Expecting the Nasdaq to pullback to the 50-61.8% area then start an impulsive move higher which could potentially take us into the elections especially if we get some stimulus. 50 point risk is a great opportunity. Double Gartley patterns.
In case of breakout, USDCAD will face the next resistance at 1.36. Reasons why moving upward is highly possible: - US Presidential Election in less than three weeks - Gold and Silver are facing strong resistance (Precious metal price is declining) - Cash is running out since there is a hold on the next Stimulus Check - RSI shows a strong uptrend (no sign...
Bitcoin - $BTC - the side action may be the norm for the next 2-3 weeks until the election is out of the way. But, the government is set to add in another $1.7T in new money. This will push inflation levels. This is the very reason that Bitcoin - #BTC $BTC - was created. Because of that, I am looking for a long-term push with any new stimulus and investors...
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S&P 500 is top heavy, something I've been following. I'm seeing a test of the 3,400 level again, something we just went through last week. The moves last week were strong, but unwarranted. We've got a resurgence issue across the globe as well as the inability for Congress to pass stimulus ahead of the election.... just kicking it down the road. Given that, I...
The equity markets are about to get hammered, something I've been writing on. There was a decent surge in price last week in equities. They have faltered at higher levels approaching the all-time highs. BTC looks set to follow suit as it languishes at this higher level. I've used put options to take on the position so I'm good either way - as long as the...
Over the last several weeks, my trade setups have been spot on and my returns on the S&P have been outstanding. Check them out in my profile. As usual, I keep my charts super simple because I think markets are complex in and of themselves. Finding a high probability setup without all those noisy indicators (MACD, Volume, Moving Averages, and all the other ones I...
The BTCUSD crypto looks top-heavy in the latest daily moves. I'm fundamentally long using options as my preferred strategy for entry and exit. But, it looks as if there is a lack of momentum going for the $12k level. Using options as my strategy allows me to continuously profit from micro-moves up and down as the crypto continues to waver. #BTC #BTCUSD...
"Confusion", "anxiety", "excitement", are just a few words depicting the market emotions and movement of yesterday. There has been a series of updates which are contributing to the market volatility. Gold is hovering around the $1900 level amidst, a firm dollar and lack of agreement on the new Covid relief bill. Also IMF released their global growth forecast...
I continue to watch for the move in BTCUSD upwards to $12,000. The whole reason BTC exists is because of the over-inflation of the USD after the financial crisis of 2008. The amount of money the Federal government is printing these days is going to make 2008 look silly. I am not certain as to when the next stimulus package will pass. They are talking about...
Gold remained steady near its three week peak on Monday as the dollar recovered some ground but the prospects of more US Coronavirus relief spending and uncertainty around next month’s presidential election put a floor under prices. The Trump administration called on Congress to pass a stripped -down Coronavirus relief bill using leftover funds, as negotiations on...
APPL may see a minor pullback to a support/resistance region @$115.00, but with stimulus becoming more of a reality, I can't foresee a pullback of anything larger than 1.07%, @ max. W/ the 9 ema bouncing of the 20 ema @ a high value region on the 4h, indicates there should be a continuation to the upside.
Recently we been playing the long game, yet is it time for people to suffer? Longs have dumped today and shorts are recovering drastically, yet bitcoin trends sideways. On market close bitcoin pumped to 11300 a target I had as a mid ground or fair value of a pump to these levels, yet at the same time we created a cme gap. I know we didn't fill the last one, yet...
Current situation in the markets is being better than I expected. - It may lose some momentum with the time. Markets are starting to price in a stimulus agreement in the US. - Which, honestly, is still far away to happen Relationship virus – markets is starting to stabilise In the short term, what really matters now is the stimulus agreement followed by the...
It appears institutional money has suede the market in this potential breakout from this downward trend from early Sept. Twitters CEO, Jack Dorsey bagged $50M of bitcoin, which gave the crypto market some nice price action to the upside, but it seems that was only the match that started the fire within this bullish run. It was Trump who poured gasoline on this...
OANDA:EURUSD is near completion of it's Elliot's Wave pattern following a tough week for the Dollar. Today's action is mostly accredited to strength of AMEX:SLV and TVC:GOLD . I believe there is a correction or some consolidation due early next week with the amount of economic announcements on the US and European sides, and as Brexit new's continues to develop...
VIX - S&P 500 Volatility Index - (October 9th-14th 2020) Just an idea about our beloved VIX going down over the next week or so. Big moves in S&P to be made this week? Bloodbath could still be around the corner... It is the month of Halloween after all... ;) Low: ~23.64-24% High: 27.05% Could get crazy with the election inbound... Thanks for tuning in :)...
INDEX:DXY Update for DXY...After "No Stimulus 'til after Election" triggers market to buy $Index(DXY). Previously, as linked ideas, I had called for a DXY bounce at beginning of September. DXY proceeded to bounce from its 2011 Long Term upwards trendline, retracing to the 23.6% Fibonacci level($94.40) of the March to September drawdown. From there I forecasted...