Trade Plan for the Week 43(Oct 22)

Overall Trade Strategy should be short, short on rebound and short laggards.

SPX:
last friday i called for an interim bottom on 1435 futures but it just continued to drop. this is bad. the bull count is quite damaged and i believe we are in a complex correction with a chance for a potential crash. the next target to bounce for spx is 1423 futures which we should get a hint on monday morning. However, any rebound is a short for now.

USDJPY:
i still think that 79.35 is a short unless proven otherwise.

USDCAD:
I believe it is doing a C wave up but i suggest no chasing and wait for retrace to long. chasers will have to bear the additional risk. first end target should be around parity at 1.002

GBPJPY:
my open position looks ok at the moment. I also chose a better short(as compared to EURJPY) as we should short the weaker ones. There are ways to determine which is a better short btw.

Lets see how i perform next week :)