Update on trades and targets

The target on my short EURUSD has been reached (167 pips). Now only holding 1/3 targeting 1.3180.

Gold target also reached with $1,600 potential downside extension

Silver target at $30.4 has not yet been met.

Next most likely target for crude oil (WTI) is Fib 38.2% retracement level at $92.50.

I mentioned target of 4,900 to 5,000 for shorting UK's FTSE100. Currently it is at 5,107. Precise target from descending triangle would be 4,978 (5,376-398).  The last resistance on our way to the target is Fib retracement of 78.6% at 5,065.2. Shorts can consider taking some money off the table at 5,065.2 and if seen the rest at 4,978.

German DAX30 is still some distance away from 5,062 target. Halving the position at 5,260, swing low from early October is a good idea.
S&P500 triangle target is approximately at 1,146 and futures are just shy 8ppts from this target as i write. The good news for bears is That S&P is currently below Fib 61.8% resistance at 1,157.94. If today we have a close below this level, bears may be getting a chance to have a shot at 1,120, the last Fib resistance area.

In my previous post I posted a chart highlighting bearish divergence in HY spreads versus S&P500 which foretold the downside breakout from the triangle for S&P.  I am updating this chart again: both confirm each other.

Good luck