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The Black Penguin Waddle of 2021 The chart is one possible visualization of the confluence of unpredictable high-impact events. For example: February 24th, 2020 World Health Organization declared the COVID-19 outbreak a pandemic and warned that "much of the global community is not yet ready, in mindset and materially,.." Over the following eleven months over 2 million lives were lost globally, more than 430,000 of the US. Wall Street hedge funds lost billions by betting against a group of amateur day traders who banded together on social media to execute a short squeeze. They sent shares of depressed companies like ( GME ) GameStop and AMC ( AMC ) up into the stratosphere, hurting the billionaire hedge funds that bet against those stocks. Called by some "The Grand Awakening" It was an unprecedented attempt to compete with the pros on Wall Street. The action raised questions of equity and policy reform to ensure a more level playing field. 1) The Black Penguin evokes the Black Swan* symbol from the 2007 book by author and former options trader Nassim Nicholas Taleb. The symbol of the Black Swan represents the extreme impact of rare and unpredictable outlier events.
FX:SPX500
by gb50k
4
Nasdaq - What to do next?!Nasdaq NDX - What bearish moves we had on the indices yesterday! I will now explain why we had this move: 1) FOMC FED - Rates kept as same, nothing new in that aspect. During Questions - We had now the mention Taper tantrum was mention, that's a key word to keep in meaning they could decrease the amount of asset purchase that would increase yields further upwards. This is due to the vaccines, as long as that carries on further the deployment of vaccine , the economic data and other various other factors combined there will be less need for QE. However, I feel Q2-21 we will be following the same momentum as we was before. We've had a squeeze building for while and at this current moment of time that will ease pressure on various instruments. 2) Hedge funds Struggles 3) Disappointing Earnings Fundamental: - US Q4 Adv GDP: Jobless data. Technical Aspect: Pattern: We are still within the channel until broken to down side, bearish momentum confirmation continues. Support: 12970, 12715, 12535, 12270 (50 EMA) Resistance: 13170, 13275, 13595, 13840 Key Tip: Follow your own trade plan to add further confluence! Overall, I did take scalp shorts whilst FOMC on US Indices & other currencies, I expect this to be a temporary move. All the best, Trade Journal
OANDA:NAS100USD
by Trade_Journal
SPX Shaping up for the bearish sell Hello traders: Looking at SPX here for further development on the bearish move. We see the price action had a bullish push up breaking previous highs. However, price did not continue with continuation corrections, instead we see the bearish move down on the LTF. This is a good indication that the bullish momentum is exhausted, and we may see the reversal happening in the coming days/week. Wait for this LTF correction to develop and finish before getting in the sell. Thank you
OANDA:SPX500USDShort
by jojofang0901
2
DOW waiting for bearish correction to completeHi traders: Looking at DJI for the bearish reversal in the up coming days/week. Overall looking at the price action, we see DOW has hit the all time double tops, and price is showing reversal price action on the LTF. Price had a push up, but failed to continue higher with any bullish correction. Instead, we see a short bearish push down from that area, and a correction begin to form. Key here is to not jump in right away, rather wait for price to develop and structure to complete for the sell. Thank you
OANDA:US30USDShort
by jojofang0901
3
$SPX - It formed a Symmetrical triangleHello everyone! When the world goes lockdown on Wave 2, the US remains in lockdown since March, and guess what, it was a pretty damn good March to November for the US Indices. Despite losses in major fields, tech companies showed significant growth and revenue, pharmaceutical companies were on the spot as well, and in general despite DXY dropping since then, SPX for example pumped up higher than ever this year, so I'm guessing if we are going to see more surprises in the market. From the technical point of view, I think the wave count might be incorrect because of the curve-shaped previous impulse, though looks perfect to me, but in general the direction is right. SPX is about to break out of the triangle and move towards new highs, which I'm guessing could be 3600. Though before we get super excited and place long on SPX here, I'd highly recommend to see the next actions inside the triangle.
SP:SPXLong
by realMarketSurfer
S&P-500 - will there be Monday panic before elections?Very important how US indices will close today. All week long we had a non-stop selling , and if today we get the close at the lows (ideally close to support line), I would not be surprised to see strong follow through on Monday as well, even gap lower and limit down maybe. Prices often continue trending on Mondays in the same direction as Friday close. So given it will be 1 day before most important and unpredictable elections in recent history (and I am not even speaking COVID here), a lot of investors might decide to rush for the way out all at once, especially, if today is another ugly day in the making...
SP:SPX
by Silvestrov
4
NASDAQ - WEEKLY PREDICTIONA lot going on here, both technically and fundamentally. Any trades taken will look to move stops to entry for risk free trading ASAP given the volatility of election season and Covid resurgence. We cannot control any fundamentals, but we can control our risk management. Firstly, on the weekly we can note the potential wick rejections forming a Double Top. Drilling down to the Daily, we can see the descending channel and also the current area is very much a no trade zone where price needs to decide it's next move. Close below support and grey zone on the daily see's sells to the red line, next support. Buys on break of the channel and both near term fib levels to retest the 61.8% fib and daily resistance.
OANDA:NAS100USD
by RealistFX
Nasdaq - Trade opportunity! Short term trade idea: Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area. Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area. Below 11085 Area Bears could come in control with key support areas of: 10930 - 10711 Medium term: I am bearish US Indices, Precious Metals, EUR, AUD, NZD - This would be a counter trend move, please use appropriate risk management. Target for EUR - Low ends of 1.16 to 1.15 area to position for longer term EUR target of 1.22/1.25 All the best, Trade Journal Remember: Just a trade idea, not a recommendation.
OANDA:NAS100USD
by Trade_Journal
2
NASDAQ - WEEKLY OUTLOOKTechnical: Weekly Fib 4hr Fib 4hr Descending Channel 4hr Double Bottom 200ema as ceiling Buy Entry: Descending channel broken on 4hr Break and close above both 23.6% fib levels Close above 200 4hr EMA Confirmation of double bottom if price breaks previous lower high @ 11,200. Target 61.8% 4hr fib for around 500 points Sell Entry: Close back below both 23.6% Fib levels This will also confirm structure with another lower high 4hr channel holding Targets - -23.6% fib on 4hr as well as the 800 4hr EMA for around 600 points.
OANDA:NAS100USD
by RealistFX
NASDAQ 100 at key levelPrice is now consolidating below the key 11000. If we look at Elliott wave analysis, this should be the top. However, this summer showed the exuberance of greed and addition of retail traders like Robinhood, shifted the balance making retail trading almost 25% of all trading in the world. So while I am still advocating for a tech bubble burst, it may come later. Still appropriate to look for reverse patterns on 1 and 4 hour charts. A break of 11000 and close of the daily candle would indicate further buying momentum. This year has been truly astonishing. Please support the idea and share your thoughts on NASDAQ 100! Good Luck and Stay Healthy!
OANDA:NAS100USD
by Antonio_trader
1
S&P500 outlookSeems like wave B was finally over, now we are waiting for the continuation lower. Price near a strong 3000 level. Best to wait for more price action and wait for Europe session to open tomorrow as price expected to gap lower on the open and volatility will make it harder to point a good entry. As Central Banks and financial institutions cut the economic forecast this week a bit of realism returned to the markets as they noticed how bad things actually are. We shall see if there will be response in the form of more stimulus offered by the Central Banks to push the stocks back up. Please support the idea and share your thoughts on S&P500! Good Luck and Stay Healthy!
OANDA:SPX500USD
by Antonio_trader