wednesday, page-8

Thanks for that

Have a look around the times the 195ema is tagged and or crossed, its usually a reversal of some sorts, now it can keep going but in a perfect world I would like the 41ema to be tested now as a support and then possibly the markets would go higher into mid September.
If we make a V Line for the lower double top 6/8 aug, then I will be watching very closely for a lower sing top, the safest place to enter a short IMO, unless there is a 458 mulitple number close by like April high:)))

Having said that I shared the UUP chart (USD etf), and thats the main reason markets going up for now. We all know the US is on shaky ground, but they have been like that for 3 years ?

In summary trade what you see but be cautious in \your approach. The nights I sit up to trade the dow Im happy to go either way as long as there is a quid in it.

Banks usually rock the markets too IMO, up and down.


These levels if it wants to reverse

SP500 - 1129
SPI - 4580
XJ) - 4622/4650
Dow - 10720/10920