Tag Archives: Malaysia

The Dow has spent Q3 building into a wedge formation, and with Non-Farm Payrolls on the docket, that wedge is unlikely to last. But – a break opens the door for setups on both sides of the index, with focus on a longer-term area of interest.

Traders are going to want to be careful with exposure in the British Pound this weekend as we encounter another batch of Brexit risk. If support can hold-up, the door may soon be re-opening to bullish strategies in GBP/USD.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.