[Mtl JP]

Bobby 9:43 = also known as Gold Miner’s Dilemma

[Belgrade Bobby]

EURUSD 4h

Breakout or Fakeout ?

Never closed above the trendline

Needs two consecutive bars to close above it to confirm.

[wfakhoury Amman]

GOLD
2328.00 is the consolidation level.
2281.00 has been confirmed and will be reached if it stays below 2300.
Use level 2300 for the movement..above it will consolidate to 2328 below it will decline to 2281

[GVI Forex 2]

XAUUSD 4 HOUR CHART — CORRECTION?

Fauikure above 2400 and back below 2350-54 puts XAUUSD on the defensive.

Now needs to hold 2300-20 (2302-18) to keep this from building into a more serious retracement.

[SF Monedge]

Ok Bobby, will have a cup of tea and give it some good thought and circle back (thumbs up)

[Belgrade Bobby]

BTW Monedge, guess you have checked out the Trading pit 

Anything you would like to see there…some add ons ??? I can arange many things…know people that know people 😀

[Belgrade Bobby]

I like Bloomberg Asia – wakes me up in the morning 🙂

[SF Monedge]

Bobby – Bloomberg The Open (Johnathan Ferro – kiss of death cheerleader).  Bloomberg as soon as Chenali from Goldman is the lead (Exceptioinally strong).  Bloomerg Asia – (exceptional).  Cnbc – Enter the water at your own risk.

[SF Monedge]

It put a smile on my face Bobby.  I can’t stand that clown Johnathan Ferro on Bloomberg, it went South as soon as he became lead in the morning, all I can stand is the Asian session in Bloomberg anymore just because of him lol.  Until Chenali comes on in NY proper then its great, she is former Goldman and strong.  The biggest loss I ever took was following the advice of the treasuries guy on Cnbc years ago lol.  Might it be advisable to listen to them but factor in imperfection?

[Belgrade Bobby]

Economic calendar – tomorrow’s data

 

[Belgrade Bobby]

Monedge, what prompted my little rant here is the flood of “positive” news on stocks….at least on line…I had to check it out, just to get pissy….

[SF Monedge]

Bobby – as I mentioned earlier covered calls fell off of a cliff this morning.  That either amounts to everyone getting out or letting them go naked on an uphill run.  If you look as the relation with spot in simple technical terms that anyone can understand, Dxy is holding with rates which supports the idea stocks are not as happy as they seem.  We had a strong close on 4/11 that turned into a pump and dump lasting six days.  Also S/P options did not clear Fridays high mark so not sold on the hoopla at this point.

[Belgrade Bobby]

Tesla – TSLA

Chart speaks for itself.

Last line of defence is at 135.

So long , and thanks for the fish….

[michael Calif]

agree, Bobby …   Option Profile confirmed the Apr 1 high in June e-mini futures as an absolute top; there is no declared bottom yet.

[Belgrade Bobby]

S&P 500 climbs nearly 1% to end the six-day losing streak

 

Closing changes on the day:

·         S&P 500 up 0.8%

·         DJIA +0.7%

·         Russell 2000 +1.1%

·         Nasdaq Comp +1.0%

·         Toronto TSX Comp +0.3%

 

I had to take a look – such a hysteria that started probably with Bloomberg and then whole net took it over.

It is all in the title, isn’t it ?? Well NO !

I would use some nice words to explain this , but I am warned to stay away from profanity , so I’ll just show you Daily and Weekly chart of S&P 500.

Does this look Bullish to any of you ??? Honestly….don’t be shy…

I can see the possibility to try for the double top …maybe 5.200, and then 4.600 here we come.

So much fake news, false information and paid advertisements ….

[SF Monedge]

Noting lower highs all the way back to 4/15 in Usd/Chf.  Price is right where is began in Asia Sunday.

[GVI Forex 2]

NAS100 4 hour chart = HOW DO YOIU SPELL R-E-L-I-E-F

A relief rally so far would need to take out 17396 (on this chart) and then the trendline to suggest the bottom is in for now.

[GVI Forex 2]

AUDJPY 4 HOUR CHART —

AUDJOY is back in familiar territory after last week’s phantom spike to the downside.

On this chart, expect support as long as it trades above .99.00 but would need to clear 100.01 to put the key 100.80 resistance in play.

Note AUDJPY has moved up mainly on the bounce in AUDUSD while USDJPY has barely moved.

This is an e3xmaple pof using crosses to trade spot and following the path of least resistance with USDJOY still reluctant to challenge 155.

[GVI Forex 2]

The currency merry-go-round continues, this time JPY is taking it on the coss chin.in a geopolitical risk on relief day after a quiet weekend.

[SF Monedge]

Bonds are experiencing a bit of moderate pushback on the attempt to catch wind that has been in play since 4/16 (US).  The bid has held since but with this pullback I am paying special attention to the 20yr Index currently at 90.21 and looking like it might test sub-90 and in my view if 89.70 holds we would see yields drop and the Euro as well.  I like to pay attention to a group of things because sometimes you get a little “heads up.”  A bit of an inflection point starting this week.  Just some added input.  You know what my position is on Usd.

[Belgrade Knez]

it would be nice to see EU closing today around 1.0620 …..but …..

 

[SF Monedge]

Just to add a little, covered calls in Dow are very low, Pos/Neg volume is looking like its running out of steam.  Would not be surprised to see Euro drift down and Usd in general sort of hang in there.  A bit weak in conviction in a few ways today.

[SF Monedge]

I would not say it is dominant but Eur puts are slightly stronger than calls so far today to start the week.

[GVI Forex 2]

GBPUSD 15 MIN CHART – COMPARE IT WITH THE EURGBP CHART, LIKE A MIRROR

[GVI Forex 2]

EURGBP 15 MIN CHART – bounced off resistance

I have been citing this cross since Friday;s GBOUSD plunge and again today + in my blog article.

Take a look at GBPUSD price action after this cross-topped out.

Dragged EURUSD off its low but it was a GBPUSD bounce the leader.

[michael Calif]

big picture  …  just as June Gold futures are a top over 2400; June USD futures should decline from 106.00 and June Euro futures should rally from 1.0650, per Option Profile

[SF Monedge]

JP – Regarding your:

April 22, 2024 at 9:37 am

Trading THEME , week of april 22
–
Correctly identify the degree of difference in the messaging on interest rates from ECB and the Fed AND how much traction that theme has with players and you ll have your “go with” or “go against” trade bias

———————————————————————————-

JP it seems to me that ECB wants to start cutting but is apprehensive and waiting for the FED to work in unison.  They are communist after all so they like herd mentality.

[SF Monedge]

Expecting a slight pull back in UsdChf but it would be contra vs the larger picture which appears to remain Dollar bull until proven otherwise.

[Belgrade Bobby]

EURUSD 4h

Watch that Support line – comes at 1.06150

[GVI Forex 2]

This is not the only factor but notice how EURGBP met some resistance and EURUSD lost its bid — testing the top of 1.0615-27

[Author]

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