FUNDAMENTALS:
Considering the US elections outcome and especially Biden's slogans during his presidential campaign, strict enforcement for the complete quarantine of many US cities
we expect a massive drop in all indices ( incl. NAS100). Biden's tax announcements will also push indices lower ( and USD higher).
TREND ANALYSIS:
We have reached the top of a trend line. Rejected it last week. Now we closed lower.
If the channel is breached, expect even further movement up ( long) - but I doubt.
Short is what is expected.
3 strategies on the chart - short, medium and long term (or TP1, TP2, TP3)
Good luck and do not forget:
nobody knows where it will go.
It is the risk management that makes money.
Considering the US elections outcome and especially Biden's slogans during his presidential campaign, strict enforcement for the complete quarantine of many US cities
we expect a massive drop in all indices ( incl. NAS100). Biden's tax announcements will also push indices lower ( and USD higher).
TREND ANALYSIS:
We have reached the top of a trend line. Rejected it last week. Now we closed lower.
If the channel is breached, expect even further movement up ( long) - but I doubt.
Short is what is expected.
3 strategies on the chart - short, medium and long term (or TP1, TP2, TP3)
Good luck and do not forget:
nobody knows where it will go.
It is the risk management that makes money.