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Feds

sp500 likely to retest previous highsDovish policy of the feds coupled with the strong bullish reaction of the stock market since the fed funds borrowing cuts means the rally can continue. But how long is difficult to say. While some argue we can continue to be bullish and avoid a bear market, that sounds hard to believe and unreasonable. But for now its best to long to these areas, and only consider hedging puts up higher near the 3510-3560 area Technical wise we have formed several bullish divergences on the 1hr. The first one suceeded somewhat. A decent rally followed by a lower low, and the current one if it works shall show a gap up with a pre market pump
SP:SPXLong
by chartingman43
GOLD two case scenario, will it drop down or make new highs?Gold has been trading in a channel for a while and soon it should breakout. Because we are in a bullish trend, I favour more of the upside continuation to the upside as opposite to being a bear, even though like possible. Make sure you have a sound trading plan if you are taking this one. Comment what you think about gold and share your charts. PM me if you got questions. As usual, please like and follow for more content.
TVC:GOLD
by TradingWithTheTrend
EURUSDJerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut. This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a high-volume price action. An Easier Fed could mean my technical analysis would be inaccurate, and the EUR would push price to the down side.
Short
by JohnAlmighty
Anticipating two moves for EURUSD todayQuick Recap on my yesterday's trade and price action up until now Yesterday my intraday bias was EURUSD = Up. Reason? : 1. Price last week have hit Weekly and Monthly Range 2. Price is trading below this levels hence its on price levels that I like to call "a hot zone". Its not a certainty but it has high probability the price would reverse/retrace/move sideways because you cannot keep buying the dollar (when you short EURUSD, you are buying the dollar with Euros) a currency forever without selling it back and putting it back into the "inventory" 3. Price tested levels that I thought at the time a very significant level 1.3200 (My entry and Stoploss are market with Pink arrows/Pink Lines. My TP was the projected daily range high) 4. Price hit my stoploss and went further down to 1.13100 - 1.13000. 5. Price then shoots up in mid speed and hit my intended target (market pays back what it owes //*Range miss one of the projected range high or low, very often the price hits the projected range high or low in the following days. In this case, it pays back before the London opens) My Trading Plan Scenario A (Look at blue arrows) : Price stops where it is right now (exceeding the average Asian Session range) and retraces back inside the range. During London opens, I will look for patterns that signals price could go up (W pattern, Bullish engulfing candle, Doji followed by bullish candle. But a W pattern (doesn't need to be all perfect) (LONG) Scenario B (Look at red arrows) : Price continues and hit either of those two levels. From then on, I will look for a retracement trade. A double top or a quick inverted V (bearish engulfing candle) at those price levels (SHORT) Note : Long term I am still (BEARISH EURUSD) the EURUSD due to Federal Reserves & ECB's monetary policies (divergent) If you like my writeup follow me here or DM me for any questions. Thanks
by sufiansaid
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