This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
I LOOKED AT YOUR CHARTS THAT YOU HAVE POSTED . THE EUROSTOXX , IS VERY CLEARLY INTO A VERY BEARISH POSITION CHART WISE. IT APPEAR THAT IT WILL BREAK DOWN POSSIBLY WITHIN DAYS AND MOVE MUCH LOWER .
THE UUP ETF IS , AS IS THE $USD , I BELIEVE ABOUT READY TO BREAK OUT TO THE UP SIDE AND I THINK THAT THE 87 -88 AREA ON THE $USD , IS ATTAINABLE . I AM NOT SO SURE ABOUT THE SPX . AS IT IS POSSIBLE THE CORRECTION MIGHT BE OF SHORT DURATION. IF EUROPEAN PROBLEMS BECOME VIEWED AS BEING GREATER THAN WAS IS THOUGHT OF NOW, THEN IT'S POSSIBLE MONEY WILL FLOW IN THE $USD AND THE SPX , MAKING ANY CORRECTION OF SHORT PERIOD OF TIME. IF THAT MONEY DOES NOT FLOW , THEN IT'S POSSIBLE TO SEE 1200 OR LOWER ON THE DAILY TRADED SPX.
THANKS FOR YOUR CHARTS AND VERY WELL THOUGHT OUT T.A. ON THEM . D-KNOX.
HELLO AGAIN;
ReplyDeleteI LOOKED AT YOUR CHARTS THAT YOU HAVE POSTED . THE EUROSTOXX , IS VERY CLEARLY INTO A VERY BEARISH POSITION CHART WISE. IT APPEAR THAT IT WILL BREAK DOWN POSSIBLY WITHIN DAYS AND MOVE MUCH LOWER .
THE UUP ETF IS , AS IS THE $USD , I BELIEVE ABOUT READY TO BREAK OUT TO THE UP SIDE AND I THINK THAT THE 87 -88 AREA ON THE $USD , IS ATTAINABLE . I AM NOT SO SURE ABOUT THE SPX . AS IT IS POSSIBLE THE CORRECTION MIGHT BE OF SHORT DURATION. IF EUROPEAN PROBLEMS BECOME VIEWED AS BEING GREATER THAN WAS IS THOUGHT OF NOW, THEN IT'S POSSIBLE MONEY WILL FLOW IN THE $USD AND THE SPX , MAKING ANY CORRECTION OF SHORT PERIOD OF TIME. IF THAT MONEY DOES NOT FLOW , THEN IT'S POSSIBLE TO SEE 1200 OR LOWER ON THE DAILY TRADED SPX.
THANKS FOR YOUR CHARTS AND VERY WELL THOUGHT OUT T.A. ON THEM . D-KNOX.