26/07 Week, page-465

This is why I don't read the news & just trade the charts I see
Nothing makes sense except the charts themselves

I don't agree about US GDP & housing
I've added both for illustration purposes (some people don't like my opinions without supporting data - I have time this morning to do so. Hahaha)

Although US GDP missed forecasts, they were the best they've had in well over a year (I think it will continue to improve as the covid recovery continues)

Housing seems to improve every 2nd month
Recent trend is actually still going up
Next month should see an increase here
Historically, still in line with the past few years

In saying all that, I mentioned yesterday asx needed to cool down
Our futures just did
Time for the xjo to do the same (could be a bull trap this morning if it rushes to the highs too early)
Looking for a 50-100 point short today (depending on how it opens & how high it gets to)
Or could do partial today & finish the rest monday if US do another little dip tonight
Also happy to ride the long up again if it's willing to do so