The movement of the SPX are reflected in the VIX (volatility index) but the signal seem to arrive when the SPX index is already too advanced in the retracement. The SKEW signals earlier on. The signal from SKEW starts with lower lows, then the volatility increases and SPX dips.
Sell when the SKEW starts hitting lower highs, then BUY when the VIX index is peaking.
To offset the additional tariffs the CNY would have to depreciate - although the Chinese authorities have said that they won't pursue quantitative easing.
If there is a formal announcement to suspend or delay the tariffs, the market would expect a more positive risk reaction and that is currently being priced in. WIth the USDCNY trading around the 6.90 and below...
I use the S&P versus DOW and Nasdaq in order to cast a broader net across more assets however, the other markets seem to echo similar despite having choice selection of underlying assets. For the last 10 years since the recession pounded the markets, we have maintained a clear ascending channel exhibiting strong support and resistance trend lines.
4H CHART EXPLANATION:
We observe that price has bounced at the Daily Top level and was rejected strongly. We are waiting for a breakout of the Ascending Trendline to take short positions here. In the short term, the potential targets are the Support Zone, and the main ascending Trendline.
Too much uncertainty with the US economy, combined with negative pointing indications. Definitely going down short term. 2 possible rally points for Monday, either the 297 support line, or the next 296 support line. If both of these fall, then it will be a very very very hard climb back up. I wouldn't go long on SPY for a while, just to be safe.
This Possibility Source in My DowJons Idea
My Unconsciously Forecast Considering the technical and fandamental is inaction for Dow and Dxy in 2020
Challenges Related to Electronic Companies
Supply and demand of weapons and arms sales
US sanctions on big countries like Iran
annnnnnnnnnnnd its very impotant >>>>>>>>>>>>5G<<<<<<<<<<<<<<< technology we...
In today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors!
Turkish Lira Under Pressure on:
- Risk of sanctions
- Launch of military operations in Syria
- Bank charges for money laundering and fraud
- Breather short-term amid US Retail Sales
Pound Higher on:
- Negotiations optimistic ahead of EU Summit
- BoJo's attempts to get deal...
I could've titled this one as "what goes up must come down" and all that BS.. But the point is clear, RECESSION is not a possibility anymore.
FED lowering rates just to keep economy afloat.
FED had to make emergency injection of more than $125B over the past 3 days. JUST TO KEEP THOSE RATES BELOW 2.25%!!!!!!!!!!!!!!
RECESSION fears keep on rising.
One of the items on my watch list is DFEN, the Direxion Daily Aerospace and Defense Fund. This ETF tracks companies like Boeing that would supply the US government with jets and drones in the event of a war with Iran. I'm not buying the fund yet, because it's at the top of its month-long parallel channel, and it's very close to its all-time high at 64.50, without...
This trade war seems to be going Chains way. But that can only be sustained for so long. Another super power is on its way.
Prepares a long waited strong move is on the horizon, as XRP ledge will convey the gold trade with GBI not BTC
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NZD fundamentally is pretty weak, with all 5 of its major trading partners facing some form of political/financial upheaval. This is important to know because NZD economy is compromised in large part of its exports. However, data has shown that New Zealand has been becoming a favorable investment due to its free market policies that have kept the financial sector...
When wall street and some fo the major NYSE and Nasdaq listed companies are experiencing a slight turmoil, Lockheed Martin (LMT) stands head and shoulders above them all which hints that there might be stuff in play that might not be obvious to us, mortals. Yet the expectations are priced in and it looks like USA's war machine is being lubed up right...
FLEX is suffering from the trade-war between Trump and Xi (US and China).
Huawei is "angered" at how FLEX has managed the situation.
They report earnings today after hours. (July 25th)
I would sell all my position right away.
In this video, I explain the basics of using Fibonacci, time application and geometry to predict the future.
TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on.
The rising wedge will break and we could see a December style dip around late April, early May 2020.
Getting to 3300 could be a slow melt up...