This call is based on yesterday's key reversal and the confirmed swing today.
I don't want to make this too complicated because as you can see Trump left Biden arrived but one thing is not changing : and this is the stock market rally.
Will it last forever ? Of course not . Biden will end this bull market in a year.
But until that let's enjoy free money.
Notice how the RSI tagged the oversold territory first time since october.
I will stop out the position if we drop below yesterday's low.
I don't want to make this too complicated because as you can see Trump left Biden arrived but one thing is not changing : and this is the stock market rally.
Will it last forever ? Of course not . Biden will end this bull market in a year.
But until that let's enjoy free money.
Notice how the RSI tagged the oversold territory first time since october.
I will stop out the position if we drop below yesterday's low.
Note
EurUsd reversed at the 200 SMA , as I noted yesterday.
Stocks can rally much easier with a weaker dollar.
Trade closed manually
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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.