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not an expert by any means, but what if this?uempel wrote:State of the art Elliott pattern shown by WTIC ...
exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.fehro wrote:more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..josephli wrote:The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge
https://www.youtube.com/watch?v=WwuP7ILX32EBullBear52x wrote:LL today will not hold up. break down she goes.
PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!josephli wrote:exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.fehro wrote:more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..josephli wrote:The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge
80 hold + gap close next resistance after pass 95 1909 ?Cobra wrote:possible double bottom. no good for bears.
spot on. thank you for your comment.Trades with cats wrote:PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!josephli wrote:exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.fehro wrote:more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..josephli wrote:The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge
btw, i think it is a game of no winner. PBOC has stockpile of treasuries. they will dump treasuries in case yuan needs to be defended. FED apparently would not like that idea as the tightening will be out of controlTrades with cats wrote:PBOC has showed the Fed the strength of the red dragon, and they agreed to a cease fire. Seems to me the Fed made that clear yesterday when they stood down the next attack wave. And we had Deutche Bank pulling the reins in hard on Super Mario. China and now today in Japan we have a disgraced resignation of high level people responsible for failed economic policy. So the cease fire holds and markets are going to have to trade on an old concept, fundamentals, for a little while. With Central Bankers backing off Cobra's magic will be back to full strength!josephli wrote:exactly my thought this morning. JPY is not moving, USD drop. I guess that is good news for most emerging markets as USD appreciation expectation is now subdued. not going to be an easy market to trade intraday wise.fehro wrote:more so.. break down hard… OIL up … as the dialogue will change to USD vs Rubbles vs Yuan for oil ..josephli wrote:The question is how long would the sauds hold longer? we know russians don't want to hold longer and a whole bunch of others want to fix the supply side.Trades with cats wrote:I guess S&P still joined at the hip to CL-this Bloomberg Chart from ZeroHedge