06/21 - 06/22 DT

greenback

I was on the way home from my travel most of the trading time. Missed most of the drama. Hope you guys had lots of fun!
Well what a bloody day, but I hope my comments based on the eight asset classes may give bulls some comfort ...

Let's start with bonds, ZB and ZN. Given today's huge sell off in stocks, the bonds were only up modestly. Somehow bond traders still don't believe the macro is that bad or there are some other reason preventing them rushing into bonds like they did at the end of May. The charts so far show that they are back testing the trend lines ... let's see how they both go ...

greenback

Again, JPY traders agree with bond traders. JPY has decisively broken down: we had follow through today, the next S/R level is 80.5 according to the chart.

EURO is testing the S/R level of 1.255 ... should rebound from here first ...

greenback

GOLD and CRUDE are even more bloody ...
GOLD has broken down from the triangle following CRUDE ... now it's testing the previous low ... a higher low would be nice to see for bulls ...

CRUDE seems to have finished three legs down ... see the magenta lines ... the down legs are getting small ... it's 50% of the first leg IF it stop right here.

silicon_beaver

Thank you very much.
So late Laoda still works on homework.

greenback

Stocks are relatively stronger ... still in the channel ... NQ actually stopped just a bit below the short term trend line ...
If they both rebound from the 38.2% pullback (see the fibo line), it's still healthy.
Otherwise, the next down target would be 50% fibo (68.2% for NQ), the lower bound of the previous consolidation range.

silicon_beaver

Good night greenback Laoda,
I was waiting for your ES analysis. Now I have read it. Time to sleep.   

chickencoop

thanks Green laoda.

Forevergreen

Thanks, and GM

azure4068

开盘这几个bar，咋看的就是要涨啊。。。

greenback

azure4068 发表于 2012-6-22 09:56
开盘这几个bar，咋看的就是要涨啊。。。

ZB and ZN are reversing after retesting the trend. The move is much larger than stocks! Does this support a good green day in stocks?

azure4068

azure4068 发表于 2012-6-22 09:56
开盘这几个bar，咋看的就是要涨啊。。。

有3pt的机会刚才，现在难说了

Forevergreen

Piggy day..... will see the direction in the afternoon...

azure4068

small range so far, 无法大展拳脚了，对称三角形，waiting for breakout

azure4068

greenback 发表于 2012-6-22 10:14
ZB and ZN are reversing after retesting the trend. The move is much larger than stocks! Does thi ...

偶DT，看不了太远，止赢就3～5pt。看图说话

如果突破1330， green day的机会很大

azure4068

Forevergreen 发表于 2012-6-22 11:30
Piggy day..... will see the direction in the afternoon...

azure4068

what a boring day!!!

Forevergreen

九天

EURUSD, my hope
1. target 1,2444
2. target 1,2287