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NDX futures currently up 100 at 9,083. Now trading in the original first chart target area of 9,070/9,166. Whether this will follow-through into RTH remains to be seen.
Lots of criticism of the UK Government’s handling of the virus appearing in the press both in UK and abroad. Questions being asked in Parliament about why airports were left open for travellers (and still open) without any virus checks or quarantine measures.
Government has now announced they *might* start taking temperatures at airports from Monday. Bit too late don’t you think…
In the meantime 100,000 visitors are reaching the UK per week with no checks, and then being allowed to mingle with the UK population.
As a result, UK has the worst deaths in Europe.
The eventual public inquiry will put a lot of blame on this government.
How they handle the reversal of lock down.
How they handle the post EU trade deal.
Get these wrong and I can see Labour back in
power at the next general election.Never give up, never surrender.
It’s on fire for now still, Cannot short it yet.
Possibly 11/11.20 ish, but it might be a shallow down.
Plan your trade, trade your plan!
AMZN: I’m still watching AMZN as a possible clue to these markets. As mentioned before, AMZN has already completed what looks like a clean 1, 2, 3 with 3=1.618. Now developing 4th wave.
Given that wave 2 was short and sharp, we can reasonably expect wave 4 to be long. AMZN had a first knock down which I’m assuming to be wave ‘a’ of something. Now in a wave ‘b’ rally. Various calculations create a target box ranging from 2,370 to 2,456.
IG Index is quoting an offer of 2,379 as I write, which is in the lower part of the target box.
Will be interesting to see what happens in RTH.
Eventual target for wave 4 is 2,233.
It’s on fire for now still, Cannot short it yet. Possibly 11/11.20 ish, but it might be a shallow down.
Short 2884.2 spx
Plan your trade, trade your plan!
AMZN: I’m still watching AMZN as a possible clue to these markets. As mentioned before, AMZN has already completed what looks like a clean 1, 2, 3 with 3=1.618. Now developing 4th wave. Given that wave 2 was short and sharp, we can reasonably expect wave 4 to be long. AMZN had a first knock down which I’m assuming to be wave ‘a’ of something. Now in a wave ‘b’ rally. Various calculations create a target box ranging from 2,370 to 2,456. IG Index is quoting an offer of 2,379 as I write, which is in the lower part of the target box. Will be interesting to see what happens in RTH. Eventual target for wave 4 is 2,233.
Sounds interesting, will watch with interest.
Plan your trade, trade your plan!
Remember the pathetic circus played out over the huge
supply of PPE from Turkey in April.It was to be 400,000 surgical gowns but that number
drained away each night the muppets came on TV.What did arrive after the RAF were sent to get it.
Now sits in a warehouse.
Having failed UK safety standards.
Not fit for purpose !Never give up, never surrender.
It’s on fire for now still, Cannot short it yet. Possibly 11/11.20 ish, but it might be a shallow down.
Short 2884.2 spx
Closing here for 2880.4 for 3.8 points.
Really cannot argue with that trade.
Plan your trade, trade your plan!
Remember the pathetic circus played out over the huge supply of PPE from Turkey in April. It was to be 400,000 surgical gowns but that number drained away each night the muppets came on TV. What did arrive after the RAF were sent to get it. Now sits in a warehouse. Having failed UK safety standards. Not fit for purpose !
Complete fiasco
Plan your trade, trade your plan!
Stocks are drifting upwards but have to avoid the three sell points.
US premarket.
US cash open.
US last hour.Some prelims for next week show bear Tuesday Wednesday.
Bulls have to avoid another late US sell off today and then
hope NFP reaction is kind on Friday then carry into Monday.To me these stock markets are climbing a greasy pole and
that’s why I want to maintain a low risk short 24/7Never give up, never surrender.
Not 100% sure of my next trade, really no idea if it goes SU or sells off.
I will get a trade later at some point, but just can’t see it currently.
Plan your trade, trade your plan!
Short 2887.4
Unsure whether it will work or how much I take.
Looking to close by 3.10
Plan your trade, trade your plan!
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