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SPX: at the moment spx futures are trading above my target of 2,861. If cash opens above that level, the next target is around 2,900.
At some point the lock down will be eased but with some
social distancing.Any business that has tables and seats will need 50% of
them removed. Places like pubs and nightclubs where
people stand will need to reduce their numbers.At a rough guess that could result in huge numbers of
companies having to survive on a 50% drop in revenue.Many furloughed jobs will disappear at the restart
and many companies will go bankrupt because their
business model will not survive a 50% cut.Never give up, never surrender.
From the ashes green shoots will appear as young
companies emerge to fill the needs of the people.These young gun companies will start without the
debts of pre virus companies and will have a
pool of experienced workers to hire from.If I was a young gun I would look forward to
this challenge.Never give up, never surrender.
Ftse gives away few clues as to the S2 lean.
There is an ‘h’ and ‘l’ in the pt3 window, how confusing !
We have a gap up start so that is a potential magnet.
Never give up, never surrender.
Ftse gives away few clues as to the S2 lean.
There is an ‘h’ and ‘l’ in the pt3 window, how confusing !
We have a gap up start so that is a potential magnet.
Looking like it wants S2L … target 5900 to 5950
Never give up, never surrender.
Ftse gives away few clues as to the S2 lean.
There is an ‘h’ and ‘l’ in the pt3 window, how confusing !
We have a gap up start so that is a potential magnet.
Looking like it wants S2L … target 5900 to 5950
Only if this is correct the pattern would put Dow on for 24400
Can hardly believe those Ftse and Dow numbers but that is want
comes out of the Interocitor 😉Never give up, never surrender.
That would also target …
Spx 2890 … Dax +10800 … shirley can’t be right !
Never give up, never surrender.
Well FTSE has given up. That gives hope for a pop and drop.
Looking forward to SYSTEM GFS shortly.
Plan your trade, trade your plan!
If the ES gap is to fill it will be at 2829.50, some 20 point slower than here. There is no signal yet.
Plan your trade, trade your plan!
Closed all trades.
Ftse for +5pts
Dow for +50ptsI will look again later in US session.
Never give up, never surrender.
Well done Chris, I am taking it easy so far, nothing traded, nothing banked. That’s rare for me.
Plan your trade, trade your plan!
Just checking in to see if it’s tradeable yet and sadly it’s not for me.
Personally I am very surprised by today’s strength, its as if there is no selling. That’s fine if that’s the game they want to play. They love the FANG stocks and it seems they are thinking that its the FANG’s that will save the worlds economies. They are mistaken.
We will finish this uptrend and start a downtrend. As always the question is where and when? I am hoping for a signal before it happens.
Plan your trade, trade your plan!
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