Since Dec 31st 2013, the upper trend-line touching the swing highs was acting as a resistance. The resistance broke on June 5th and S&P 500 traveled up. Today it started to come back to the resistance line. The touching of upper-resistance line coincided with the bounce off for bonds from swing lows. Bond bounce started…
Trading is a high intensity activity. Succeeding takes a tremendous amount of effort and continuous self-improvement. Inspiration from any and all sources are always welcome. Which brings us to a classic 2009 USC Commencement Address by Arnold Schwarzenegger. Short version is below. In short The Guvanator’s list is: Trust Yourself No Matter What Others Think Break The…
7:00 AM – Reading List Strong Growth in Mortgage Application Futures Decline on World Bank Growth Forecast Trillion-Dollar M&A Quarter UK Unemployment Falls To 5-Year Low China ramps up spending to spur economy 9:00 AM – S&P 500 15 minute view and potential move 12:00 Noon – S&P 500 15 min – ABCD Pattern with D…
A week ago, we wrote about going long in British Pound in June. The favorable time for this trade starts in early June. The price action of GBP/US pair tells us that this trade is getting ripe for getting into soon. We will watch it closely and if the entry signals are generated then will…
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