The Day Ahead: AM Edition 2019-12-13
Favor a fade the news type trade on the trade news in SPX. First steps are to drop under 3161 and 3153.
The Day Ahead: PM Edition 2019-12-12
Nice drop in bonds today in what could be [III] of c of (b). Best if this drop pushes to 154^30 or 153^26 for wave [III].
British Pound Futures Update 2019-12-10
Cable has been climbing since early September which was consistent with my prior count of a wave (iv) bounce but in October that count started to have problems with overlap. I think the follow EW count looks better and is at an interesting point. Here I am treating the low this year as a (b) wave and expecting a (c) wave advance for wave [iv]. You can plainly see a five wave move up from the low has taken place and now against resistance at 1.3231. At a minimum, bulls should manage, bears can begin to take a position though lower risk, but worse trade location, if they wait for a drop under 1.3028.
The Week Ahead 2019-12-08
159^24 continues to hold as overhead resist in bonds but we have yet to see them really drop away. Doubt there is much movement till after the FOMC meeting this week. I'd really like to see a test of at least 152^25 in February or March of next year.
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