NFP: Not F*cking Playing

NFP: Not F*cking Playing

tomorrow brings NFP and markets are pretty coiled up for it. The risk trade is in focus and this can of course push a number of other markets along with it. On the lucky side, VIX slid back below 20 today so premium isn’t as expensive. Straddles can look more...
evergrande as the pin that pops it all

evergrande as the pin that pops it all

I still remember when there was massive skepticism around QE. It was artificial, and basically just a fake leg for global markets until politics could get their shit together and fix the structural problems that had shown at the time. Those problems were pretty...
AUD/USD Weekly Analysis

AUD/USD Weekly Analysis

Last week was a reversal type of outing for AUD/USD, and next week may carry some more as the pair began to budge below the psychological level at .7375. Combine this with a bearish stoch signal and the door appears open for downside in the pair next week. Of...

Apple folds from Fibonacci resistance

Looked at the setup earlier this week, Apple testing Fibonacci resistance, as taken from a 141.4% extension. That’s led to an $8 move off of the highs, with prices now getting back into the territory of short-term support. Buying opportunities may follow next...
CARDANO COMEBACK

CARDANO COMEBACK

Many other cryptocurrencies remain on their back foot. Not Cardano, the green cryptocurrency. As looked at on Wednesday, the coin has broken out to the upside. The levels looked at on Wednesday held true, although timing the breakout proved more difficult than...
Ethereum Support Test

Ethereum Support Test

ETH/USD continues to coil, putting in another test of support at the same Fibonacci level looked at earlier this week. This is right around the 3350 level, which could be considered as a short-term psychological level, giving a bit of confluence to this zone. That...
EUR/JPY Breaks Below 130.00

EUR/JPY Breaks Below 130.00

EUR/USD is still holding above support after this morning’s ECB rate decision, still in profit from yesterday’s Euro setups. EUR/JPY has started to look a lot more clean, too, continuing the bearish engulf setup that was looked at yesterday. Bearish...
S&P 500 Daily Price Levels

S&P 500 Daily Price Levels

S&P 500 Daily Levels & Setup Bullish backdrop, looking for short-term breakout There’s two big zones on either side of price, with a thick zone as ‘s3’ and a thin zone as ‘r2’ – each of which come from prior unfilled gaps...

Cardano folds at Fibonacci resistance

Just posted about Cardano running into Fibonacci resistance. Looks like that resistance is going to hold, already the coin has folded back almost a full dime. Already almost back to the 2.45 area, which remains as support and can keep the door open for bulls.
Cardano Breaks Out to Fibonacci Resistance

Cardano Breaks Out to Fibonacci Resistance

Cardano was brewing a breakout, as looked at yesterday. The 2.45 level was key as this was a prior all-time-high that had come back in as short-term resistance. That level has now been broken as bulls have taken their swing, and prices are finding resistance at a key...
EUR/USD Bounce, EUR/JPY Break

EUR/USD Bounce, EUR/JPY Break

Working through early part of ECB and so far we’re 2 of 2 from the setups looked at yesterday. EUR/USD is bouncing up from support at prior resistance, and EUR/JPY is falling through breakout support. EUR/USD Hourly EUR/JPY Tests Through Support After Bearish...