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Mueller

Trump-ah-pump! Fake news and more!What a day it has been on Wall Street (DJI)! The markets moved north on Mr Trump waxing lyrical that he's off the hook - yet again. What the Mueller report actually said at p182, was that, " The evidence we obtained about the President's actions and intent presents difficult issues that would need to be resolved if we were making a traditional prosecutorial judgment. At the same time , if we had confidence after a thorough investigation of the facts that the President clearly did not commit obstruction of justice, we would so state. Based on the facts and the applicable legal standards, we are unable to reach that judgment. Accordingly, while this report does not conclude that the President committed a crime, it also does not exonerate him ." In simpler language, the Mueller Inquiry was not tasked with prosecuting the President. It was outside of their powers. Importantly they term their conclusions (which are not definitive) in double negatives. I say that this is an invitation to Congress (the legislature in America) to investigate further. The report did NOT exonerate Mr Trump! That is as clear as daylight! But fake news and fake assertions drives markets! The evidence for that is right there - before your eyes - on the chart.
OANDA:US30USDEducation
by Captain_Walker
2
GAME OVER! The big man says 'Game Over'. Well for traders the 'Game' may just be about to start or restart. This is geopolitical news - the important kind that could rock markets (stocks and forex) all over the globe. I point out some important findings from the Mueller investigation report (which I declare as accurate summary statements). I show possible market moves on two charts. Note carefully that some of the big issues from Mueller, sequester around the alleged attempts by Trump to remove Mueller himself, and then cover up the 'tracks'. Jerrold Nadler - House Judiciary Committee Chairman - has reported on disturbing evidence pointing to the President's obstruction of justice (be careful - this is not my opinion - I only report what was said). Full text here . So - I'm befuddled as to how Mr Trump can declare "No corruption. No collusion" with such confidence. Further more Mr Trump derides the very report which from his perspective, finds no wrongdoing on his part! I just don't get it. Full redacted report (in the public domain). Sunday Wall Street is gonna be interesting. I'll be reporting on Wall Street moves over the weekend. Stay tuned. Note & Disclaimer: No recommendation is made about going long or short on any market. Traders taking decisions are not to rely on my perceptions or opinions. Your risks are your totally your own.
Education
by Captain_Walker
Tracking 1480-1475 in Russell..From the previous idea (see attached: "Russel leading the consolidation pack") you will know that Russell in many ways has been acting as a leading indicator for US Equities. This is interesting timingwise, especially when the break to new highs in S&P and NQ occurred was not comparable in Russell. So here we are now only needing to track the 1480-1475 region. This is the 38.2% retrace and we 'know' in advance is the level bulls would want to turn for continuation. Should we break lower then it will really knock confidence and imply we are starting to show early signs of an impulsive selloff. This will also bring into question the more meaningful top. Tracking it very closely with Mueller cleared...Best of luck all and thanks for the support!
TVC:RUTShort
by ridethepig