- #21,263
- Mar 30, 2016 6:52pm Mar 30, 2016 6:52pm
- | Joined Jun 2013 | Status: Trader | 1,144 Posts
Do you guys follow the US S&P? I have a bullish count on the market and although the wave count is intact as far as EWP rules are concerned, the price action is not consistent with the count, i.e. prices has traded outside of the channel for a while, and it's supposed to be a wave 3 at multiple degrees but it's just floating higher instead of shooting higher. I peg the 2008 level as firm support to keep the bullish trend on track. Do you guys have any opinion on the S&P, or any other correlated market? {image}
Greeting,
I follow SPX on daily basis not intraday though,
it seem your target is reachable but beforehand it might consolidating below 2100 for a while..
- #21,264
- Mar 31, 2016 2:39am Mar 31, 2016 2:39am
- Joined Jun 2010 | Status: zero | 20,603 Posts
EU sentiment analysis
derived from Oanda
although over two-third of the traders have short positions in EU
the overall sentiment seems to be bullish the EU, because the vast majority of open orders are long orders
derived from Oanda
although over two-third of the traders have short positions in EU
the overall sentiment seems to be bullish the EU, because the vast majority of open orders are long orders
- #21,270
- Apr 1, 2016 1:54am Apr 1, 2016 1:54am
- Joined Jun 2010 | Status: zero | 20,603 Posts
one ideas of many
EU 30min TF
Suggestion is: when price breaks the upsloping channel, we may be in for, at least, a somewhat deeper retracement
EU 67% bulls (inclining fast)
Crude 67% bulls (declining slowly)
Gold 51% bulls (neutral reading since nearly two weeks)
DXY 37% bulls (decling fast)
most retail broker outlets show heavy bearish positions in EU, but open orders data show, that the crowd seems to wait for slightly lower prices to go heavily long
EU 30min TF
Suggestion is: when price breaks the upsloping channel, we may be in for, at least, a somewhat deeper retracement
EU 67% bulls (inclining fast)
Crude 67% bulls (declining slowly)
Gold 51% bulls (neutral reading since nearly two weeks)
DXY 37% bulls (decling fast)
most retail broker outlets show heavy bearish positions in EU, but open orders data show, that the crowd seems to wait for slightly lower prices to go heavily long
