Greetings everyone and happy holidays…here are a few charts that I focus and plan to trade upon them over the coming weeks. I’m not currently tweeting as I’m out of the office for the entire week…but overall expect markets to get rough near the end of December and the start of January.
SPX a possible fractal replay to the brexit price action.
Coffee testing weekly cloud. Oversold. Expecting strong upward reversal.
USDJPY and NIKKEI ready for a reversal?
AMAZON, 795$ key level to short, 735$ key support level. Downside potential big.
Sugar the next big bullish move? Maybe we will taste its sweetness.
Gold is preparing for its next leg up towards 1,500$
In my watch list to short are stocks like ALK, AXP, DFS, GS, USB and PRU. Overbought divergence signs (triple most common), many bearish wedges, get ready to sell sell sell these if support (recent lows) break down.
Take care and have a great holiday season!!! Go spend some time with family and friends…the markets will still be here providing trades and opportunities to make money….