$USD made a false breakout and fell as expected . The fall may be Wave 4) which can go DOWN to $78, or Wave 3)3.3:2 which should have ended soon . Wave 3)3 may end near 81.5 or 83.6 .
........ " as expected " ... that's funny the market only does what is expected right ? 5th wave complete on weekly.... when is big wave 3 coming ?
Three White Soldiers in NASDAQ, and look-alikes in INDU, SPX and TRAN. Have we seen the low of this year ?? Three White Soldiers against resistance trendlines and moving average. What will be the outcome ? INDU's, SPX's and TRAN's MACDs cut trigger lines UP; a peak or a sustain rise . So the Expected False Break is really a false break . SPX's and NASDAQ's 10% UP in 3 days = 700% UP in a year :eek: .
$USD's and VIX's MACDs are cutting trigger lines DOWN. $XEU's and Crude Oil's MACDs are cutting trigger lines UP. Gold's and Silver's RSI UP from 30%. Gold and Silver UP near resistance. VIX DOWN at support. $USD, $XEU and Crude Oil in the middle.
Rule of Alternation type II. "Sometime the Market alternates between False Break and Bull Trap" . Dark Cloud Covers and Shooting Stars follow Three White Soldiers , when indices meet with resistance trendline and moving averages.
Stars in $USD, Crude Oild, and VIX charts, Dark Cloud Cover and Bearish Engulfing in $XEU, Silver and Gold charts, the may be some changes in direction .
$USD met major support as MA(50) crossed MA(200) UP. There may be a rebound to new high . $XEU near major resistances, Jul's low and MA(50) 5 days after death cross. There may be a drop to new low . $VIX showed Hammer at major supports. There may be a rebound to new high . Gold at major resistance, AUG's low. May fall back to $1600 or $1520 . Silver at major resistance, June's low. May fall back to $31 or $29 . Crude Oil at major resistances, MA(50) and resistance trendline. May fall back to $81 .
AUD/USD rebounded from major support, top of Wave 1] and 2]b). Met major resistances; 50% retracement of Wave II, top of Wave 3] and MA(50). May fall as Wave III1]2) to .98 . Note: Right Shoulder may be forming .
I think that we may have gotten a Zweig Breadth Thrust Buy Signal yesterday. It was the 8th day of solid advance/decline numbers and caused a "firing" of Zweig's indicator. I believe that you have 10 days to register a signal. I am not sure of the performance of this indicator. Yesterday's signal barely crossed the "goal-line" if you know what I mean. Very very close. The last time this signal was registered was March 23, 2009 Before that, early August of 1984.