Here are a few charts that I focus and plan to trade upon them over the coming weeks. Overall, expect markets to get rough near the end of December and the start of January.
1. S&P 500: A possible fractal replay to the Brexit price action.
2. Coffee: Testing weekly cloud. Oversold. Expecting strong upward reversal.
3. - 4. USDJPY and Nikkei: Ready for a reversal?
5. Amazon.com (NASDAQ:AMZN): $795 key level to short, #735 key support level. Big downside potential.
6. Sugar: The next big bullish move? Maybe we will taste its sweetness.
7. Gold: Preparing for its next leg up towards $1,500
8. - 13.: On my watch list to short are stocks like Alaska Air (NYSE:ALK), American Express (NYSE:AXP), Discover Financial (NYSE:DFS), Goldman Sachs (NYSE:GS), US Bancorp (NYSE:USB) and Prudential Financial (NYSE:PRU).
Overbought divergence signs (triple most common), many bearish wedges. Get ready to sell sell sell these if support (recent lows) breaks down.
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