Over the weekend it looks like the virus has gotten worse within the US. The may lead to more downside this week. We are currently in a correction zone but below $271.2 we are in recession territory or 20% down from our previous highs. I think that $286 and $281 will be hard resistance to break through to go lower. I am going to long puts on SPY but also hedging...
Would need to see a nice retrace on this key monthly support . with this could be huge long run
If we see more breaks of this monthly support on 1 hour and 4 hour may be all new lows formed and bearish but a break above will be bull city
Still in Eu long from 1.1290 level. stop loss is now 1337. Analysis suite dead on as usual. this is overall using heiken ashi
Heiken ashi works great on analysis suite. Took this trade at 1.1280 level. nice run up. notice how clear the chart is.
Entered forex recently... Need your advice / comments..
This chart shows USOIL, West Texas Intermediate Crude Oil futures, on a monthly timeframe. Plotted on the chart are our SCMR Dynamic Levels™, which dynamically plot support / resistance zones and are accurate at finding targets. This indicator is available in the TradingView App store under Analysis Suite - SCMR Trends. The BIG QUESTION: Is crude bottoming...
It's been a while since I've been able to publish any trade setups or ideas, but let me assure you... it was worth the wait and you wont be disappointed. This chart illustrates the newest system to grace the TV app store, "Analysis Suite - SCMR Trends" and how I used it to dominate this H&S trade setup... and basically every other trade I've taken in the last...
This is a year-to-date chart scaled on a percentage basis that outlines the relationship between the US Dollar, 20 yr+ Treasuries, Gold, Energy (think oil, gas etc), the Euro, and the US Real Esate Index. These represent the different investment classes in the market (rate-sensitive instruments, earnings sensitive instruments, and hard assets). As you can see...