A short idea which is essentially intended to cast some more light over the election positioning moves
We played a very nice momentum move this morning after breaking through the WEAK Tokyo defence 👇
The process of continuing is automatic for algos, it enables the occupation of 1.35xx as capital ensures ULTIMATE safety in the greenback at a time of HIGH RISK via covid & U.S. elections. Basically, both drivers can be considered a tempo breaker for those wanting to load full sized positions on risk markets.
Oil crashing via lockdowns triggering the next demand shock to the energy markets. Dems still in their diapers and we are out of time on stimulus, as I keep saying, by the time these things get to Washington they are so enwrapped in self interest, so enwrapped in all of the dirty political BS that naturally bring all issues to extremes.
Oil has trifling odds of touching 33/32, a breakthrough there will open next 21 for a more solid support. I will be posting a new strategy report for Oil into the elections at the end of this week. Surprisingly, tradingview is very quiet...