Watch David Hickson’s Trading Summary Video.
This video update presents the situation in each of our four instruments:
S&P 500: We are standing by to enter a short F-category trade. The alternate analysis would imply this is a D-category trade, which is of course also a short trade.
NASDAQ: The situation is the same in the Nasdaq with a short F (or D) category trading opportunity next. The situation is a little more complicated here because price is still tracking along the FLD.
EURUSD: The 40-week cycle trough is forming and an A-category long trade is next.
GBPUSD: I have been bending the rules with my A-category long trade which is actually complete, but I am staying in the trade in anticipation of the upcoming C-category trade.
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