Will we have a Santa Claus rally this year? Statistics say, it is likely but let's start from the beginning... The Santa Claus rally is when stock prices, both locally and globally, tend to go up and end the year on a positive note. Now, why does this happen? Here are some ideas: Holiday Cheer: During the holiday season, people generally feel more...
Skew Inverse Head And Shoulders with a target of $174.65. We do see bullish signals momentum wise where 7>21 >200. Bullish Let's just hope a bull market does kick in here as we enter the Christmas season with a Santa Rally.
Hey traders, I hope you have already prepared your letter for Santa. In case if you are not, I can let you cheat off mine. Complete your wish list for the next year and send it to Santa Claus before December 31st. I am wishing you and your family health, happiness, peace and prosperity this Christmas and in the coming New Year. Let me know what you asked...
#ETH looks like it might break out soon. There are still 10-days in 2021 for a last minute Santa Claus Rally!
hey traders, This year we faced a lot of obstacles and problems. For many this year was phenomenally hard. There is a famous quote by Marcus Aurelius “The impediment to action advances action. What stands in the way becomes the way.” In any obstacle, there is an opportunity. What we should be doing, we should look at every obstacle that we face as an...
Hello. My name is Francois Normandeau. Here is a quick recap of today's trade on West Texas intermediate on the left and Brent oil on the right we can see that we had an entry here on the short term momentum indicator. The close of the trade is when either one of those two indicators leave the by zone. So this happen here at 12:23 p.m. And price was 4828....
The Santa Claus Rally was first published in the Traders Almanac in 1972. The definition is as follows: A stock market rise during the last 5 trading days in December and the first 2 trading days in the following January. For 2020 this means the Rally would start thursday December 24th, 2020; and end tuesday January 5th, 2021. According to the 2019 Stock...
Today was an interesting day in the market. What could it mean for the rest of the year... Just last night I pulled up some logs from the year 2 B.C. (Before Corona) because I remember a very important moment in my trading journey that began in early December 2018. The market action that month and the January following was a very formative experience for me in...
USDCAD is rejecting a confluence level comprises of demand zone + ascending trendline. Price also has broken a daily Counter Trend Line indicating potential rally from or near the current market price.
Bitcoin (BTCUSD) has successfully completed an Elliott impulse wave (12345) and is now in a 3-wave corrective sequence (ABC) that touched the Fibonacci retracement at 0.618 ($3,910). BTC may stayed a while in this range with the formation of a new Elliott flat pattern (ABC), before to start an second uptrend, this time toward the next resistance at $4.400. The...