Last year when everybody thought that a market was crashing, I've made one prediction:
Which was pointed that no matter what people think - the market is strong and no fundamentals can change it for now at least.
The market denial of the Trump lead to a rally. Now people are thinking of him, thats he is not so good again. GET OVER WITH HIM. ITS NOTHING ABOUT TRUMP in the markets ;)
Also. If you want some conspiracy: He knew that market needed the correction, so he gave it to us with all this weapon/bomb stuff. With his next tweet he will return market to an up-run mode again. The market will say "it was fun, but i'm going up again"
.... while you miss that rally again ;)
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while you miss that rally again ;)
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Here I announced the rally start at 24 April and the 235 level for the start.
So, the "fundamental reason" for the rally now is new Trumps Tweet: Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday.
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24 April. Rally started. Huuge win!
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All I hear this morning is:
— Hey, do you know when all this end and we finally drop? — The market is totally rigged! — This Gap will be filled, short short short! — North Korea will eventually make it drop! — Did you se the US DEBT??? Its short anyway.
We do not fall on such sentiment. We either go sideways or make short squeezes on that one.
People become less rational in such moments, make bad entrance into trades and got squeezed again and again.
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Short squeeze IT IS.
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"while you miss that rally again".
Most of people are not EVEN long, trying to short this high and loose their money again and again. That's sad.
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it just goes up and up.
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2458, 2490 coming soon!
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Short squeeze IT IS.
This now looks like exactly as 16-18 april. pls have a look
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no confirmation yet, but might be our CASE. ULTIMATE LONG continuation
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>2490 coming soon!
okay, it wasn't soon, but still ;)
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2450 end of the day, 2460 monday premarket... 2470 end of the monday?
looks valid
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2417->2474
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2443 and this is just started. use the pullback to hop in.
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I think we had our pullback, now back to plan:
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Consolidation in DXY, EURUSD, GOLD, SPY, Nasdaq.
We all wait for "Jackson Hole" conference, to use this as an the excuse for trading. Beware of false spikes, algos, traps. Try not using leverage. Or go to pub, grab some beer ;) return on monday.
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fake spikes in gold, eurusd, spy... as expected. monday is day to watch now.
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I see some denial of the last hours growth. We might end up ATH or at least break to 2460 zone very soon on such sentiment.
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Attention here. We might have either bounce or acceleration here at 2455.
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And the montly candle is green again ;)
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>Comment: 2417->2474
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gap down expected.
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buy again 15-18 september (if panic spotted, like on the chart)
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Recap - was totally wrong till mid-september. The ULTIMATE long had accelerated starting from september 20s and had continued till present time. There was no even flat corrections since than.
Anyway, that was a good year. Yearly target of 2600 almost reached.
And you should get over with Trump already ;)
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alexnewbee
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May be tomorrow 2450. But not today. Everyone is busy watching eclipse. ))
Tr8dingN3rd
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Great post, love it!
You put it in a understandable context, paired with the real live.
Keep up this great work & TNX!
alexnewbee
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Well, it would be quite unusual to leave such huge gap in futures unfilled for a long time. But probably we need some time for it.