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Institutional Technical Analysis
Here's UBS' latest T/A report on the broader markets.
Good luck and be safe folks!
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Here's UBS' T/A report on the broader markets.
(A day late. Perhaps they were caught up in all the mania too! They mentioned a correction to 1850 to the SPX may overshoot - which it did, and the lack of gold coverage is conspicuous by its absence given their keenness on trading the yellow metal, anyway, here it is...)
File looks to be too big for CV's upload mechanism. Moving to DropBox instead:
dl.dropboxusercontent.com/u/15745438/Trading/UBS-15-10-14.pdf
or Here
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Here's UBS' T/A take on the broader markets...
With last week's Wednesday sell-off and intraday low at 1820 the SPX has hit our 10% target projection of the September/October correction cycle. More importantly, with producing significant spikes in our fear indicators, the Wednesday sell-off was exhaustive and the subsequent reversal candle was a first contrarian buy signal.
Together with the Friday rally, a fresh momentum buy signal, and the significant reversal in the oversold Russell-2000 and cyclical sectors, we got the ultimate confirmation that our anticipated deeper October trading bottom is in place, which makes last week's SPX low at 1820 a new pivotal support.
The full story HERE
(the file is too big to upload)
Be well, and trade safe folks.
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Here's UBS' report...
A great read as usual, let's see how it'll play out
EDIT: Doh! file too big, will place HERE
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Please find UBS' TA report on the broader market.
A fascinating read it has to be said!
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