Stating the Obvious. SP500 is in a Bull Market

April 21, 2017

It’s always nice to end the week with the obvious and you don’t get much more obvious than this bullish setup on the S&P 500. S&P 500 Daily: Click on chart to see a larger view. The SP500 daily chart …

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EUR/GBP Support. Here We Go Again!

April 20, 2017

Here we go again! If you’re a regular reader of the blog, you know we’ve been trading the same EUR/GBP support level for what seems like forever now. After breaking out of resistance back in June on the back of …

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GBP/USD Rockets Higher as British PM Theresa May Calls Election

April 19, 2017

GBP/USD rocketed higher after British Prime Minister Theresa May shocked markets by first making an unscheduled announcement and then calling a June 8 election. Prime Minister May alerted the people that she has recently and reluctantly come to the decision …

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Trading Psychology Thoughts and an AUD/NZD Retest

April 18, 2017

Good morning and welcome back to your trading desks! I take it that everyone who had the opportunity of a long weekend enjoyed the time away from their charts whether they celebrate Easter or not. The mental aspect of trading …

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