Higher low as part of triangle looks more probable now
코멘트:
Next week pivotal as 2300 support. Generally reflation trade on the ropes but AUDUSD is up which is usually a leading indicator
코멘트:
Large spike in risk off indicators today implies trading low to be made next week
코멘트:
Today very solid accelerating US data supporting markets
코멘트:
Next 3/5 sessions critical. It does seem 2300 is still on the cards. We see whether higher low will hold. Seems something on the downside is missing
코멘트:
French election the decider. Of note, MCCL Oscillator has been rising and making higher lows ever since early March. Clearly, supports more flattish correction/consolidation. Also, looks better alternation wise
코멘트:
Ok, it does seem triangle or flat the only 2 options i can think now left for this Wave 4
코멘트:
Crunch time coming next week most likely by 25 based on some indicators. French elections decider
코멘트:
Essentially we need 2 down days to have conviction buy set up based on levels of my risk off indicators. They are already high so clearly any French election turmoil should be causing them to peak