AU200AUD trade ideas
S&P ASX 200 crucial price points to watch for 3/8/2020S&P ASX 200 crucial price points to watch 3/8/2020
The Index closed Friday's session down more than 2% but managed to close just above a critical point at 5191.20, which was also in line with the bottom of the price channel, as indicated on the H 4 price chart.
5191.20 will be the first crucial point to watch on Monday's session; the Index will need to hold above this point to head back up. If successful, 5998.40 and 6046.70 could be its immediate targets. The Index could fall further down to 5870.88 and 5791.00 if it fails to hold above 5191.20
LAST ROLL OF THE DICE...After burning thru a tonne of Money on Puts dated far too short since March 24th , I think I finally have it right
since the Global "ROLLOUT" of the incredibly annoying campaign of concerted MARKET WIDE INTERFERENCE by 1st World Central Banks in what has amounted to the CIRCUS equivalent of an
' ALL BELLS, WHISTLES COMPLETE WITH STUPID HORNS' CLOWN PARADE PAR EXCELLENCE !!!'
Whilst it was OK to kick the can down the road for many years, that required a fundamental prerequisite to continue;
..that there still was a road to kick it down !!!
Unfortunately he Clown Car full of Central Bankers, Socialists and Keynesian Economists has failed to note the Skull and Crossbones sign screaming:
"DANGER !!! ROAD ENDS !!! YOUR LIFE IS AT RISK !!! TURN BACK NOW !!!"
As such, the Clown Car, full of CLOWNS falls off the cliff and begins tumbling into the abyss starting this Monday 27th July 2020 and we will see the start of the Elliot down in
what will be devastating to MOST ASSET PRICES in a rampant continuation of the ANGRY Bear's RAMPAGE that was briefly put on hold ONLY via MASSIVE GLOBAL STIMULUS, STAGGERING MONEY PRINTING and HELICOPTER MONEY for
ALL and ALL MANNER of stupid Central Bank Interference and an unprecedented 'propping up' of Zombie Consumers/Workers/Businesses and Investors to
such an outlandish,unnecessary level I think even the dyed in the wool Socialist Maynard Keynes might have questioned as 'excessive' & 'inefficient'...how about 'not prudent' Maynard? Me thinks so very much!
After a good amount of some well informed reading tonight I AM convinced that on Monday...
the Levee breaks and OOOOOFFFFTTTT !!! Watch out below.
To save writing an EPIC to justify my belief to you and largely plagiarising much of what others have written, I've included the links that confirmed and strengthened a view I already had to confidently call
"TIME" on this Clown Parade anf for Fundamentals, Sanity and Truth to re-assert itself : The Music has stopped, Party is over, BULLS GO HOME or face nothing short of Financial Genocide.
Wait until the Market assimilates the information contained in the links below. Sobering reading indeed...
schiffgold.com
schiffgold.com
schiffgold.com
schiffgold.com
schiffgold.com
schiffgold.com
schiffgold.com
schiffgold.com
www.zerohedge.com
I ALSO draw your attention to the Double top that was soundly rejected today as even Johnny Public has begun to ask the million dollar question:
"How can the Stock Market be going up yet..?"
The data, the data, data..?
I note, interestingly, that next week's predicted Market Meltdown will just so happen to coincide with the Gold spot price making new ALL TIME HIGHS this weekend.
I'll leave you to draw your own conclusions just from that KEY piece of information.
Gold is still "the Canary in the Coalmine."
Stay safe and God Bless.
xCM
@MystryBox & @Fractal777 > I think our time has arrived! Thank Christ for that as anymore of this Market Insanity I think I may have gone "Joker" and flipped ! ! !
ASX:XJO reclaiming the trend lineASX:XJO has had trouble in the last few days to keep the upward momentum(you can find more info in my last post about XJO). But in this simplified chart, it seems it is back to claim its original trend line.
you can see the price is back up the blue trend line. it has come back to retest it and to keep the bullish sentiment it has to stay above this line and soon take over the 0.618 golden fib and the 200 SMA( the red line).
Other bullish signals:
- price above 50MA
- velocity is positive
- the acceleration has turned positive
I will keep an eye on this chart and let you know where we stand. for the time being the trend is your friend.
Stay safe and have a profitable week. dont forget to smash the likes.
XTF
S&P ASX 200 Index struggles to hold above 6046.70S&P ASX 200 Index struggles to hold above 6046.70
The Index broke through critical resistance at 6046.70 in yesterday's session and reached another crucial level at 6077.60 but retreated and closed the session just above 6046.70.
Today's opening trades, we saw the Index started the session above 6046.70 but drifted below this crucial level and down to 6028.50 at the time of writing.
The Index needs to hold above 6046.70 to continue to the upside. It could continue down to the next crucial point at 5998.40 if it fails to get back above 6046.70