EURUSD signaling another market crash is eminent
The equity markets are a bit top heavy right now. Who reading this doesn’t know that already. But when will the markets crash, again? Maybe someone else can explain the mechanism at work here but I’m betting on a second crash to begin this week. If I had money to spare I’d go long EURUSD till it tops at 1.15ish (maybe a 1.16 handle?) then roll the short back down to around 1.05ish. All things considered, I prefer shorting a good stock or stock ETF (between 10-2 on 6/9/2020) - Recommending: $312 Puts on SPY settling 7/17/2020. Good luck!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.