Possible short on GUWith the recent growth on GU due to the speech, a wedge has formed on the D chart. With a long wick, expect GU to go down some in the coming days/weeks. Be smart and use good risk management. Good luck!
J
Graph
USD/CHF - Breakout pendingWill be looking to take a long position on USD/CHF based on the following reasons:
- 0.618 fib support held strong
- Inside a falling wedge which is normally a sign of reversal
- Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue
As always, trade safe
1985 is MASSIVE for SP500Hi traders,
This is my daily graph on SPX (SP500), 1985 is massive and if we break, I expect a very quick drop and then we can use the same level as resistance. At 1985 we have a channel line which started in May 2013 and also trend line and horizontal line which is support.
Keep this level in mind 1985!!!
Good luck!
Thiago Duarte
thiago@duarteinvestmetntgroup.com
@thiagotrader
