$US500 - S&P500 futures - COVID crash 2.0 or correction ..?- BREAKING NEWS -
According to WHO, the new covid strain is considered "serious"
Let's see what this is all about. Technically we are playing out a bearish divergence that has built up since we found that top on november 5th price kept sloping up, but momentum was fading. And news like today is a perfect catalyst to make such a divergence play out.
We have some sort of support/demand line coming in again, we created that support line, when we found the bottom of the sept/oct correction and even backtested it nicely couple days after.
I think coming back to that trendline is healthy for the market, and if market participants really buy that demand again, we might be up for an aggressive rallye. If we smash that demand line though, I think there could be a bit more downside to this.
I think, at the moment its well advised to have decent cash posotion on the sideline rdy to be put to work.
I will post a LONG setup, whenever there are signs that market might be rdy to run.
At the moment, I don't think that we will be fully crashing, but, if we break that demand line with high volume, and maybe even backtest it as new resistance, then a short might be something to think of.
Stay tuned, and please comment like and follow me if you can :)
Coronavirus (COVID-19)
Bitcoin Path and entries pointsIn my last published idea, I've mentioned that if we lose the 56k zone we will be heading to test the 53k zone and I've already bought my position and I've added some bids at 52k but loosing the 52k zone on the weekly closure will be super bearish for me.
We are still moving in a downtrend since the 69k hitting and BTC lost around 22.5% of its value.
Today covid news and the losses in the American stocks were hard tbh, usually who do daily trades know the coloration between SPX and BTC and the 90% of the crypto market, the fear can always take control; but we will see the weekly closure + where the CME contract will also close.
GBPUSD 2H TF : 26.Nov.2021This chart examines the GBPUSD price behavior from October 27 to November 26. This chart gives you a good overview that will make better trading decisions based on MTR strategy and channels and micro-channels. If the price reaches our desired levels, we can enter to the Buy position.
Follow our other analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 26.Nov.2021
⚠️(DYOR)
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Stonk-Crypto Update (#46) : Contagion (of Risks not C19)Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Moderna up again!Hi guys, I think Moderna will go up again and get a trend change up. Today Moderna breaks out of the trenchannel and the rsi has also potential for going up. If the chart goes over the EMAs than it get also from them supported and have a good chance to go up again.
what you guys think?
Battle of BTC (1 day)Big risk-off of all global markets due to the outbreak of the new Covid variant.
Market structure is still intact.
The VWMA will cross down SMA50 which means a correctional period.
A bearish period will commence when SMA50 crosses down SMA200 which implies a simple death cross pattern.
I expect the floor to be around 50.5-51k as the trendline support has bounced twice in recent times (Jul 21st, Sept 28th).
🔥 BTC Potential Massive Reversal NOWAs of today's sell-off, Bitcoin has reached the bottom of the bullish channel in which it has been trading since the summer.
Today's sell-off in the market was triggered by fresh COVID news. A new variant has been discovered which is even more dangerous than the current Delta variant. Several countries and regions banned flights from the southern African region, which spooked the market and triggered a sell-off.
News is always scary since conventional TA is much less usable. However, more COVID bad news = more economic stimulus = good news for assets. So I'm expecting this news to blow over and that Bitcoin will hold the channel's support.
Before entering a trade, wait for a strong larger time frame candle to confirm the bounce. Risk loving traders might want to step in already now.
Where do you think that BTC will be going?
Happy trading!
Markets news n°37And it is back!
> Biden re-nominates Powell as Fed chair, praising the progress made in the USA
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Biden said "we’ve made remarkable progress", and the US admin mentionned the improvement in unemployement as well as economic recovery, shutting down voices of opposition within the US central banking community. No change in direction, we can expect the monetary base to continue to expand at the high pace started a few years ago (followed a couple of years pace higher than the previous one which itself was higher than the previous one).
The Federal Reserve has a statement (+ economic numbers) later today (24/11). Maybe a catalyst for markets to move strongly, even more strongly. The WH decision might have ended a period of price uncertainty, finally things can get moving!
www.whitehouse.gov
> ECB Lagarde also announced nothing will change despite inflation far above target
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Guess what? The game of ping pong continues between the US and EU. No that's not ping pong. How do you call the first one that moves loses? Hold my beard first to laugh loses? Anyway, here we go again: Despite inflation more than double of target in Europe (at 4.1% last I heard) Lagarde said rates would probably not increase in 2022. The evil conspiracy of "forcing growth" is ongoing. I'm sure it's going to work out just great.
If they create big moves and easy money in the market remember you need to make 4-5% just to breakeven. Passive "rentier" type boomers and unskilled bottom of the chain labor are the ones that lose. And yellow vest protests in France will never end, not until they get a "right-winger" elected, we're getting pretty close now. France might get its own Trump next year. But does anyone mind the transfer of wealth from passive rentier boomers and heirs to active investors? I don't (obviously).
> Europe bankers approved new system for stablecoins and more, but said "no rush"
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The ECB’s Governing Council announced 2 days ago they approved a new oversight framework for electronic payments, the "payment instruments, schemes and arrangements", or ‘Pisa’, framework. In particular in includes cryptos and stablecoins.
2 weeks ago at the Singapore Fintech Festival several banksters said the adoption of crypto should not be rushed, there should be more caution, while crypto entrepreneur(s) (Nick Ogden from RTGS.global) said it should go faster. Well no big surprise, that's not even news. Entrepreneurs are horny, bankers hate risk.
www.ecb.europa.eu
> Happy anniversary! Exactly 50 years ago journalists promised they would never lie
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Here's something that brings a smile: The Munich Declaration of the Duties and Rights of Journalists was signed by six syndicates of journalists of the six countries of the European community in Munich the 24 November 1971. 50 years. A lot has changed...
Here are a few juicy bits:
1) Respecting the truth no matter what consequences it may bring abut to him, and this is because the right of the public is to know the truth. HAHA!
2) Defending the freedom of information, of commentaries and of criticism. CANCEL HIM!
6) Correcting any published information which has proved to be inaccurate.
8) Abstaining from plagiarism, slander, defamation and unfounded accusations...
9) Never confusing the profession of journalist with that of advertiser or propagandist...
10) Refusing any pressure and accepting editorial directives only from the leading persons in charge in the editorial office.
> Elon Musk dumps his ponzi bags like Charlie Lee did, and crashes TSLA share price
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Remember when Charlie Lee sold his LTC ponzi beans at the very top in 2017 and collapsed the price? With some laughable excuse "I want no conflict of interest". Well richest crook in the world Elon Musk pulled a Charlie Lee, if I understood correctly to keep it simple basically his insiders and investors said in their own words he was a manipulative narcisist and Tesla was better off without him. Similar "conflict of interest" magic trick the guy at the top of the Litecoin pyramid scheme did. Didn't Vitalik also say some similar nonsense? He just wanted to retire from coding at 20, just live off his bags. Lazy.
Price could be early in a correction
> From the WSJ: covid deaths in 2021 in the USA have surpassed the 2020 number
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Americans, champions of obesity, recently surpassed their previous record in the area of covid deaths. And there is another month to go. The record was surpassed by early November, and 2020 death did only start in March-April. So it's going to be I guess about as bad. Despite all the vaccination and boosters and lockdowns and masks and capitalistic vitamin health improvement pills suckers buy and absolutely-everything-possible-except-losing-weight.
If I may give my personal experience I noticed my landlord, before 2020, was in charge of managing his clients, went out to walk every day. And after 2020 lockdowns his wife was managing everything and he was barely standing, with a stick. I think he is recovering he is walking faster than a turtle now. I thought he was about to die, these covid "saving lives" policies really hit him.
That's the only old person I know (and I haven't gotten anywhere close to him, self distancing), otherwise I haven't gotten sick in 5 years and if the media didn't tell me I wouldn't even know this virus existed. Living among us there are millions of terrified, isolated old childless boomers that never go out I don't even know exist - other than from statistics. Just rotting in their houses, waiting to die, right under my nose. A bit crazy to think of. Bruh I just thought... maybe there are some thousands of houses with dead people in them right now. Did anyone check? Damn.
The WSJ is suggesting the reason for this virus still being so relatively deadly is lower-than-expected immunization rates as well as fatigue with precautionary measures like masks. Interesting because a few days ago France PM caught covid and seems he gave it to other members of the government, after he was seen not wearing a mask and touching everywhere with his hands. He is getting roasted a lot.
www.wsj.com
IT IS TIME for reversal! $ROKU stock analysis.Hi everyone,
Today we are tackling NASDAQ:ROKU stock price downfall.
Why has it been falling so hard for the past couple of weeks?
In fact, Roku stock has been losing in price every month since July. And losing a lot.
It is now trading at 50% below July's highs. That's insane.
Roku was a major COVID theme play, as everyone expected the stock to benefit from lockdowns.
Indeed, it had grew massively and was overpriced in July-August.
Is it a hopeless stock now?
As practically all COVID-benefitting stocks in the past month, NASDAQ:ROKU stock was losing in price.
After Q3 earnings report it dropped another 15% in a week. Although the report was not terrible.
My verdict : the stock is now suffering for its massive overvaluation by the public.
The Analysis.
From a technical standpoint, it is almost time for a huge reversal.
Looking at the last year's Volume Profile, we can see that 311-362 price zone saw the majority of volume traded with a POC around 317 .
Now the price is far outside the Value Zone and approaching a support line.
Price surpassed important 272 level.
I expect the stock to reach 200 zone in a near future for a buy. Although, it is a conservative lower risk play.
Stock already poses a pretty tempting buy opportunity.
In the long run, I expect the price to test orange resistence line above.
AND if we break it, honorable return to high-volume zone of 310 and above is due.
As always, trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
FRANCE COVID-19: Not spared the waveAccording to the model, France would not be spared the next wave, but it is delayed until January 2022 thereabouts, based on the current trajectory.
AUSTRALIA COVID-19: Too quiet about it.Based on the model, Australia is in an extended huge wave of COVID-19, which built up since its winter in June. the past two weeks spiked even more.
Interestingly, we hear very little about it. It did jump significantly over the past two weeks.
ITALY COVID-19: The next wave is already here... Ok.. so according to this model, Italy is going to join in the ranks of the next wave, by December 2021 it should be very clear, and into 2022 it will be in the news.
GERMANy COVID-19: DramaticAM described Germany's COVIS-19 situation as Dramatic.
We concur.
September 13 was the date is was clear... and it started from August.
See how a virus spreads as the last four weeks accelerated much faster than the previous four weeks, so much so, it is visible by eye on the MACD Histograms
ascending channel, gains after earnings, short-time bullishNot financial advice!
We can clearly see the ascending channel of this stock. Even though the stock is running for quite some time now, I don't think it will actually stop before we see $54,XX.
After last earnings the stock gained about 20% and reached the top of channel after 14 trading days. From my point of view, since the last earnings reported were even better and the Covid-medication is on the way, there is no doubt that it will touch the top of channel again within a few days. If it does, it magically gained about 20% within 14 trading days after earnings.
Watch the last high closely, as PFE may get rejected there.
Not financial advice!
NZD CHF Update: A successful rejection in the booksFor months, the pair has struggled to close above the 50 Month Moving Average. It may be getting a successful rejection of an area full of support including the 200 Day Moving Average and the 0.382 fibonacci level.
Patience is key as the Swiss Franc has been strong recently with weakness showing up in the past 2 weeks - partly because speculators are betting that the Swiss Central Bank will step in to control the currency amid the strength.
On the other hand, New Zealand abandoned the zero COVID-19 policy as the government has acknowledged that the people will have to learn to live with the virus. This will give the economy and the currency the support needed to recover.
BA Breakout and My Trading PlanBoeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out.
With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could be the catalyst that BA needs to start going back up. The USA also are now allowing vaccinated foreigners into the country which is huge for tourism.
I will be playing the gap fill at around 230$ - 235$, which would be my TARGET #1
There is also GAP #2 at around 245$ which could be the second target if it breaks the 230$ and the 240$
BEWARE: we did create a gap below, and is very possible that we fill that gap below before we can rip higher
OPTIONS:
I would take a month out, if more for these contracts. The Dec 3rd have decent open interests on the 225C and the 230C
DEC 17th look the best however with over 10k Open interest in many different contracts.
GOOD LUCK!
our beloved $ATOS *This is not financial advice, so trade at your own risks*
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My team entered $ATOS again today at $2.75 per share and have set our first take profit at $4.
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XAUUSD SHORT TO 1570Gold has been in a downtrend since August 2020. The first impulse move down completed at 1670 & since then we have seen a very slow and choppy correction back up towards 1870 which was wave 2. Currently looking for rejections around 1872-1875 before taking any short positions. I am expecting wave 3 to start here which will be the main trend all the way down to 1570. This will be a really strong crash down and will lead all the way into 2022.
I will be catching this move on behalf of myself & my Account Management investors within my Fund. My Tradingview profile has my contact details.
XAUUSD TO 1796On Friday we saw Gold price shoot higher on the back of NFP data creating a weekly high. We have an unmitigated zone between 1806-1794 which still has to be filled before a further move up towards 1872. I am expecting a correction now, since the new impulse, Wave 1 of the Elliot Wave Theory is about to complete around 1823-1827.
This is a HIGH RISK TRADE as market was extremely bullish towards the end of last week. I will be catching this move on behalf of myself and my Account Management investors.
Novavax ShortPfizer's monopoly is very strong on the Covid-19 vaccines . They are spending millions hiding their side effects and creating hurdles for their competitors at the regulatory agencies SUCCESSFULLY . It maybe that Novavax has one the best products out there but that simply does not matter at this point , we know how powerful big pharma can be and Novavax's lateness to the game will not serve them well here . The biggest dangers to NVAX are now the regulatory agencies taking long/asking for additional info and the COVID-19 Antiviral drug news ( Merck's pill approval will be this months and Pfizer may come out with their Phase III study result any moment now). Both are very likely .
NVAX will likely reject braking $200 TODAY. $195 -$200 will be a great entry point for a opening a short position on this . RISK /REWARD RATIO VERY LUCRATIVE .