Seems ED is a possibility in this final upleg into the summer
Komentarz:
Triangle is a bit ugly but does not matter as long as it forms properly
Komentarz:
This whole thing could still play out as a flat meaning could form as irregular flat or running flat. In any way higher highs will follow, the questions is one more downleg to 2300 or higher low as in 2360s?
Komentarz:
Actually flat looks better since will provide alternation which means next week we top out and then sharp decline. Let's see
Komentarz:
Actually could be a larger triangle also. Ahm these 4th wave. Next wave down will decide, if impulsive or corrective what it is
Komentarz:
Triangle should be close to completing on futures
Komentarz:
Complete, lets see whether 2420 is at hand
Komentarz:
ED forming on a lower level seems to me if it breaks below 2380
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So far holding the line at 2380, what a complication
Komentarz:
OK, so it was not a triangle as it seems to me is come form of corrective wave down on a micro level
Komentarz:
Momentum spike on the downside, implying worst is over, At worst a marginal new low should be followed by a new ATH
Komentarz:
Following the general shape so far. Lets' see
Komentarz:
Closed above the 55 dma and good weekly candle bounced off the 20 wma within the BB. So far so good
Komentarz:
Just released CFTC spec net long positioning is neutral, has been cut down significantly. Bullish
Komentarz:
Slightly lowering summer target to 2465/2479
Komentarz:
2nd estimate GDP ticks up to 2% YOY. Goldilocks everywhere. Ongoing acceleration from the bottom in 2Q16
