Making money shorting precious metals / crypto, or making money long USD pairs? Bull Flag First target 106
After breaking 12 EMA 15min time frame yesterday bears have been suing it for full control underneath it. - at this price point SPY retraced over 60% QQQ retraced 50%. Burden is on the bulls to step up here. Bear still comfortable - if QQQ start dropping more than 50% retracement everything will start favoring the bears - Jerome Powell spoke today and now...
Traders, A moment of truth has arrived. The dollar is about to do something it has only done 2 times since 2009. This is critical! Let's take a look at our charts together. Stew
Traders, Let's talk about today's FOMC press release, the market's current reaction, and where we can expect this will lead us into next week as well as what today's FED vs. BIDEN admin tug-o-war means for future macroeconomic conditions.
we are channel trading/consolidation. and this will probably continue till the meetings coming up. my main thesis is based off a few things. the up coming Jackson Hole meeting followed by Fed Jpow Friday. i believe we get under that 410 area. by Sept October. there is alot of factors influencing this, inflation, rate hikes, etc. 390 would be the area im looking...
Over a billion shares are short as inflation pressures are true. I personally think it will go up in the long term remember this is not financial advice.
possible spy play out leading to the fed minutes esp if talks of balances sheet run offs. i dont need to list all the other crazy factors which are on the chart. mrkets can and will do anything its just something i kinda eyed out.
I did some quick back of napkin math. I logged the average duration of DXY overbought conditions before it properly rejected below the 70 RSI . This is all approximated based on the 4d DXY chart. If you discount the two outliers (the 16d and 231d events) your average duration is 49 days overbought before seeing a proper rejection. If we included those outliers...
Something in the back of my mind through the past few months was how other markets performed compared to Bitcoin and Crypto. It appears to me (admittedly not an economist) that crypto was quick to begin correcting after the November statements by the FOMC that tapering would begin in Q1 2022. Not all markets priced the news in at the same pace and despite the...
Placed the trade during M Jerome Powell Speech. From One key zone to the other. probably will be hit by the end of this week / early next week.
Interesting and consistent correlation in the way the market reacts to each FOMC meeting.
Technical Analysis Technically speaking, 1.6% had been a very important level, as we tested 6 times, before continuing higher. Now the 10sma which has been working very well year-to-date, is lining up with the 1.6% level. I expect some selling to reach the 10sma at 1.6%, for a bounce to 2%. Dot Plot Summary 7/18 FOMC officials are predicting higher...
The .764 is the Reverse .236. Now for the main event. Chairman Powell and the Committees' take on the yield curve and rates future.
nzd is on a weekly resistance and looksto be coming down. there's a daily harmonic W pattern signaling that it wants to test the weekly low. there is usd cpi today, 2/10, and fed j powell is speaking. i think those 2 high risk events may help this move. entry: .72336 stop: .7268 target: .90965 Ratio 4:1
They said you can't chart VIX.. Charting VIX isn't useful.. Well I charted VIX.. Along with SPY and M1, and well decide for yourself, but I think we can tell where the volatility is coming from. Maybe the long vol trade will become popular!
Ascending Triangle on the 2hr into the end of the year following a strong run in Q4. Bullish news by Fed regarding bank buybacks that has yet to be taken advantage of by $GS. Entry: >$263 TG1: $269 TG2: $276 Extended TG3: $283 Invalidated: <$254 Like & follow if you enjoy my work :)
The Market is at a pivotal moment where we could see significant downside, or possible upside. Ill be waiting to see how the market reacts to the election when futures open up Sunday night. At the moment we are up against a large resistance on the daily and if rejected due to a news type catalyst, hold on to your ass cause we are gonna find suport and quick, but I...