Sell order at price 2852 StopLoss 2860 TakeProfit 2808 Risk-Reward-Ratio 5.3 Why open position - breakout last high and stay near it - sell horizontal level at 2853 - angle level to sell
If SP moves below 2820 after the opening and closes below 2820 then more to come. I’m not 100% convinced this is the big kahuna burger that some are expecting but as long as I’m in the right direction who cares…
The red line is the federal reserve balance sheet, total assets. Most of the rallies since the January high have been during weeks where the fed has temporarily stopped shrinking its balance sheet. Another shrink was disclosed late on 26 June. The fact that the sell off occurred after the disclosure, rather than the shrink itself suggests investors are trading the...
Guideline of Equality, in which wave 1 is equal to wave 5. Although Wave 5 of 5 could fail to make a new high, so correction might come sooner. Load up in Gold and yen. Short USD. Short idea for USDJPY linked.
It would seem as we are about to complete the 5th wave of a 5 wave structure on the S&P500. Given that we could state we are in wave 4 of wave 5, we could expect a wave 5 of 5. This could be finished at the confluence area of the 1.27 and 1 fibonacci in 2493 - 2527. Wave 5 of 5 could also fail to make a new high and go short way before. In conclusion, it could...