Newyork
NAS100 Shorts After USD Holiday PushDont be fooled by the Bullish rally all this week up until yesterday. Even though US is in the Holiday today, I expect markets to short next week to correct this weeks rally. Price rose to 10433 Yesterday 7/2/2020. After reaching that higher high on the structure, NAS failed to make another higher high. I also noticed a break of structure at 10383 and a retest of that zone last night. Im taking shorts to 10172. In the midst of me typing this price started to fall. I called this trade yesterday at 2pm EST. You can enter when price comes to a lower high on the 1HR Time frame of structure. Happy Trading. Like if you agree or leave a comment.
Long with a bad entry so will endure drawdown to nearest supportEntry is very poor here but over all picture we will see how plays out. Predict that once it goes down to reach support it will bounce for the huge gains long. Will add to position if it goes down to support and I see confirmation of an uptrend from there.
EURUSD - ShortEURUSD has been good to me past week, breaking, testing, rejecting all the way. Price action in this pair is very good and pretty good volume in this. I'm shorting this time to because in the 15 min chart it formed a clear head and shoulder pattern, broke the neck line and tested. This pair always has the same structure and easy to analyse specially during the LONDON-NY Session.
SPY still isn't looking strong. SPY Fundamental AnalysisThis fundamental analysis is very speculative, please do your own research before shorting/going long.
So as we can see, nothing looks good right now, oil prices are scary, coronavirus still isn't over, and the political situation isn't too great right now with the Turkey conflict in Europe. NY declared a state of emergency, which is obviously where NYSE and Wall Street are based.
We'll see what happens, but this could be one of the worst days for the stock market. I think it is unlikely that we will see many buying the dip, as everything looks grim right now.
Thanks for reading, leave your opinions below.
New to this, lol charting up for BTC.From my analyzation, I believe BTC will eventually have a strong uptrend, after sitting in a period of consolidation or strong support? Based off 4 hr and Daily charts. BTC will be retracing again to the lower 9900'S and then moving bullish into the 11-12000's. If you are seeing this please leave your opinions.