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The one-two punch of St. Louis Fed Bullard and Chair Powell could have not been clearer. The Fed now has a dovish tilt. Yesterday Powell remarked that given the lack of inflation pressure emulating for the US economy, the Fed has the right and ability to target economic growth...
Pivot (invalidation): 52.50 Our preference Long positions above 52.50 with targets at 53.75 & 54.60 in extension. Alternative scenario Below 52.50 look for further downside with 52.10 & 51.60 as targets...
Pivot (invalidation): 14.7300 Our preference Long positions above 14.7300 with targets at 14.8600 & 14.9200 in extension. Alternative scenario Below 14.7300 look for further downside with 14.6900 & 14.6500 as targets...
Pivot (invalidation): 1320.00 Our preference Long positions above 1320.00 with targets at 1329.00 & 1335.00 in extension. Alternative scenario Below 1320.00 look for further downside with 1316.00 & 1312.50 as targets...
Pivot (invalidation): 2778.00 Our preference Long positions above 2778.00 with targets at 2822.00 & 2838.50 in extension. Alternative scenario Below 2778.00 look for further downside with 2762.75 & 2744.00 as targets...
Pivot (invalidation): 12027.00 Our preference Short positions below 12027.00 with targets at 11840.00 & 11770.00 in extension. Alternative scenario Above 12027.00 look for further upside with 12110.00 & 12170.00 as targets...
Pivot (invalidation): 5.7920 Our preference Short positions below 5.7920 with targets at 5.7450 & 5.7210 in extension. Alternative scenario Above 5.7920 look for further upside with 5.8270 & 5.8590 as targets...
Pivot (invalidation): 0.6985 Our preference Long positions above 0.6985 with targets at 0.7005 & 0.7025 in extension. Alternative scenario Below 0.6985 look for further downside with 0.6970 & 0.6955 as targets...
Pivot (invalidation): 1.3415 Our preference Short positions below 1.3415 with targets at 1.3350 & 1.3330 in extension. Alternative scenario Above 1.3415 look for further upside with 1.3450 & 1.3480 as targets...
Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9900 & 0.9870 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9950 & 0.9970 as targets...
Pivot (invalidation): 108.00 Our preference Long positions above 108.00 with targets at 108.25 & 108.35 in extension. Alternative scenario Below 108.00 look for further downside with 107.80 & 107.55 as targets...
Pivot (invalidation): 1.2685 Our preference Long positions above 1.2685 with targets at 1.2715 & 1.2740 in extension. Alternative scenario Below 1.2685 look for further downside with 1.2670 & 1.2650 as targets...
Pivot (invalidation): 1.1245 Our preference Long positions above 1.1245 with targets at 1.1275 & 1.1290 in extension. Alternative scenario Below 1.1245 look for further downside with 1.1230 & 1.1210 as targets...
The decision made by the Reserve Bank of Australian to cut its Cash rate by a quarter-percentage point to historical low 1.25% came as expected. The statement made by RBA Governor Philip Lowe two weeks ago already signaled the intention...
The market has shifted into a defensive position as risks to the downside have increased. US Treasury yields came under pressure pushing 3m – 10Y spreads deeper into the inverted territory. USD was sold as St...
Classic Trade on 100 tick chart UJ - Weis Wave with Alert and Speed Index works nicely on tick charts. Six Reasons to enter Long: 1. High Speed index of 3.9 at Support 2. Immediate bullish reaction 3. Decreasing Volume on Down Waves...
Pivot (invalidation): 54.00 Our preference Short positions below 54.00 with targets at 52.10 & 51.45 in extension. Alternative scenario Above 54.00 look for further upside with 54.75 & 55.70 as targets...
( Pivot (invalidation): 14.6600 Our preference Long positions above 14.6600 with targets at 14.8300 & 14.8700 in extension. Alternative scenario...
Pivot (invalidation): 1318.00 Our preference Long positions above 1318.00 with targets at 1328.00 & 1333.00 in extension. Alternative scenario Below 1318.00 look for further downside with 1312.50 & 1309.00 as targets...
