A complete disaster all day for the US ECONOMY
aka the Equity Complex.
There are far too many depressing comments in
Traders Forums everywhere one looks - claims
of suicide, anxiety, severe depression...
Sad, very sad when people lose hope and it's
hinged to a bunch of Criminal Enterprises.
Unsure when the lesson is learned but apparently
SPX is starting to make a bottoming formation similar to what happened a few weeksago (areas circled - hitting this short term thick green uptrend line). I am still biased very negative but am starting to leg into put spreads against my long put positions. with volatility high there are soem great premiums to suck in while limiting loss from upside.
The U.S. Dollar index (DXY) is rising above 96 points ahead of the Non-Farm Payrolls report to be released later on Friday. The Non-Farm Payrolls are expected to show that 530,000 new jobs were created in November, according to Reuters polls. The unemployment level is expected to be 4.4%, which is lower than the previous report.
The DXY index is on the upward...
The US dollar has edged upward, but we will be waiting for non farm payrolls data for introspection on US labor market conditions before it will make a more definitive move. We anticipated ranging between 95.85 and 96.65, which appears to be exactly what we are seeing. This rally does appear weak and we are seeing several red triangles on the KRI suggesting we...
(1) BULLISH FLAG CHART PATTERN, Wait for the breakout for your entry
(2) Flipped HEADS AND SHOULDER CHART PATTERN
(3)PRICE IS heading FOR A SUPPORT ON THE TRENDLINE
❤SUPPORT IDEA WITH A LIKE AND FOLLOW❤
Today we have a massives crash on crypto which can be often a sign of weakness on market.
Also with the risk of new major worldwide lock with the new covid variant omicron it will be a excuse for next crash.
I see a possible evening star on weekly.
Just a quick video confirming all my previous analysis & a forecast into the next week. Please tread carefully when trading US30, I know the narrative is to never sell indices but I am advising everyone not to buy US30 for the long term for now.
An update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading...
Here we can see clearly the next moves for US100 in coming day or by next week. Keep a close eye on US100.
Happy PIP hunting traders & do remember to use proper R:R & all MONEY MANAGEMENT we've all learned from years of practice, & remember sometimes world's favour risk takers not sitting on the bench & watching other players scoring & profiting from there actions.