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NQ1! Setup for the Short Fall ??Nasdaq100 NQ1! We are concluding the price cycle upwards today after the US Non-farm numbers have been released. Expected at this point is for a down cycle to begin towards the 8100-8000 price area. If the price cycles work as in years past and this area (RED ZONE) holds, we can see a decline downward with potential consolidation (GREY ZONE), and further declines to the GREEN LINE. If new HI's are made, then larger price cycles are still in play. Use with caution among other parameters you trade within. This weeks UP and DOWN movement have many purely guessing direction...aren't we all?!. However, these movement predictions/bias' are based on cycles and more often than not, do work....but never guaranteed and so I'm always willing to change the bias when its no longer conforming to initial setups. And finally with impeachment proceedings underway, end of year window dressing, and fed meeting, can make for a volatile few weeks so these movement are very possible.
CME_MINI:NQ1!Short
by ProSTrades
1
NQ1! Nasdaq Clear Path Up 100+ Pts to 8400 ???After today's move down, it might be said this is the beginning of a larger, SHORT, run down...typical to think and may be true! However, based on the price (not wave) cycles I've seen over the years, there is still room to move up to 8400 (and higher) and that is my bias for this trade. Today's action just made it easier to make that move upwards after clearing out some LONG players. I'm personally looking for an entry within the RED BUY zone. 1st Target, 50% of way through the range, 8330 2nd Target, Double Top at 8380 3rd Target, 8400. A break below today's LO would have my rethinking this scenario.
CME_MINI:NQZ2019Long
by ProSTrades
6
Nasdaq Rally Over ... Short TermNasdaq100 NQ1! I'm focusing on the larger down move that can occur at this point: An area (red) that I will look to trade short in, between 8015 and 7980 with 2 targets in mind 7930 and 7815 (green) However, if there happens to be a move down at this week's open, I have a level it bounces from at 7910 (yellow). Targeting the SELL area above it. Despite these forecasts, while I'm trading I'm still ALWAYS open to sentiment changes and will reverse on a dime -- sometimes I may even take profits sooner, then let opportunity present itself again before entering back into the same directional move. Less and less, I'm trying to NOT to predict the ultimate direction and more so the best probable move for capturing profits in the shortest time period. Although these larger cycles will present themselves, it only serves as a 'bigger picture' guideline.
CME_MINI:NQ1!Short
by ProSTrades
ECB signals, US threats, Roubini ’s predictions, and ruble limitDespite the extremely weak statistics from the Eurozone published on Monday and rather depressing data on producer prices, published on Tuesday, the euro tone was relatively good in the foreign exchange market yesterday. The reason was the information that the ECB is not ready to resort to additional monetary incentives. Therefore you should not expect to ease monetary policy. Despite the record series of the US economic growth, a lot of experts continue to fear for the global economy a bright future in general and the United States in particular. So Nouriel Roubini in a recent interview noted that we might be headed for another recession. The world central banks have essentially exhausted their limit of instruments (it is simply impossible to easy monetary policy for many countries), and, at the same time, the debts of countries are increasing, which is a serious threat. The trade war is a trigger for recessionary processes says, Roubini. The US seems to be interested in Europe, again. The United States, in an ongoing dispute over subsidizing the aviation industry (the European Union illegally subsidized Airbus Corp), is considering imposing tariffs on an additional 89 items with an annual trade volume of $ 4 billion, including cheese, pasta, whiskey, metals, and chemical products. In this light, a sharp increase in gold is quite understandable. Meanwhile, the majority of respondents believe that the ruble has reached its ceiling and it’s simply no way to grow to, Bloomberg's latest monthly survey found. In the future, the decline of the Russian currency is inevitable. Moreover, the state itself is interested in a weak ruble. Recall that the existing budget rule is aimed at artificially creating an imbalance in the foreign exchange market in favor of the dollar and against the ruble. For instance, since the fiscal rule has been imposed, the ruble fell against the dollar by almost 5%, but at the same time, oil prices rose by 17%. That is, the ruble becomes cheaper even if oil prices rise. Well, if they start to fall, it will just be cheaper as well but faster. In this light, it is useful to recall our constant recommendation to sell the Russian ruble on its any growth. In terms of macroeconomic statistics, yesterday was relatively calm in terms of macroeconomic statistics. The index of business activity in the construction sector showed its lowest figures since 2009 (43.1, with forecast of 49.3). Data on employment in the US from ADP is what we are interested in today. Recall that last time they signaled about future problems in the data from the NFP. So we closely monitor the indicator and prepare to sell the dollar in case of its failure. In addition, we are waiting for data on business activity and the trade balance in the United States. Our trading recommendations for today: we are looking for points for sales of the dollar and the Russian ruble, as well as AUDUSD. We sell oil. We can not but note that gold current price is extremely attractive for sales, but do not forget to be careful.
OANDA:XAUUSDShort
by Trade24Fx
1
Goldman Sachs Rising Wedge Pattern Below The Resistance LevelAs we can see on the Daily chart the price keep moving to the downside we have a double top with a break confirmation causes a huge drop into 155.0, huge continuation to the upside into the previous low the price touched and reject each times to turns the previous support into a new resistance level with crossing the 200 MA then the price drop again and reject from the 0.50 fib level the price could push higher again into the resistance before drop again as a sign to short we are waiting a breakout confirmation of the lower low of the rising wedge patter
NYSE:GS
by oussamaelgadoum
Trade war price, short dollar and Bank of CanadaTuesday turned out to be another quiet day. So, we have time to talk about global things. For instance, about the possible price of a trade war for the United States, China and the world as a whole. The fact is that trade wars have been discussed often, almost constantly, but at the same time, some things are sounded as self-evident without any refinements to detail. Therefore, today we would like to talk about the price of trade wars. In the end, this problem will be solved until the end of this month (the meeting of the United States and China leaders at the G-20 summit), and the losses are already taking place now. So, economists at Bloomberg Dan Hanson and Tom Orlik analyzed the main scenarios of a trade war and its consequences. Their main conclusion is: if tariffs spread to all trading process between the USA and China, then global GDP will lose about $ 600 billion by 2021. By the way, this year will be a peak in terms of losses from trade wars. If tariffs turn out to be at current levels, in a couple of years China’s economy will lose 0.5% growth as well as the United States - 0.2%. If tariffs are distributed to all groups of goods, then China will lose 0.8% of economic growth, the USA will lose 0.5%, just like the world as a whole. So, the trade war is, indeed, a key aspect for the modern global economy. No wonder its is paid so much attention by markets and analysts. Meanwhile, Brandywine Global Investment Management LLC. - an investment fund with $ 72 billion of assets – is predicting the end of the dollar rally. The reason is that the United States will agree with China: the damage from trade wars is too high for both sides. In addition, a trade war hurts US consumer, and setting people up against, on the eve of the US Presidential election, is the last thing Trump wants to do. Returning to the current situation in the financial markets and the news background, we note that the main event of the environment will be the results announcement of the Bank of Canada meeting. The rate is likely to remain unchanged. We also are not waiting for aggressive comments from the Central Bank - it is not the time to show aggression. Trade war escalation is more than a serious reason to continue to pause. Despite the fact that we do not expect a hawkish position from the Bank of Canada, we believe that the current price of USDCAD is simply excellent in terms of its sales. So, we recommend today to look for points for its sales. In general, you need to sell about 1.35. We place stops above 1.3550, and put profits at the bottom 1.33. The rest of our trading positions have not changed: we will look for points for buying of the euro and the pound against the US dollar, sales of oil and the Russian ruble, as well as buying of gold and the Japanese yen.
Short
by Trade24Fx
LYFT -- If you missed the short, couple places to reloadLYFT Continuing with my previous plan (The GAP), this stock is still going to make attempts at $50. Here are some places where I am looking for a reload of either a shorter term play and/or more of a positional play, IF, the move doesn't just continue down to the original target LO of $50. As much as I do not follow text book setups, sometimes they do match up my current thought process/strategy and this is one of those times...keeping it simple and staying patient.
NASDAQ:LYFTShort
by ProSTrades
NQ1! - Support / Resistance ZonesAlthough there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me. Overall, I still expect price to move up to First Target (7650), Second Target (7700) with a higher probable target in the RED zone (7750) -- where I will wait for potential bias change to the downside and sell rallies. Any selling (after the first two targets are met) back down to the GREEN zone, may serve as a temporary floor/bounce, before moving under 7500.
CME_MINI:NQ1!Long
by ProSTrades
HSI is possible to make a double top or new time high againHang Seng Index has rally back above 292000, the low of Previous Wave one low. according to the Elliott wave rule: W4 should not enter W1. it's happening right now. so we could consider the previous one is not a impulse leg for downside movement. if it's not a downside one, we should be looking for a wave 5 rally then. a wave 5 rally should be looking for test the 2017 previous high. 33484 or even a new high. of course we might also face a failing wave 5 which is just below 33484. Last Friday we have a high volume day with 120b, with 1/4/2019 have a gap open above 29200, these are all bullish technical signal. Fundamentally, Bloomberg said that yuan-denominated government bonds and policy bank securities would be added to the US$54 trillion Bloomberg Barclays Global Aggregate Index from April and would be phased in over a 20-month period. When fully implemented, local currency Chinese bonds would be the fourth largest currency component in the index behind the US dollar, the euro and the Japanese yen, Bloomberg said. also the China and US trade talk give a positive atmosphere, in Beijing talk, it's rumor that a official welcome dinner is replace by a working dinner. so both are working very hard on details of the deal. if the China America trade deal hit the market, it will fuel the rally too.
TVC:HSILong
by bruceyam
S&P 500 dead cat bounce and collision to 2400 points and lowerWhen talking about S&P 500 as per graph logg we could make conclusion that this was "dead cat bounce. Daily MACD confirms further bearish momentum. RSI turning against. Further fall is imminent to 2400 points. Important thing to say which is subjective opinion, but previous results add weight to expertise: * S&P500 suggested retracement at the Ocotber 2015 and on Janury/February 2016 being worth 1867 points. That was mathematically justified peak of S&P price index. Instead, we had " push" to 2.700 points. Presumably because Bezos bought Washington post 2013 while calling for buy of his shares. In practical terms after posting on twitter 15.th of November TA about S&P and NDAQ collision, people were in denial. However, index value fell from 2723 points bellow 2400 points making 11,5% fall X 24 trillion USD=2676 billion USD loss achieved on SPX from 15.th of November to end of December. Value of previous drop on SPX surpasses GDP of Germany, France, Italy or Russia. Now, we have pretty much same situation. After " dead cat bounce" i am expecting confirmation of 2400 level, therefore i would short it from this position with very narrow s/l placed. S&P 500 peaked by any parameter. Stochastic RSI turning against (peaked already) whether daily/weekly basis. MACD implies for weekly bullish crossover which might cause some kind of pump (therefore S/L is placed very near to 2720 index value). Having on mind that even current S&P500 index value is actually gifted price for uneducated, i would recommend every shareholder to clear his position in order to avoid buying on " right shoulder" SPX will continue to make lower highs (probably this one which will retrace back to 2400) points making 2500 billion US dollar loss and right after new lower high and further collision which could actually trigger massive selloff and price dumping whether we are talking about SPX, NDAQ or DJI. S&P500 index has no healthy grounds for this index value and further fall is imminent all the way down to 1867 points which is 33% additional fall in Index points. Money which is used for pumping index over " mathematically justified price peak=1867" points could now cause yo yo effect and cause massive reversal and selloff. As long banks or big holders are willing to pump price, it will be so, but, as time passes, it becomes more and more expensive to maintain artificial price as this one. Gold and silver are the only safe storage of value. Everything else will collide. Good luck to everyone.
SP:SPXShort
by milanjelic
57
A massive sell off coming up, 50 % dropBlue lines are the average of BTC's most boring days. We stayed at 6400 for 2 months before it dumped to 3140, so let's say an estimate of 50 % drop. Now the story looks very similar, from 24th November till now we've been hanging around 3680, few dollars up and down which is caused by bots trading. So I can think of only one outcome. Another 50 % drop which will take us to 1900 support. I also used a triangle (pink lines) to make it more visible where we are at right now. My gut is telling me that a massive sell off will happen at the start of next week. I've been sitting in Tether since 4100 so let's see how this plays out.
BITSTAMP:BTCUSDShort
by supremetrejdr
2