Tuesday, July 14, 2015

#FXI Update Bias and Levels for Tuesday, July 14, 2015


Swing bias for #FXI is now Short against 43.75. Yesterday I did get a first entry for a new #FXI swing Short at the 43.20-43.75 target zone and the plan/strategy remains the same; scale into #FXI Puts within the zone and then out if above 43.75.

While below 43.75 the lower targets are at 41.85 then 40.90.

If stopped out just above 43.75 the next area to re-consider the Short is at 45.05-45.90 zone.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC