Trade All: Currencies+Indices+M etals 841 replies
securitiesNfinances - mostly equity/bonds/Taxes/Investments talk 17 replies
MT4 broker offering DAX, DOW, Oil & Major Indices 18 replies
Trendfollowing in stocks, indices, forex and commodities 42 replies
DislikedWe might have a short-term bottom in place for ES. Normally bear market lows are retested so I wouldn’t do any long-term buying yet... Here’s how I think this might play out. The rally: Market thinks all our problems are solved. Covid-19 is sort of beat because an effective treatment has been discovered and on the economics side we are okay because there’s all this fiscal stimulus now and central banks are printing like never before. The retest: Covid-19 may or may not actually be fixed, not my area of expertise so I can’t speculate there. Either...Ignored
DislikedWell for now the US has a stimulus package agreed and the markets are rising. Depending on news of course but I think the targets are .. S&P 2564/2660 Dow 21630/ 22650Ignored
Disliked{quote} This Although I think that a retest will happen much sooner. Still surprised spx ran so hard I knew there was a bounce coming which was why I wasnt trading /es but even then woah, I know the fed but still seems abit sharp of a bounce. Could see es dropping hard today. But could see another rally given how high it ended yesterday. Also Ive found that watching /cl has been a great tool for helping predict /es in past 1-2 weeks; ever since wti plungeIgnored
Disliked{quote} Retrace to 226xx based on weekly make sense. I think the worst has yet to come coronawise for the US so i wouldn't be surprised to see 15K. {image}Ignored
Disliked{quote} Statistically speaking, purely based on today’s return the odds strongly favor tomorrow being down and the odds of being down a week out are over 50%. {quote} Maybe short term. I don’t like the euro due to Italy an Spain having so much trouble with the virus.Ignored
Disliked{quote} Their economies are getting crushed. If you do the math and look at the debt compared to GDP you know it will be much worse than Greece. Attachment is a bit old but you get the point. {image}Ignored
DislikedEntering /si, gold to silver ratio seems bound for bounce, and metals trading seems more ideal than risky indices at the moment. Good luck trading everyone!Ignored
DislikedHi guys my thoughts on these markets are just from chart observsation only. Fundies have never been my thing but yes I see your logic Horrible times EDIT...Italy has reported a drop in cases over the last three days....we need a wee bit of good newsIgnored