SiMSCI follows a 30-month cycle between late 2006 to present according to this chart. If true, local stock market is reaching a top soon followed by a bottom by end of 2018.
A EURUSD illustration of the choices forex traders got to make prior to a highly anticipated high impact news - which one will you pick? Do you have a consistent approach? Which choice delivers better performance over time?
There is a a big 300-pip space below the current EURUSD price pattern until the next most-looked-for potential support. This might or might not happen but could be really rewarding for EURUSD shorts if it does.
AUD and NZD pairs show recurring, high probability levels on weekly charts, and have a lot of significance because of duration and number of hits.
DXY bulls are happy as long as the index stays above this prominent 2-year support. Bears however have their signal. It is now a matter of time while the index does it's usual zig zag before the inevitable happens. The signal for DXY to go lower in 2018 is already in place.
Busting 3 myths about automated trading: 1) that automated trading is not emotional 2) that it is set and forget 3) that automated trading is too technical.
Besides Energy, Consumer Staples and Real Estate are next worst stock sectors. This is what they are printing. Keep an eye in case they could be your early bear indicator. XLP and XLRE charts.