Trump
ELECTION DROPI changed my price target on SPY to ~$367. Yesterdays price action was way too strong into the close for this market to drop yet. Nobody cared about Powells speech. Nobody cares about EVERY stock in the market being overvalued by a minimum of 2x. We are continuing the ride up the wall of worry. IWM still has not completed its 100% retrace which WILL happen. I am noticing stocks all over the board developing extremely bearish patterns and parabolic moves to the moon. Post election, if trump wins, I anticipate the market to continue this ridiculous pattern. Biden wins, i expect a minimum of a 20% drop in the market.
AUDUSD "Reversal" In play4H Inefficiency > Daily Inefficiency.
This upwards channel is slowly losing momentum. It managed to drop pretty quickly but the climb back to the 4H inefficiency has been extremely long awaited hence the expectation to break this channel.
Will set multiple targets for this trade if we do get triggered in.
COVID/CONFIRMEDI’m going long on Covid we should be at 10,000,000 by December/Early January
Stoploss: 5,000,000
AUDUSD Potential Huge DropAUDUSD Likes to trend a lot. The pair moves quite "nicely" as far as pairs go.
AUDUSD Currently created a double top and stepping down with lower lows and lower highs.
Creating a liquidity gap that needs to be filled before continuing down. There is a high chance for a sell limit to be triggered in my middle grey zone and a high chance of having a nice tight stoploss.
ridethepig | DXY Market Commentary 2020.06.15A quick update here for those tracking the entire swing in Dollar:
It would be more natural to develop in this structure with a test of 99, since the impulsive sequence (if it is such) must eventually test 92.92 to complete the move. To keep up the pressure on USD the social focus will instead switch towards Atlanta and health focus on virus cases which sadly are shooting higher once more.
To exploit the USD "weakness" the positions are more of one:
📍For those tracking Short-term flows:
📍 For those tracking the Long-term Macro chart:
As usual thanks all for keeping the likes, comments, charts and questions rolling!