As suggested in today's blog update, I have now gone long AUD/USD targeting 0.96 to the upside (4:1 risk/reward)Expect to add to position above 0.9318Stopped myself out. Didn't like the depth and steepness of decline through the trendchannel AUD/USD 60m

Initiating small short position hereWell, that's 5 waves down from today's high. The bullish case says it's a c wave lower, but I suspect it is a nested wave i of (iii)... 1.3296 now critical to the bear case. SL above this level.

Friday's sharp drop and reversal higher opens up the doors for the bulls right here. The DJIA's decline looks corrective and may have already put in it's 4th wave low whereas the SPX looks less clear. The US$ continued its way lower and appears to be consolidating right here without a clear reversal higher. That […]

I'm travelling this weekend, so my update may be a little late on Monday. Another reason I covered my shortsThe DJIA chart doesn't look bearish... targets hit on the downside DJIA 30m

Completed structure??? EUR/USD 60m