"Don't fight the fed'. Why not? It's no secret this recent rally has been driven by politics and banks around the globe. In other markets too, we also saw a rally in equities... Didn't you also think "the stock market doesn't care"? I don't need to mention what's happening with money printing or oil or C*****, we all know it...
Now since I am not living in the US...
Hello guys
Both the medium term and long term moving averages on this 1h time frame are pointing downwards. If we can't manage to put in a higher high above the recent green downtrend line, we are definitely going to see a retest of the green upwards pointing short term support line. Also, as the 1000h moving average already broke below this zone, IMO we are...
Too bad I now have to take back my idea we were going to hit resistance at 2950. As we broke through the short term upwards trend support, I now expect a drawdown to at least the 1 retracement which sits at around 2650, hence a trading approach right now would be short for the rest of the week. As the medium 100 MA on this 4h chart already went above the 1...
Hello guys
The SPX is still moving upwards in a rising wedge. As pointed out already in my last idea, it is likely we are going to continue moving upwards and we may hit resistance at around 2950 to 3000 points.
As the smaller moving averages continue to rise I personally think the possibility of another huge drawdown is slowly decreasing. Even taking out the...
Hello everyone
While the S&P looks like it has broken the bigger downtrend line it also trades in a rising wedge pattern, which means the downside trend should continue once we hit resistance.
For me personally, I am not 100% convinced that we are going to see another big drawdown to say the -0.5 retracement. It is hard to predict COVID and it is hard to predict...
(German version below)
Hi guys
In my first post ever on here I'd like to show a possible long idea for SIKA.
In the next few days SIKA might have some buy opportunities at around CHF 174. Price targets for this long idea would be at CHF 185 for target #1 and CHF 195 at target #2.
Thanks very much for leaving a comment or feedback!
Hallo zusammen
In meinem ersten...
