Strategies
My Top Futures Trading Signal - Buy Copper | Fibonacci Matrix™ The Copper is bottoming out in the last two weeks or so after a strong downside movement. According to the Matrix the Copper is ready to shift its primary direction towards north. A new upside trend is imminent with the potential upside move of about $20 straight to the major resistance of the Matrix at $2.2700. I have placed my Stop-Loss at $2.0285, which reflects around 1:4 in terms of Risk to Reward Ratio.
SOMEONE ISN'T GOING TO LIKE THIS CHART! SPY LONG.
Now don't be fooled we don't see true value in the stock market long term.
Long term = overvalued
Short term = undervalued
We see this a a classic bear trap. Here are a few reason we believe so.
Market has left a lot of gaps to the upside (Unlike 08')
Media are dramatising the situation (Like August 15')
Move was quick, blamed on China (August 15)
It's been the worst starting week in history. Retail Investors will short this news get trapped and get robbed just like in August.
Now we still believe the market has further to fall in the long term (1500) but we can't see that happening without the upper gaps being filled and PPT stepping in to consume short positions.
Shorts are so January 4th
We are also going to upload a comparison to the last rate hike cycle.
Remember to Follow and Comment
HSBC vs FTSE which will perform better? 130days forecast #spreadIndex Arbitrage Forecast: FTSE100 will outperform HSBC
Supporting Strategies: Cointegration, Correlation and Technical
Analysis Pattern : Elliott Wave 5
The trade should be opposite to the "gap". HSBC has performed better than FTSE100, in order to close the gap FTSE will now perform better in the next 131 days.
Targets and notes on charts
