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Tag Archives: SiMSCI – SG30

AUDUSD daily chart Jan - Jun 2018

These patterns you can’t miss AUDUSD, AUDJPY, SG30

Based on these patterns, we are in consolidation phase before main trend asserts itself. However I look at these 3 charts of AUDUSD, AUDJPY and SG30, bullish is not the word to describe.

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AUDJPY 3M chart from 2004 to early May 2018

Another chart on the AUDJPY – SiMSCI divergence theme

Add this 3M chart of the same AUDJPY-SIMSCI divergence theme. What’s notable is that AUDJPY appears to be stepping down to a lower range where it traded between 2010 – late 2012 while SG30 remains at lofty levels.

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XAUUSD weekly chart in line chart format

Thoughts of the day on NZDJPY, XAUUSD and SiMSCI

Look at NZDJPY which has potential to fall off a cliff and make a big move. SiMSCI could have topped with a very common reversal pattern. XAUUSD is also looking toppish and could turn out to be a disappointment to gold bulls.

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SG30 weekly chart Sep 2014 - present

In stock market driven by sentiment, fundamentals matter more than ever

Price performance based on this chart of SiMSCI shows that the last four weeks, only market sentiment and chart level matters. Did any fundamentals change in 4 weeks? Fear driven correction, then V-shaped rebound absent any meaningful narrative. Time more than even to pay attention to fundamentals.

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JP225 - SG30 - AUDJPY overlay captured on 20 Feb 2018

29 days 11 hrs 55 min to a 83% probability Fed hike; post-CNY update

This is a post-CNY update with a look at CME odds of a March rate hike (83%). Additionally I take a closer look at JP225 and SG30. JP225 is clearly the weaker leg in the correction and their relative performance suggests JP225 has more to lose. For SG30, recall that 399 is a strong level to test.

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