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BIDEN

The great tax dodging rallyPretty simple idea, the stock market already has a great supply/demand imbalance, in particular with all the new investors/gamblers joining (Jim Rogers in interviews said hairdressers and taxi drivers were giving him stock tips). On top of that there is Biden that will: - Enable big companies to get cheap workers - Make things harder for small business which means less competition for the big ones (and the S&P500 and NQ100 are only made up of big .. well obviously...) - Raise taxes ==> Wealthy individuals will "hide" their money in the stock market (and RE, making rents go up I'd go long REITS if I was into that) to avoid the higher taxes My bet is that the price will be very 1-directional, so I'll buy some high leverage options (this means a tight stop) without waiting for a PB and regardless of the outcome I'll buy more leveraged options on a small 3% drop with a very tight SL just a couple hundred points maybe 100 only even. And then I aim for over 20k with a wide trailing stop, we'll see how things work out, I'll close some or add some, maybe TP on a small PB and if it is bigger I buy more around what could be the bottom, we will see depends what Biden & friends do as well as the psychological state of the market, this is way more reliant on fundamentals & irrational herd thinking that what I am used too with Forex I hope I know what I am doing. The price goes in 1 direction much much more strongly than the other one so I'm quite happy with this, too good an opportunity to not take it for me. Risk 100-200 points to make 9000 haha are you serious? I'll take that every day of the week, and I know I'll get out before the suckers if it goes my way, I might get out "too early" but I never hold bags.
CME_MINI:NQ1!Long
by MrRenev
7
AUDUSD - IS IT TIME TO SELL...?! AUDUSD - Technical View: We've had a bit of a risk on move start this morning but equities and yields are both at key areas. In technical aspect we are a key resistance area in Aussie where I will be looking to add a short position on and scale in as time goes by. Technical: Pattern: Double Top for wedge forming. Support: 0.76425, 0.76280, 0.758050 (200EMA) Resistance: 0.77275, 0.77435, 0.77830 (50EMA) Fibonacci Retracement: 0.618 - 1.618 or 0.382 - 1.618 Ways to trade Aussie? - You could enter short position at this current moment of time and scale in towards key areas. - Add an order towards the key areas once breached - Double top, we at resistance - putting your stop as the correct area that goes with your plan will be something to think about - Go with what's in your trade plan not forgetting where you'd like to enter making it a great R/R (Risk/Reward) Trade. Fundamentals: - President-Elect Biden Speaks - Treasury nominee Janet Yellen to say U.S. does not seek weaker dollar: WSJ Key tip: Add your own creativeness towards your trading plan towards this idea - the idea I generate for you is only here to give you extra confluence towards your trading. Overall, it's at key area AUD for perhaps an intra-day/swing trade if planned correctly & depending on fundamental aspects as well. All the best, Trade Journal (Just trade ideas, not recommendation)
by Trade_Journal
Spy Near All-time High's, Again...It was another gap up overnight (shocking), and like most of you, I'm starting to wonder if markets will ever function normally again. Yesterday, we saw freakish price action in the afternoon session, as markets flat-lined from about 1PM onward. It's been a long time since I saw candlesticks look like a line chart in the open cash market. But, here we are again, my friends, with another gap up overnight, on zero market participation, zero price discovery, and zero logic. The reality is, Biden's pick for Treasury Secretary, Janet Yellen, in her speech yesterday, mentioned the need to take advantage of low interest rates, and not focus on the national debt at this time. The example to households is clear: don't use the free money we created out of thin air to pay off debt, go spend it because interest rates are low, and you don't have to worry about the debt, or even jobs, maybe ever again. Needless to say, I disagree, and I think this is shaping up to be the biggest debt trap of all time. Bank stocks continue to rake in obscene profits as earnings roll in, while Main Street suffers from perpetual lockdowns, and an ever-evolving economic catastrophy. Governments all over the globe are looking to World Bank, IMF, and other large central banks for help, and are being handed a list of orders to abide by, if they want to be awarded the necessary relief funds. In other words, and let me form this as a question, why are banks influencing countries all over the world to enforce lockdowns? And how is it, that while we all suffer, the banks, along with a handful of "lucky" tech giants, reap all the rewards? *Bangs head on wall* SPY is back near all-time high's, and we're poised to open above the upper band of the white channel. Bears never got a chance to defend some of the key levels that were captured last week, as the never ending overnight gaps continue sneaking up to distort price discovery. The Vix contract rolled over so we'll potentially see some selling of risk protection, as investors digest the inauguration, and the most likely scenario, which is that everything goes according to plan. People don't like to think about bad things happening, so they often underestimate the likelyhood of them occuring. However, when we're all being treated like animals in a cage, there isn't much we can actually do to change the course of the future. I hope in the near future, our trust, confidence, and belief that logic will prevail in the end, will help maintain our sanity, and give us the strength to continue to fight back against the pain and suffering we're observing, each and every day. I wish Biden and his Administration luck, and I hope for all our sakes, he knows what he's doing. Key SPY levels to watch today are the all-time high, as I suspect bulls will be testing this level early on in the session in irrationally exuberant fashion, and then the upper band of the white channel (379.50), once again if we see a rejection. We're also watching the 21 day EMA at 374.65. Thanks for your time today guys, don't forget to head over to the Hedge of the World webste for our live daily play-by-play of markets. Cheers, Michael.
AMEX:SPYShort
by Hedge_Of_The_World
38
Gold (XAU) Short to LongLooking at DXY, SPX and even Bitcoin - the Dollar needs a move up. Stochastic, Elliott and various other tools all say the same thing. This move will come with Dollar strength once Biden is fully integrated. Then Dollar will drop pushing this up (we might even see a new high) and then what also makes sense is for the SPX to drop a fair way and it might drag gold back down before it becomes the safe haven again. Stocks will get converted to Gold and then we could see a bigger Rally as a whole. Overall sentiment is Long - but I expect a short to the order-block, a rise as the dollar dips back before a major move based on SPX and not DXY pushing Gold Long for some time. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FX:XAUUSDLong
by Mayfair_Ventures
5
SPX IDEA - Short to Long before the BIG SHORTWhen trading the US market - we need to consider several factors, past performance, key events, more recently Covid and the change of the US President. All of which have a significant influence on the market and the world. Professional investors are looking closely for signs of a bubble. If you look at the timings and go back to our post a few weeks ago - long SPx (below) at the reversal level. You can see we are now in the zone mentioned. Whilst looking at DXY - what looks like a likely scenario is a rise of DXY dropping SPx, then a rise drop of DXY pushing SPx back up to create a new high (likely) before giving a full drop causing the bubble to break. Now at the same time - think logic, Biden moves into office, the drop is fear & uncertainty. within weeks it's pushing all time highs and the world is excited. Which is the best time for the sharks to attack. When the world is high fiving and thinking the Bull run will go on forever. Worth thinking about and if you look at Elliott waves, Fibonacci extensions, Order Blocks. You will notice a drop, a rise, and then a bigger drop makes sense for more than one reason. We will see. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
FOREXCOM:SPX500Short
by Mayfair_Ventures
ridethepig | EUR Market Commentary 19.01.2021📌 ridethepig | EUR Market Commentary 01.19.2021 We should strategically protect our position, not a sickly stop or weak-looking exposure, etc. As you can see, the bids at 1.207x held and buyers as widely expected fought like a lion to defend their jurisdiction. This was not the act of Christian kindness or pity or etc, this is a strategic point that required defending from the outflows. The strength to pull back above our 1.212x pivot shows that buyers are functioning as normal, while sellers are licking their wounds and covering quickly. How to get rid of our opponent? A break above the 1.222x via a more dovish than anticipated Yellen today will get rid of any remaining sellers and force 'confidence' back into the spotlight. This will not receive tender treatment as it always comes down to the same situation: It always comes down to the same situation; a central bank which could be called sound, but which has one sickly component. As we all know by now, the longer the delay in USD devaluation from Fed, the worst the blow is going to be in Equity markets and one way or another eventually this is going to look like Fed has been financing the WhiteHouse and then the game is up. Confidence will send capital fleeing. Here eyeballing a test of 1.222x first before 1.230x. While invalidation or reassessment will be required should we breach the current floor Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
9
DXY BULLISH IMPULSE TO TEST 92! #INAGURATION2021 BULLS DXY was on a defibrillator since SEPT 2020 when it crossed under 94.6. Impulse bulls strengthen the dollar as the US citizens looks to hone in on a new democratic leader. DXY has been turning upward since Jan 7 2020 because of the recent runoff as well as the shift in political power. I do not see DXY rebounding past 94.6 levels. *MA 9 HAS CROSSED ABOVE THE MA20 SIGNALING BULLISH IMPULSE* This incoming bullish impulse will DROP gold back to 1800s-1780s. This incoming bullish impulse can either drop BTC down to 32K-30K levels OR it could help in skyrocketing BTC past the 42K highs (doubt it without another test of the 32k support region. Long UCAD Long UJ* 3.19.2020 saw the largest bull run of DXY last yr rising 2.1% IF MARKET PUSHES DXY UNDER 88.5 THE US IS GOING TO W@R
TVC:DXYLong
by chestephens1
1
Watching for Symmetric Triangle BreakoutMy past analysis posted 1/15 has been invalidated, as I had been way too hasty to accept a temporary trendline reclaim as a major technical development. In reality it broke back down, and I was forced to exit trade. But I am still bullish based on the fact that instead of a harsh drop to the 20k range as everyone has been predicting, BTCUSD has simply printed a triangle formation. This indicates strong buying+accumulation pressure - it seems to me that BTC is simply recharging and recoiling for a next leg up. -Upside break would see continued price discovery. My first targets in this bullrun are $65,000 - $75,000 (see my past analysis if interested as to my methodology) -Downside break will see a support at 30k, which is the trendline support for the beginning of this bull market before we went vertical. We could still see 20k-25k, who knows. The best part about trading triangles is that we know a break in either direction is always soon - so we don't have to wait much longer! Fundamentally - I see 2021 as a potentially strong year for BTC regardless of administrative direction in the US. If they pass more stimulus relief, inflationary concerns will rise PM+crypto. If they fail to get it passed, economic depression will continue and crypto will rise amidst those concerns as well. That is my personal view.
BITSTAMP:BTCUSDLong
by AspiringPro
GOLD Falling Within A ChannelGOLD has seen some tough weather lately. I think the pain is far from over. After producing a fake break out with a double top only two weeks of days ago, gold is falling again. It's to be expected that risk in the markets is going to decline with the inauguration of Biden soon, leading to a decrease in the demand for gold. I've marked two areas of potential support on the chart, S1 and S2. S1 placed at the most recent low and S2 placed at $1700. Consider S2 a longer term target. Happy trading!
OANDA:XAUUSDShort
by FieryTrading
32
The biggest triangle of the whole financial historyEveryone is waiting for the INAUGURATION OF BIDEN. Will this happen smoothly, or something else will happen? Is Trump impeached peacefully? Are the people (aboriginal) get the answer they want? What going to happen? Will those world richest and most cunning jump into the market as they repeated say bitcoins is shit? Is the vaccine really okay?? This is the biggest, the open end of the triangle is 11,000 USD. What other instrument will have this kind of wonder. Are this already wonder of the world? Something unusual? Supper undecisive moment of the world. This is why it reflected as an triangle. when market get too many unanswered questions as above...
BITSTAMP:BTCUSD
by silvermerlion
2
S&P500 Finally has a trend turning indication...Earlier today, incoming POTUS, released details of his new stimulus plan (after market close). It appeared to be rather aggressive, but the S&P500 futures only accorded a mild gap up overture (1H chart), only to close down the gap in the next hour. Chart here is the 4H ES1! S&P500 futures chart, which broke down just... The main point here is that there is a price range after series of record highs, and finally, it appears to be fresh out of juice. There is a classical twin peaks, with a Lower High on 13 Jan, and the Lower Low that was just made. Note that the Bollinger Band is being pushed as well, and it remains to be seen if there is a pull or a drop following into the pre-market hours. Meanwhile, the price momentum (lowest panel) is indicating the start of downside momentum, and the MACD just crossed over into the bear territory. Also noted in the chart that the system sell signal just triggered. Looking forward to downward momentum almost 50 points, a Lower High, and then the last low support should be giving way... Stay safe & have a good weekend ahead!
CME_MINI:ES1!Short
by Auguraltrader
BTC BIDEN short back to $30KThe Past week of chaos in the US government + the continuation of Stimulus Check distribution + Biden's 2021 Inauguration will bring an incoming strength to the US dollar. DXY is showing signs to test 91.5 or potentially 92.6 levels. BTC has begun the selloff 1/10/21 around 6AM EST. $10,000 drop to liquidate impulse buyers in the crypto market. Can dip to test ATH 12/27/20 like it did 1/04/21 05AM EST. **** IF TEST under $26,119 may dip under $20,000*****
COINBASE:BTCUSDShort
by chestephens1
2