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Sizeable downwards move in the Pound yesterday. And another Guardian article this morning saying that Boris wants to be tough on trade or he’s happy to have a ‘hard arrangement’. This all seems designed to send the Pound south – a 1:1 exchange with Europe would certainly make UK goods competitive.
Dow: it isn’t declining in fives – seems to be some sort of three combination. It *might* be a descending wedge as shown on this chart, in which case a rally to 28,650 would meet the upper trend line.
Small short Dow at 28755 … stop tba … limit tba ( x 2 )
Based on this entry point we have gaps north and south
and I expect them both to fill.Never give up, never surrender.
According to Zerohedge, TSLA is (apparently) up another $120 pre-market at around $880…
… not sure there’ll be enough space on the chart tomorrow…
Yes it does look like the upper gap will close first
and then we should ski down the slope !Never give up, never surrender.
Dow cash has closed the gap and gone higher to revisit
the Dow futures ‘h’ / start of the last leg down.We now hold short and wait to see if we are to have
a run down towards Dow 28000My work indicates wednesday and thursday are bearish.
Stops are set so time to have a well earned rest as
waiting and watching can be very tiresome.Never give up, never surrender.
SPX: spx seems to be showing a completed abc rally. C=A @ about 3302/3 and it got to 3306, probably near enough to show a C=A situation.
However, the rally was very sharp and there is no divergence in the MACD. That suggests there might be higher highs to come.
Possible that this abc is just ‘A’ of something larger, perhaps a minor correction and then another rally.
Quite so.
Which comes first Dow 28000 or 30000
Market has traders in a strange place.
Never give up, never surrender.
Small short Dow at 29100 … stop 30000 … limit 28000 ( x 2 )
I think this move is false and I will use all my profits
from 2020 to back my self.Never give up, never surrender.
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