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Break on through and reach for the stars, My Son 🤩

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Come on, come on, come on - I'm waiting for that feeling to come 🤩

 

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Holy cr@p :(

Was today just a trap for the bulls?

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Is the party over, Tamsin?

While macroeconomic data was pointing at a deep recession, Citi’s Snyder was focused on the recovery. But he questioned how much further the market would rise with the U.S. presidential election in November and simmering U.S.-China tensions.

“The returns from here will be harder to come by,” he said.

https://uk.reuters.com/article/us-usa-stocks/sp-500-rises-on-economic-recovery-and-vaccine-hopes-pulls-back-from-highs-idUKKBN2321Z4

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FTSE and S&P daily chart with monthly pivot levels.

Dax and Dow H1 charts with daily pivots and intraday Fibs;

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Dax following closely, Dax weekly chart with S&P overlay (blue line);

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A powerful erection forming this morning! 🐮

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A wee overnight poo-poo, this morning it seems all bottoms wiped and trousers back up! 🤩

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Consolidating before the next push?

Dax and Dow M15 charts;

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Shaping up to be a Debbie Downer day :(

 

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Will fortunes turn at the eleventh hour, Peregrin Took? 😟

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The Nasdaq has hoisted down its breeches and made a hefty relief:

918175771_USTech100_20200527_15_22.thumb.png.c367317b317324e59b25350c5166b07b.png

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Oh gawd, Samwise Gamgee 😿

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Is today a little pullback or the start of a big stinker! 😮

 

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3 minutes ago, dmedin said:

Is today a little pullback or the start of a big stinker! 😮

 

too sudden, had to be news. Trump and Honkers or covid antibody test does not mean immune

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5 hours ago, Caseynotes said:

Consolidating before the next push?

Dax and Dow M15 charts;

image.thumb.png.bc15613e8844146c2cedfe21616ac202.png

interesting article in The Telegraph that Jeremy Grantham the CEO of GMO hedge fun is shorting all indices predicting a crash..worth a read

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On 25/05/2020 at 10:00, Caseynotes said:

yes they are MT4 charts with level based indicators such as daily Pivots and intraday Fibs.

thankyou ...

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Back from the brink, bonnie loon 😻

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S&P heading for the monthly R1 having passed 3000. FTSE arrives at resistance.

FTSE and S&P daily charts;

Dax and Dow looking at the daily R1. H1 charts;

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    • Start the conversation The US election is scheduled for Tuesday 3 November 2020, when all 50 states and Washington DC will cast their votes. The vote spans six different time zones, so the first exit polls will be available at around 11pm (EST) when West Coast voting closes. In the UK, that will be around 4am (GMT) on Wednesday 4 November 2020. The election is likely to create opportunities for traders, with price movements expected across a range of forex pairs, indices and commodities in the run-up to polling day. Volatility related to the election could continue until congress certifies the result on Wednesday 6 January 2021, or even until the winner is inaugurated on Wednesday 20 January 2021. What should traders expect to see during the US election? All US markets tend to experience increased volatility in the run up to a presidential election, including USD forex pairs, indices and commodities. That’s because many investors will attempt to lock in positions before the result is announced – using polls to gauge public sentiment. The aim is to take full advantage of the price moves that occur when the country’s political direction is confirmed. At the top level, early indications suggest that the following could be on the cards if one of these two main candidates win: Donald Trump A Trump win could see an escalation of the trade war, potentially causing problems for some US exporters and having a negative impact on the value of the dollar. However, this effect could be offset by reassurances that tax cuts and deregulation will continue – boosting the US economy. Joe Biden A Biden win could see tensions in the trade war cool, providing a boost to US exporters and the dollar. However, these effects could be offset by tax increases for high-income households, and more limited deregulation.   How will markets react to the different candidates? Market commentary by IG Senior Market Analyst Joshua Mahony Stocks Markets hate uncertainty, and historically the perception has been that a new president might bring policies that could be harmful for stocks. This happened in 2016 when analysts were confident that a Trump presidency would spark a market collapse. But, we are now seeing that same fear creep in as people consider a Biden presidency and the potential uncertainty it could cause. Biden is openly more left-leaning, and his policies are expected to be geared towards human needs rather than those of investors and traders. This sentiment isn’t helped by suggestions that Biden would reverse Trump’s tax cuts, and it is likely that markets will rise alongside the potentially increased chance of a Trump victory as we approach the election. USD The value of a currency is supposed to reflect the health of an economy and its future prospects. Many are expecting Biden to be less focused on the markets than his Republican opponent, so the dollar could weaken in the event of a Biden victory. However, this effect could be offset if Biden is able to improve relations between the US and China after years of market anxiety. In this scenario, it would be the Chinese yuan which may benefit the most, with the trade war having sparked huge upside for USD/CNH. Keep in mind that if the wider markets fall on a Biden victory – including US stocks and indices – the dollar would likely rally in the short-term to reflect a risk-off move as investors turn to USD. Gold The prospect of a more expansive fiscal policy under Biden, and from a government which is happy to embark on substantial spending programmes, could provide a boost to precious metals. There’s a caveat here too, because in the past precious metals have also followed the same patterns as the stock markets during times of crisis. So, any collapse in equity markets that may come from a change at the White House could drag gold lower in the immediate period. Plus, while Trump has finally seen the kind of stimulus he would have hoped for, a Biden win could result in a more substantial stimulus package if the Democrats gain a foothold in Congress.   How are you trading?
    • Dax has been volatile today. Down 600, Dax down 4% on COVID fears. US open in 10 minutes. 
    • Hi, Can you please advise when is the last day to buy more TILS before settlement takes place? HL platform confirmed it is 30th October, can you please confirm the same? Thanks
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