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… and against the Euro there is now a ‘golden cross’ on the chart (where the 50 crosses the 200 while both are moving upwards)…
SPX: it came down to (almost) test the 21 day average then bounced sharply (see chart).
A week ago it tested the rising 50 day and also bounced.
The averages don’t seem to be as significant for SPX compared to Dow and NYA, but on these recent occasions they have certainly worked.
The 50 day has now crossed upwards through the (rising) 200 giving a bullish golden cross signal.
Still nothing on this chart that looks bearish (at the moment), and infact with it trading above the moving averages and now the golden cross this is still a bullish chart (until something happens to suggest otherwise).
I read all the detail of Rushi Sunak’s latest virus induced budget, and I must say I am appalled by it. It all seems so unnecessarily complicated. What’s this ‘voucher’ thing where people get a discount in a restaurant up to 50% so long as it isn’t above 10 Pounds? Huh? Who is going to administer such a thing? Why didn’t he just cut VAT to zero effectively giving everyone a 20% reduction? Why this highly complex voucher thing? What nonsense.
And I’m fed up with the Boris buffoon. When he was Lord Mayor his fluffed up hair and ‘jokey’ demeanor were seen as a bit of fun. But now tens of thousands of Brits are dying and still all he seems to care about is fluffing up his hair. How disrespectful can a person get? He obviously cares nothing about the British people – he only cares about his image as a clown. People are going to get fed up with him pretty quickly.
Good Morning Hatman et al
Cimac ? what happne3d Kind Sir ? Trust all is well
Good luck to us all
rgds
Small droplets of rain turn into Rivers, Streams and Mighty Oceans
Two more people have died of the coronavirus here in Korea, bringing the total number of deaths to ….. 287.
Yes, out of a population of 60 million (same as UK) we’ve had only 287 deaths.
Yet the UK has had 40 – 50,000 deaths.
Everyone in Korea wears a mask, including our President.
In the UK the government still ‘doesn’t know’ whether masks are effective and no-one in the government wears one. Nicola Sturgeon is the exception.
Watching all the world news, my opinion is that the UK Government has been (and still is) incompetent and ineffective, and the UKs management of this crisis is amongst the worst in the world.
All ok here zarif
It’s a family birthday so we are having a small party
in line with current guidelines. Cake and wine are
still allowed and we can laugh.Never give up, never surrender.
Have fun cim.
Futures a total chop fest again,higher low put in,it feels like it wants to break upwards,still no red prints can stick,cant even test 3100..im gonna look for a little dip in the openi g hpur to buy.Good afternoon all and glad to see you all doing well.
I have escaped from prison and plan to hide here on Kpad for the day.
Short 3151.8 at the open.
Not sure where I want to take it but I feel it looks up, but could go down.
Plan your trade, trade your plan!
WOw although I have caught up with the charts, you do not get the “feel” for the market like that.
I just experienced that 14 point WCB. Seems like the market is still at the same nonsensical point it was when I left.
Plan your trade, trade your plan!
Oh dear, I see the markets are exactly where they were when I left. Find a low and then grind SU.
Plan your trade, trade your plan!
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