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I don’t think the Fed and EcB covid19 asset purchase plans
have been fully rolled out yet.
Expect when they are later this month another lurch higher
for major stock markets.
It would be sad if bears shorted this all the way to the top,
helping it rise by being stopped out, only to find their
trading accounts empty, for the eventual dramatic fall.Never give up, never surrender.
Absolutely nuts..short 26099 dow
Joined you at 3117.9 SPX
Although I think this could be a high, I am honestly scared of adding to shorts.
Plan your trade, trade your plan!
Ftse S3L … not a bad looking S3H
There should be a tick down … nod to the gods … to satisfy
the STD but then it’s likely to just continue in the direction
of least resistance.I guess the Ftse is happy above 0.50 fib retrace now and on
to try for the 0.618Raving mad really but it looks the way forward.
Never give up, never surrender.
Ftse S3L … not a bad looking S3H There should be a tick down … nod to the gods … to satisfy the STD but then it’s likely to just continue in the direction of least resistance. I guess the Ftse is happy above 0.50 fib retrace now and on to try for the 0.618 Raving mad really but it looks the way forward.
One thing about this rally is the magnitude of the tick downs. They are horrendously small.
Rallied 30 points in a stright line and now it is just consolidating at the top.
Plan your trade, trade your plan!
The market seems to rest and then traders take positions.
Algos then look at relative positioning and stops to
decide which direction is of least resistance.Never give up, never surrender.
Closed the 3117.9 short at 3113.6 for 4.3 points.
I am so disappointed with that. I shorted near the high and yet that is all I could manage.
I have the 3100.4 short from earlier that I actually have no idea how long I will be in (again another not so ideal situation).
Plan your trade, trade your plan!
This market is not real and Oil proves that today.
They are openly saying that the production cuts extension is in doubt now. If they go back to the levels they were, that is when Oil went negative. Yet instead Oil went up on that news.
Plan your trade, trade your plan!
Here we go again. 2 hr 20 mins to retrace just 10 points and one 5 min candle suddenly retraces the whole 10 points in one swift go.
Plan your trade, trade your plan!
Forget DAX 12000 yesterday, then 12100, then 12200, then 12300, then 12400.
Now out of hours it is 12545.
Complete bonkers.
I have no desire to short anything more tonight. Just go to let it do what it wants to do.
One thing I know have instilled in me, Fundamentals mean absolutely nothing. S&P is trading on a forward PE of 25. What is that all about.
Sure I have seen plenty of rallies in cycles before, but never one like this where the reason it went down, still exists. Moreover the risks of a second wave are very real.
Plan your trade, trade your plan!
The market seems to rest and then traders take positions. Algos then look at relative positioning and stops to decide which direction is of least resistance.
I cant wait for the selling to begin. The algos will get very messed up when supports break. You will get a flash crash!
Plan your trade, trade your plan!
Not one down day on ES futures since 21/05/19.
That is 9 days up in a row.
Plan your trade, trade your plan!
Appears to be wave iii of 3 of C. Shortly the relentless up move will come to an end, then we’ll get a series of awkward 4’s and 5’s to complete wave C. Might take a month or more to complete…
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