#TSOT #DXY #DOW #SPY

#TSOT - Weeding-out the Bears from the Market

NOT JUST FOREX:

Chart Overlay #DXY #DOW #SPY

This has been MegaTrade101's stance since Equity Indices such as the SP500 & DOW came from their lows twice in a row from their wide trading range. Both SP500 & DJIA are slightly above their respective prices at the beginning of the year have provided a bright yet unconfirmed directional move as of today's price levels.

The bulls trap is still in place from secular forces that we believe will be sustained after this months closing. However, a gradual unconvincing rally could occur, it just depends on the kind of market outlook that an investor would tend to take a stand on. That is why we have previously stated that "TRUST, CONFIDENCE & CONVICTION" would be the key components to today's exceptional trading environment since the landscape of trading activities has changed primarily due to Central banks monetary policies in the three major markets

#TSOT - #USDX - #ICE - Alternate Trade Strategy

DX Trade Reference 5.11.16

DX Futures contracts are used as alternative trade strategies along with CABLE earlier position to arbitrary hedge and protect gains accumulatively made from its daily corrective move from the 93.77 resting at the Advance / Decline Line support, projected upward direction. A long trade position well calculated against its probable decline. Click chart to enlarge.

The isolated market reaction identified where Cable's upward move above the 1.4600 is contrary with the Euro's the  decline back towards the 1.1180 low. While GBPUSD is concurrently moving in line with the US Dollar direction with minor setbacks during the US session.  As this is a typical strategy applied well to simply carry a protective position against any unexpected pullback from the GBPEUR Cross trade as our 2nd alternative trade. Likewise, the third (3rd) swing from a USD decline alignment when it marked a 91.90 basis point low turning point as a price reversal was a huge factor for this trade.