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Inauguration

NQ Power Range Report with FIB Ext - 1/20/2021 SessionContract - CME_MINI:MNQH2021 - High - 13056.25 - Low - 13028.25 Evening Stats - Gap: = N/A - Session Open ATR: 198.73 - Volume: 17k - Open Int: 233k - Trend Grade: Bullish Key Levels (Rounded - Think of these as a range) - Long: 13337 - Short: 12415 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2021
by mv3trader5
S&P Ranging Before InaugurationThe S&P 500 has rejected highs. We have been calling this out for weeks. We appear to have a double top as well at 3825. It did find support at 3758, which is a technical and Fibonacci level, and now is finding support from 3793. The Kovach OBV does seem to be edging up, but nothing to suggest a breakout today. It could go either way at this point: to retest highs or lower levels 3758 or 3737. But don't anticipate too much action in stocks until after the inauguration tomorrow.
FX:SPX500
by quantguy
Pre-Inauguration TradeNext Week would be much violent for any currency pair from both Trump's Inauguration day and Important US Economic data in focus :) Without Important Economic Data from Japan implys most of the price movement in USD/JPY is driven by U.S. Dollar Index.. Thus, this brings us to big opportunities especially USD/JPY pair Analysis Abrupt Increase in price level to 116.157 is expected before or at January 17th (Monday-Tuesday) This presents us first opportunity to short with great risk-reward ratio in short-term. After that, price should be dropping down to form Bullish Three Drives at 112.400-112.700 with 78.6% Retracement and 127.2% Extension Channel. This should take around 3-4 days expected before Trump's Inauguration day At Inauguration day, Psychologically bias-thinking that USD would be strengthen to welcome positive momentum in stock market, Corresponding with Target Price of Bullish Three Drive at around 117.465
Short
by bizbew
Pre-Inauguration TradePre-Inauguration Trade should be much violent for any currency pair Especially USDJPY Furthermore, an upcoming week is full of important economic US news on focus. Without Japan's important economic announcement, it is likely that USDJPY will be mostly driven by US Dollar Index force. So, big opportunity Next Week! Analysis Expect Bullish Three Drives with 78.6% Retracement and 1.272% Extension Target Price 116.157 should be abruptly reached at or before January 17th while Expected quickly Drop to 112.400-112.700 price level just before Trump's Inauguration day At and after Trump's Inauguration psychologically think stock should rise to welcome new world leader, so reasonably corresponding to Bullish Three Drives Price Target at 117.500
Short
by bizbew
Oil - Higher Weekly Low?Amidst the OPEC agreements, Trump's inauguration which will likely increase for oil demand and production and the January typical decline in demand, I am still of mind that prices will find higher prices in the first, maybe second quarter of 2017 but will first seek to secure a higher weekly low support price. I have been looking for a retrace to the 48.36 level, bottom of the upper weekly range; however think it's very possible we also see a retest of the upper .25 of the lower weekly range at approximately 45.9-46.4 level (which has been a strong weekly inflection since April) after which I believe oil prices will continue their rally into mid April at the 56-58 level. I am currently short and if prices do in fact test the 48.4 level I think a quick swing back up to the 52.4-53 level is likely. I am not including a specific strategy here as this is intended to point out potential strong pivot levels. Good trading all!
NYMEX:CL1!
by smitheric1970
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