Trading Sep Futures with a Long bias based on the thesis:
US DJ, S&P rally seems to be peaking on its post-COVID rally.
ECO data out from the US generally seems strong as well.
Believe that international indices like NIFTY and STOXX will follow-suit.
Risk: Most of the rally has been done, hence watch for range trading from now till Sep.
US DJ, S&P rally seems to be peaking on its post-COVID rally.
ECO data out from the US generally seems strong as well.
Believe that international indices like NIFTY and STOXX will follow-suit.
Risk: Most of the rally has been done, hence watch for range trading from now till Sep.
Trade active
Bought Sep18'203,294Note
Vaccine speak grows louder. multiple take profits. current Sep18'20 average price at 3,348 and breaking even currently.Trade closed: stop reached
Position closed at 3381. Looking for re-entry.Trade active
Re-entered Sep18'203,367 . no slopeTrade active
Average price Sep 18'203,360. EU leaders are gathering to discuss stimulus measures but are not yet coming to a consensus. I believe that they want to do something so markets may remain flat or inch upwards in anticipation. I will build a small position as diversification from my larger NIFTY position and as a bet that EU leaders eventually reach a consensus. Currently, news-flow indicate a rotation into EM economies.Note
EU leaders reach an agreement. Added more in Asian hours in anticipation for Europe.
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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.