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Weekly Review: Remaining Bearish (Read for Fundamentals) Let´s order the weekly ideas: 1. Executive committee of the ECB will speak on Monday, maybe give some new updates about negative interest rates 2. Tuesday is about confidence indicators which I expect them to fall 3. Rest of the week is mostly about US employment and first debate on Wednesday between Biden and Trump Regarding the markets, new outbreaks have put the recovery on hold and the consumer sentiment is being affected and is becoming a warning factor for the markets in the short-term. Moreover, the vaccine discovery has been delayed. Facing the week, we have a weak market where none of the events of the short-term has the potential to turn around the bearish sentiment. - Advise to take a short position for the week. (Follow me for more weekly analyses and how to position your market portfolio regarding the upcoming elections)
SP:SPXShort
by PepeMafia
everything depends on DXY in last week , Dollar index movement make noise in all Major Trading instruments like XAU XAG EUR GBP Trading Setups , Traders and Trading institutions Feel more risk on the DXY New Price and a lot of them liquid their positions to Hedge The risk with more Liquidity Powell Testimony was Most Important Event Of the week and when he said there is no enough debt and cash to guaranty the 2% estimated Inflation rate DXY All major instruments Experienced High Volatility last night now , the last hope for Bulls Against Dollar is a rejection from the red trend line on DXY with Reliable Price Action sincerely AHZ
TVC:DXY
by Iceberg_Analytica
Weekly Review: Healthy Correction Needed (Read for Fundamentals)I believe this recent correction in the markets is more of an eventual profit taking event rather than a structural adjustment. The technology sector still offers growth potential in the medium term. It is logic and healthy for the market to correct after such a strong bull run. Looking forward into the new week: 1.Central bank meetings No change in interest rates expected, will maintain dovish position. 2.Indicators In macro terms, indicators will keep recovering. Lateral week is expected consolidating the levels from previous weeks. In medium term, slightly more bullish position despite big volatility also being expected.
SP:SPXLong
by PepeMafia
SPX/DRIP Rare Triple Combination Corrective Pattern?(Scroll Down for Better Picture of Wave Count) SPX and 3x leveraged bear crude DRIP. Does this pattern show smart money exits in Jan '20 and June '20? When the relationship decreases, lean CAUTIOUSLY on equities and crude. Precipitous fall means lay on the Shorts. Despite Markets going higher in February, the relationship still decreased as crude continued to fall despite an equity climb higher ie DRIP rose faster and stronger (sustainably) than the concurrent rise in the SPX. Then SPX finally capitulated. Fast forward to June 8th: recoveries in the SPX and Crude both took place in the months prior, however since then, the relationship has failed to breach that local high, despite ATH in the SPX printed in August this past week. What is this showing? Crude has lagged and been stagnant, stymieing further advancement in the relationship. The blend reversed off of the trend line of resistance. Will this rejection have follow through? In order for the decrease to accelerate, Crude would actually have to roll over, which might lead the SPX on the downside. The pattern is interesting and looks to fit as long as another fall occurs and avoids a breakage of the June 8th high. The next downturn may produce another low (Y) that rivals or exceeds (W). However, within the count, the Z cannot be lower than the deeper retracement of W or Y. Regardless, that could be a major tradeable LOW Buy point but more choppiness would follow until Z concludes.
SP:SPX
by apb270