Weekly Momentum Model Puts Peak hereTesting my weekly model - SH weeklly shows a buy here so thus a peak in markets if testing goes as planned
brschultz
SH
RIPPLE COIN (XRPUSD)Not insignificant resistance: daily cloud, as well as daily 50ma and 200ma directing price downward.
Current up channel dates back to 2017. Down channel from the ATH.
Gold is going down!In my perception price of gold will keep falling.
Please check my previous idea for gold.
SH: Hedging my portfolio with SH longsI reccomend purchasing $SPY puts, and/or going long SH at market open tomorrow.
We can use a stop loss at 38.36, which is rather tight but safe, and go short risking 0.5-1% of the account.
All in all, the range expansion validation target failed to confirm the bullish momentum in SPX, so I'm inclined to revert back to shorting it. We might be soon to validate the $DJIA terminal pattern from related ideas too, lower probability, but still within the realm of probability.
That being said, I don't want to close my longer term fundamental/technical stock longs, so, I choose to protect my exposure with $SPY puts, and $SH longs. All in all, factoring in the dividends, and the speculative shorts and puts, there is extremely low risk in holding the trades for longer, even during this pre-election period and beyond.
Good luck with the BOJ today, and tomorrow with FOMC, trade safely.
Cheers,
Ivan Labrie.
Spy short for the next few monthsKey support to watch is going to be $199 if it breaks that then it will be heading much lower. My guess is the next support level will be around $187. The floor has been $187 so far and I will have a order ready to trigger for that. Just be cautious this could tern into a true bear market very fast.
Bearish bat pattern in CADJPYOnce the currency pair CAD/JPY retraces into the 85,76 level the bearish bat pattern will be completed and so the opportunity to short the market. This setup contains two fibonacci based target points and a stop loss point at the 1.08 extension of XA.
