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Project Bull/Bear for next week.
Sunday night futures bears.
Monday Tuesday Wednesday a fight to control.
Thursday Friday Bulls.
Never give up, never surrender.
Ftse 60min chart there is a descending wedge / pennant
with a floor circa 5400.IF the floor holds it could target 6000.
IF the pennant is a ‘b’ following the ‘a’ up
from March lows then ‘c’ up targets 6500.Floor tested on friday … make or break next week
and a good move will start, up or down is the ?Never give up, never surrender.
A group of asset managers from some of the largest London
based funds, have asked the BOE to shut financial
markets, for two weeks.Never give up, never surrender.
That would be suicidal. You have to let the markets find their price.
Plan your trade, trade your plan!
There was not universal agreement with some wanting
markets to remain open maybe with shorter hours.Many riskier securities, including junk bonds and
emerging-market debts, were now near impossible
to trade.Never give up, never surrender.
Many people need to sell stocks to raise much needed cash.
I suppose you could ‘fix’ all stocks buy / sell levels.
When it comes to FX you would need all Central Banks to
agree on fixed exchange rates buy / sell.Limit down / up and maybe shorter opening hours with
the odd shut down are all we are likely to see.It does indicate that we are VERY likely to see a
few well known funds go belly up, or request
a bail out.Never give up, never surrender.
I can see weekend FTSE and DOW have turned positive after being down -70 and -200 respectively despite all the bd news. On Friday the market was down but so was the Vix.
Does anyone use the Vix . Used to recall the market would dip in the week preceding OE and rally massively . That stopped working in March 2020 no surprise. Waiting to see what happens next week.
The waters are very muddy atm.
Friday we tested the floor a few times and when that
happens odds are the cellar door opens.However, there was a very late rally in US stocks
which could have been shorts closing, or being
forced out, for a gap up sunday night.For sure we are going to have perhaps the most
volatile week yet and that says a lot !Never give up, never surrender.
I can see weekend FTSE and DOW have turned positive after being down -70 and -200 respectively despite all the bd news. On Friday the market was down but so was the Vix. Does anyone use the Vix . Used to recall the market would dip in the week preceding OE and rally massively . That stopped working in March 2020 no surprise. Waiting to see what happens next week.
Vix is not behaving how it used to. The other day the market was up slot with vix up. That turned out to be a great contra indicator.
As for OE, it’s s complete gamble nowadays.
It’s the algorithms, they have changed so much of what used to work and what does not.
Plan your trade, trade your plan!
Talk of a $4 trillion infrastructure package.
US stock market bulls will want that news asap.
All in all it’s a cocktail of good and bad news
for next week and I would guess we will see
big swings based on unknown event timings.No position for me atm.
My trades will in the blink of an eye next week
as I not hanging around in this market.Never give up, never surrender.
Talk of a $4 trillion infrastructure package. US stock market bulls will want that news asap. All in all it’s a cocktail of good and bad news for next week and I would guess we will see big swings based on unknown event timings. No position for me atm. My trades will in the blink of an eye next week as I not hanging around in this market.
To be fair this news was dominant last week and it will keep recurring to push the markets higher.
I am very unsure here so will sleep without opening any positions and see you all in the morning.
Goodnight or should I say Good Morning David aka Hatman 🙂
Plan your trade, trade your plan!
Yep, good morning here in the Far East.
SPX has sustained the pattern shown a few days ago – quite possibly an ‘A’ up followed by a ‘B’ down. Then we got sideways action.
This sideways action can be interpreted as another ‘B’ wave pointing lower. But looks can be deceiving, and I’ve seen patterns like this resolve upwards.
Futures at the moment are pointing sharply higher.
Note the sideways channel which often resolves in a move equal to size – so an upwards burst might target 2,620 or a downwards lurch to 2,380.
At the moment I still thing we’ve got ‘C’ upwards to come, but that’s a guess and I wouldn’t want to bet money on it.
This Dow futures action will have been a shock to
those shorting the late friday cash spike.We will know more when cash closes tonight and
when cash opens tuesday.It is possible we have a period when bulls rule
futures and bears rule cash.Expected an interesting week and it has not
disappointed right from the start.Never give up, never surrender.
Good morning all.they did a fair job of disguising it,but it looks like the journey to 2700+ is underway.the power of the fed.alarming to think…all that money and markets could turn down again as early as tomorrow.200 handle spikes are just normal price activity now lol.
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