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2016/11/09 – Intraday Charts & Game Plan

Futures

 

Dow 30

Support: 17734, 17409

Resistance: 18030, 18100

Game Plan:  Panic plunge under down trendline post Trump victory but a ferocious squeeze retraced right back in the middle of no where. Sell rallies towards 200MA and downtrend line at 18100 area

20161109-YM.png

S&P 500

Support: 2120, 2105

Resistance: 2135, 2160

Game Plan:  False break from downtrend and waterfall plunge followed post Trump victory. Found support at neckline breakout post-Brexit. Similarly sell rallies towards 2110-2120 until further notice.

20161109-ES.png

 

NDX 100

Support: 4667, 4548

Resistance: 4701, 4760

Game Plan: Plunged off 200MA to backtest steep down channel line before bouncing. Now back inside a large ascending channel. Short on confirmed 4hr close under 4667.

20161109-NQ.png

Crude Oil

Support: 42.89, 43.06

Resistance: 46.05, 46.5

Game Plan: Chopping in a relatively small tight range. Trade the 43-46 range in ST.

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Gold

Support: 1286, 1270

Resistance:  1306, 1330

Game Plan: Spiked up and back under key resistance of 1306. This is bearish development unless on daily chart can close back above 1310 to negate bearish H&S pattern.

20161109-GC.png

10-Yr Treasury Note

Support: 129.15, 128.63

Resistance: 129.42, 130.2

Game Plan: Massive spike and crumble back inside wedge. Look out below if we break through wedge to the downside, with 128.63 March swing low the initial target

20161109-TY.png

 

US Dollar Index

Support: 96.8, 95.81

Resistance:  98

Game Plan: Spiked 98 resistance before plunging to bottom of wedge and then bounced right back up. Go long on retest of top of wedge just under 97.

20161109-DX.png

Nikkei 225

Support: 16225, 16050

Resistance: 16961, 17122

Game Plan: Earlier spike up were rejected between 17400-17500 before the fateful plunge to 16200. Now in the middle of no where once again – look to sell at 200MA just under 17000.

20161109-NIKK.png

 

 

 

Currency Pairs

USD/JPY

Support: 102.59, 101.27

Resistance: 104, 104.61

Game Plan: Plunged to just ahead of 101 before bouncing to 200MA. Still a confirmed double top at 105.5 and 104 should present strong resistance. Likely retest 100 handle in coming days at bottom of up channel.

20161109-USDJPY.png

 

EUR/USD

Support: 1.10, 1.0956

Resistance: 1.1127, 1.1150

Game Plan: Huge fakeout and remained capped under descending trendline. Sideways trading most likely between 1.10 and 1.1150 in the ST.

20161109-EURUSD.png


GBP/USD

Support: 1.2346, 1.2311

Resistance: 1.2549, 1.2720

Game Plan: ST double top at 1.2544, but continue to hold above broken descending channel on the downside. Sideways trading until one way breaks. Buy dips towards 1.2310

20161109-GBPUSD.png

AUD/USD

Support: 0.7666, 0.7631

Resistance: 0.77, 0.7720

Game Plan: Series of false breakout, chop galore remains the theme. LT uptrend held on post-Trump plunge. Continue to trade the edge between the trendline and April top.

20161109-audusd


 

USD/CAD

Support: 1.3263, 1.32

Resistance: 1.345, 1.352

Game Plan: False breakout above channel as directionless trading continues. Trade the edges between the channel.

20161109-USDCAD.png

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