Scary Mystery Chart
Care to guess this chart? It's the monthly chart of a popular US sector index. As you can see, it failed to break its 7-year channel right at the same level of the 76.4% retracement of the decline from the 2007 high to the 2009 low. The relative strength index may also indicate further declines towards the mid-point of the channel's height, a break of which may drag it to pre-November levels. i.e. erasing the all of the gains from the Trump's victory rally. Again, this is not FX, commodity, bonds or a ratio. Just a straightforward index. It's a big deal when you find out what is.
The Quiet Trade
by Adam Button | Nov 20, 2017 23:11
GBP & EUR Moves
by Adam Button | Nov 20, 2017 11:08
Dimanche La Journée du Trading
by Ashraf Laidi | Nov 16, 2017 21:47
فنيات اليورو و ديناميات الكونغرس
by Ashraf Laidi | Nov 16, 2017 16:30
Cancelled Head & Shoulder?
by Ashraf Laidi | Nov 14, 2017 22:47