3,583. I don't know the timing on when they fill, though they will most likely fill at some point. First upside gap at 4,110.
Last time $CPC got to
Posted by timebandit on 13th of Nov 2022 at 06:37 pm
Last time $CPC got to this area was mid-March. Also went below lower band then. But note that there wasn't much if any downside and the high came seven trading days later. Not predictive of anything, just indicates that readings like this don't mean the market has to tap the brakes (though it could).
Correct.. does not imply anything
Posted by steve on 13th of Nov 2022 at 09:29 pm
Correct.. does not imply anything immediate but shows how participants have changed