A bearish breakout would be a bad omen for the stocks bulls. And would confirm my bearish view for the stocks market. We have broken below the main long term rising trend line recently, a follow through the major support level around 115.50 would be seriously bearish for the pair and for risk around the globe.
thanks tech...as usual u r the best....and its my idea on daily
FXSayWhat
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Did you know there was a hike in last Dec? did you see the strong job report last Friday? and 105.50 level? hum....
Technician
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It already fell almost 1000 points since then. These are old stories, look into the future.
Csys
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Agreed.
Technician
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Thanks Buddies.
I want to stress on the point that we need to see a break first.
Olu
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Thanks Technician. We must get a breakdown first. There is no point selling into a bounce or a recovery. the downside if confirmed is enough to lose the highly speculative first 75pips or so
jhakas
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agree..! uj and spx500 still coiling around supports but still holding.. spx500 holding 1870 and has been tested 3 times but everytime pushed above 1900.. but 4th test of 1870 indeed dented some bullish push.. as now spx500 @ 1881.. if anyhow break of 1870 in spx500 then i see 1st sign of uj to crack 116.. and if holds and went up above 1900 then i see uj towards 120 again..
Olu
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Hi JHakas. Well done on that Nzd trade. Applause. Applause. Applause
jhakas
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thx.. nfp given nice retracement in nzd.. so another buy opportunity..