• Feels like the beginning of a longer term move in stocks. A short-term bullish setup has the potential to fuel an even larger weekly bull flag rally. Shaping up to be a great summer for U.S stocks.
  • More of the same in FX. U.S dollar making new highs while Euro and pound make new lows. USDCAD daily bull flag. USDMXN monthly bull flag. USDJPY daily bull flag. USDCHF daily bull flag. Get the picture?
  • Shorts valid in Gold but don’t expect a lot of downside follow-through. Crude oil still bullish any pullback will setup more long trades.


Market: S&P500

Reason for observation: Daily bull flag setup

Short-term bias: Bullish

Long-term bias: Bullish

This little nested bull flag after last week’s rally is constructive for future bullish price action. A break out of this small pattern can fuel another week’s rally and spring the weekly bull flag potential.


Market: Russell 2000

Reason for observation: New all time highs

Short-term bias: Bullish

Long-term bias: Bullish

Small caps first U.S index to make new all time highs. This is bullish.


Market: U.S Dollar

Reason for observation: Daily bull flag trigger

Short-term bias: Bullish

Long-term bias: Bearish

Dollar resolving the daily bull flag higher, definitely an important change of character. Getting close to changing on long-term bias to neutral.


Market: 20 yr U.S tsy

Reason for observation: Daily bear flag trigger

Short-term bias: Bearish

Long-term bias: Bearish

U.S bonds making new lows and hitting targets on our measured move on the monthly chart. Nice to see one of our themes of 2018 come into reality the way it did.


Market: Gold

Reason for observation: Daily bear flag trigger

Short-term bias: Bearish

Long-term bias: Neutral

Nice little short-term setup but no long-term significance of any kind.


Market: Silver

Reason for observation: No edge

Short-term bias: Neutral

Long-term bias: Neutral

Even with Gold moving to the downside, Silver is doing absolutely nothing on every single timeframe.