cletus wrote:The Canadian Dollar is set to fly against the dollar. I think the dollar is doomed because the 20 yr treasury vs TIP is way way too high. Last few times it was this high the dollar crashed.
On the technicals. Well, it is at the bottom of a clear channel.
fwiw ...short term maybe… think the orange line may be stronger resistance.. not so sure about that orange H&S.. but it's there-ish…
Sharing research and ideas only, this is not trading advice.
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uempel wrote:BPNYA is super-strong, but SPX looks like an injured bull, creeping up some cobblestone street. Has not shown any bullish jumps for the last few hours. Was SPX bitten by a Cobra?
Close up of those time signals shown on the previous 1 min chart. My guess is that these signals are fed into the algos of the trading robots - don't know any other explanation.
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descending triangle text book target. not sure because descending triangle generally is not reversal pattern, so if breakout, I'd more believe the target.
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Not that anyone would care about this since price is king and the market stormed to new highs without blinking, but we haven't seen a 10:1 up to down volume day in over a year. At lease good for a pullback??!!!