Could say EURCHF was on a Down Trend Prior to all this Palava last few months EURAUD already retraced Fully and that was flat. So i'm Picking Continuation Down Trend
Re Post Reminder Looks like Following Previous Pattern Ignoring news Like i Say the News is Moulded around the Market at the moment The Market Drops "Quick Find Some News To Fit The Drop" "Quick Find Some News To Fit The Rise" lol
Always News about Netflix Little Bit Volatile but what stock isn't now days $800
I'd say it's about to pop given yesterdays start out of the gates, I saw some strong pushes. Stronger than normal.
Looks Weak Big Boys are open don't see any panic Selling of Spy Now market just Sooo ya Know!
Or Maybe Seems to be quite Negative Adjust Quickly : )
Just a Pull back for now Typical market Movement don't panic Fed still pumping in 22 Billion a week into the markets Economies opening up Employers have incentives to Spend all the Loan packages they got before Xmas on Wages and Stuff and they will be forgiven = Don't have to pay it back. Don't listen to BS News = Chicken Little "The Sky is Falling the Sky is...
One of the leaders on cracking Vacine Jumping through all the Hoops Dr Fauci says it looks good plenty of funding like 400 mill plus and heaps in the bank pulling out all the stops to be first.
Return to Previous Level Previous Up Trend Dec 2018 Economies opening up of course more oil is going to be used : ) Clever people brought at the low : )
2008 Crash just adjusted to fit different angle they didn't have a couple Trillion dollars pumped into the market then so is a tad steeper so i'm still Bullish Algo's playing the game and are just following previous pattern Bulls always win in the end especially indexes History proves that. But watch momentum on break of Support and take to closest next Support...
Algo = 70% and if they are anywhere they will be in the Tech Indices Fund managers just sit back after paying all his Brainy mathematicians and Goes "money money money money". These are Ai's they learn as they go they even predict ahead of time they act instantly there is no emotion they follow previous patterns they scan the news then wiegh it's value they can't...
Economies opening up, eventually everyone will be happy again. Spy and Oil both will be up too. Covid leveling out not actually dropping off just yet but worst seems to be over.
Still looking long and strong has to get over Blue long term Trend line. Might not get through and come back to 7910 strong support below it likes to return to previous levels also. Nice run.