TayFx
Short

💵 The U.S. dollar Remains at the Mercy of SPX Speculation 💵

CAPITALCOM:US500   S&P 500
Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy. This being said, all of us in the FX market-- rather we like it or not-- are at the mercy of the SPX . The SPX is the most highly speculative instrument in the world. Speaking as someone who was complaining about the 12 year low ATR's the Euro was compressed to this time last year (July of 2018), I welcome the ability to trade speculation, at least there's some volatility we can get a bite at. Can we can make more informed trading decisions for the U.K. and U.S. sessions as forex traders by paying attention to the equity market; or is it the other way around?

Just a theory.. should Trump resign--in a manner of 'dropping the mic-- with national polls suggesting Biden have over 10% leads in many very critical states for the entire Republican game plan. Now, if Pence takes over to fight Biden , I could care less to speculate; I will be here trading and making money regardless of who's president. What if..the market has been pumped by Pump and friends (Kulow, Mnchin, Powell), --and he essentially dumps.. that would make this just another pump and dump?

Comments

@TayFx most likely we going down, just like thinking two scenario. We very overbought at rsi 1 hours. Also, just re test 0.78 fib zone at 3070 area i think
Reply
TayFx duvet_sharukhen
Reply
TayFx duvet_sharukhen
thanks for sharing!!
Reply
Dope chart once again. Are you suggesting that there's actually no monetary stimulus and it's all just to keep bulls bullish? I actually don't really understand the logistics of how the FED can keep SPX "afloat" tangibly. How does buying distressed corporate debt at time X ensure that impending bear attack at time Y doesn't connect?

Some piggish thoughts for all you curious traders out there. Tay keeps firing charts like this, won't be able to trade my new cypto penny pumps.
Reply
@Perma_Pig, FED committing to buying direct corporate debt will reduce the risk profile of shorts hard to fight a multi-trillion war chest. I imagine we'll see daily drops but announcement following or overnight buying to prop up markets.
Reply
TayFx 345c36bc42154e49b588886f303380
@345c36bc42154e49b588886f303380, Yes which have been promoted until now
Reply
Perma_Pig 345c36bc42154e49b588886f303380
@345c36bc42154e49b588886f303380, right, and do appreciate the response, but that could not actually prevent mass-selling intraday. Im just curious from a practical perspective. Perhaps the FED directs certain institutions to stabilize? Just do not know.
Reply
@Perma_Pig, that may be plausible. Using institutions to fund purchases.
Reply
Perma_Pig 345c36bc42154e49b588886f303380
@345c36bc42154e49b588886f303380, ya, think thats the ticket but will never know.
Reply
TayFx Perma_Pig
@Perma_Pig, sure thing
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out