Get started

Sp200

XJO or SP200 about to decide where to go🚨🥵🚨AS i mentioned last time that XJO was fighting the 200MA that was aligned with the 0.618 golden fib, apparently it lost the battle and decided to consolidate below it. But does t look like it is going to make one major decision which will be written down in history? lets dig deep and analyze. XJO after failing to conquer the 200MA has been shy and it even failed its 50MA and now it is fighting to stay close to the 6k level. However, considering the massive selloffs on Wall Street, I think it is about to make one major move. Looking at that chart it is almost writing a curve as if it want to fall below towards the 5700 which is a strong support. I think we may see the price testing that level in coming days and if that level fail, my friends, I see XJO going deep down. However, not all hope is lost, at the moment it looks like it is in massive consolidation zone which, if it holds , can be considered as a huge bull flag. Most short term indicators like PSAR, LSMA, QLSMA look bearish so far. As I said last time, this may not be the best time to buy, better wait for the market direction then enter the market. But for those who ride the waves, they may find it interesting to but the support and sell the resistance. I will keep you posted of any change in this market. Stay safe. Dont forget to smack the likes. XTF
ASX:XJO
by xtf_ze_trader
1
Conflict of Interest in the MarketplaceThe times have changed for the retail trader, and in essence scalping and day, trading has, in essence, become a complete waste of time for the average person looking to make even a small gain in the FX market. In the last 6 years, day trading and scalping have become worthless strategies, only done by those who are ignorant to the situation behind the scenes that makes of a huge negative feedback loop full of conflicts of interest with one goal; to take the retail trades money. As swing traders, we are the only type of trader that is left. We let the market tell us what to do, not the other way around. It is obvious that a market that is stuck in a range, is impossible to trade for a profit. The biggest mistake one can make, is only trading one asset class, and only 1 timeframe. This is the most obvious mistake that most new traders make. Learning to trade the timeframes that are significant to volatility in the market and by diversifying to multiple asset classes. Volatility is a traders lifeblood of a trader. Since 09', volatility has been absolutely crushed. Without volatility, there is no risk and opportunity (sides of the same coin). This means returns peter to 0. The question is, why has volatility been crushed? There are a few reasons: quantitative easing, the advancement of algos, and expanded participation. The monetary policy introduced by the FED after the 08' recession was quantitative easing QE). Essentially, QE means that central banks increase the supply of money by buying government bonds and other securities. What does this mean? It means a guaranteed buyer of bonds, which suppresses yields permanently, feeding over into other asset classes since the market begins to look for other opportunities (chasing yields) which ironically only suppresses yields further. Technology: Volatility has been suppressed by the advancement of algos and automated trading stations. An increase in algos over the last 8 years has dramatically increased the number of market participants. How does this affect volatility? It's simple: more willing buyers and sellers mean that the equilibrium in price is considerably more stable, thus decreasing the natural fluctuation in the price of an asset at every single price.
SP:SPX
by UnknownUnicorn3442968
16
ASX - over extended market.The market has over extended now and as i have mentioned in my previous post, i am expecting green this week. Today's close is evident of that and looks good for a 1-2 week up trend. I Expect us to reach the red area before heading down lower. friend of mine mentioned that US earning reports re coming out in 2 weeks. This may be the catalyst that takes us lower into the next lot of targets. Other than that, we should have some relief. Fisher and RVGI ready to reset.
ASX:XJOLong
by rarea
ASX dump. 6000 did not hold!I did not expect such strong selling through the 6000 level so soon. I was honestly expecting a bounced at 6000 with long term support (trend line) holding.. I guess THEY had other plans ;) The selling occurred due to the $DJI breaking support and dipping just under 6%. Second target in sight, however, the fisher and RVGI are both over extended so I expect some green action to come next week. I will need to revisit at todays close to determine if this may occur or not, the current candle stick is already a sign of reversal and it is approx 1:30pm. I will also link the DJI chart for reference of support break. Reminder to check my last charts in related ideas. Previous chart called for 6000 being reached within 5 work days.
ASX:XJOShort
by rarea
ASX Market Update.I've been watching this closely. Mutliple channels being formed and breaking down. Today the $AUD broke the 0.72 support level. House prices have dipped 6.1% this year and the cash rate was kept at 1.5%. I believe we will see 6000 soon. Hoping that will hold, otherwise the blue box is the target. As stated in my related idea, interest only loans are about to mature. With the current climate of our economy, families and investors may find it difficult to pay and close off their loans. "Around two-thirds of interest-only loans in the Reserve Bank's Securitisation Dataset are due to have their interest-only periods expire by 2020 (Graph 4). That is consistent with interest-only periods typically being around five years. Only a small share of loans have interest-only periods of 10 years (or longer), with very few loans on these terms having been written (and securitised) since 2015." (www.rba.gov.au)<< Great article about the current situation. Of course, they can refinance their loan, but doing so, with the current uncertainty of the economy, may be too much risk to handle. Things do not look great for the Australian Economy.
ASX:XJOShort
by rarea