Hey tradomaniacs,
tough week ahead with a lot of risky events which will drive the market crazy!
Election debate, further stimulus packages and Non-Farm-Payrolls... uff!
"Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum.
Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November."
"The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth."
Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart!
Bearish:
No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
tough week ahead with a lot of risky events which will drive the market crazy!
Election debate, further stimulus packages and Non-Farm-Payrolls... uff!
"Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum.
Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November."
"The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth."
Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart!
Bearish:
- Cycle-Analysis
Double-Top-Pattern
Breakout of Channel
Potential Wave-Continuation (c)
Breakout & Retest-Scenario
Bullish:
Previous close above Resistance-Zone
Strong momentum to the upside
SPX500 in downtrend and TL
Wave (c) could be finished
FAN-LINE holding
No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Comment:
