Short SPX500 @ 3,850.00; TP @ 3,696.00, SL your choice
Now Brexit is done and over (pretty much), US FED to turn the printers on for a couple more years yet and UK on WTO terms. UK looks like a good time to buy UK Indexes, clean energy, and the pound sterling (GBP/USD)
Hello, traders! SPY, the ETF that tracks the SPX performance has managed to remarkably recover from the lows of spring this year as the COVID -19 virus threat became real. The ETF has drawn up a very determined short-term uptrend, supported by the FED's interventions in the CEF, ETF and Bond markets. Currently the ETF has been trading in a range since September...
great opportunity on HANG SENG INDEX FUTURES
Strong channel forming and we could see it play out as a bullish flap pattern or fall down to the bottom of the channel....which one do you think? I am short
While the FOMO effect kicks in for equities, the US indexes are making new fresh highs in the midst of renewed trading war uncertainty. Lower rates are indeed boosting stocks, but we are coming closer to a point where things may turn South at least for the near-term. SPX has more room to go up, but I would expect the movement to be limited at the marked point.
With the recent negative changes in the fundamentals, the direction in stocks has taken a sharp turn south. Even though FED has cut the rates, it was already priced in, and stocks didn't go to the roof. With the perfect timing from Trump, he threatened to implement new 10% tariffs on China imports. Current bias remains BEARISH strong and I am expecting a...
Is the S&P500 finally ready to breach the to resistance and go for the 161.80% Fibo? Zone at 3091.2 looks open now, but the price has landed just a bit above the long top diagonal resistance. Demarker is also moving inside the overbought zone, which indicates that a strong buy impulse is going to follow, before the price starts to fatigue and the movement to reverse.
Both Patterns meeting at same point of reversal. AS I post other pattern is forming on daily time frame link is attached. Reversal gonna occour on that 786% retrenchment which is a physiological supply area..
This could turn out to be one of the worst months in years. One week left.
I must admit that this rally extended further than I anticipated. So much so that I had to make an adjustment to the red trend line. ALSI have run into resistance, and a pullback is overdue in my opinion.
DONT BE OVERLY EMOTIONAL If you are eating up those bull market headlines you will most likely get burned. Dont let CNBC finnsesse you into the herd mentality. Things you have to ask yourself before you long A. Is the economy strong... "Dar_klord! Of course the economys strong! Fed is raising interest rates! Unemployment is at an all time low! This is just a...