US Equities are 1 day away from painting a monstrous Key Reversal on the MONTHLY chart, the like of which has no precedent!
I love to trade these on v LTF charts, typically on the NYSE open, and typically with a 76.4% retrace buy-in. A Similar strategy could well prove itself prudent in this example, but instead of taking 30 minutes to get an entry, and then a few hours to play out, this could take us right up to the US elections where Trump will almost certainly win a 2nd term, with the markets seemingly back on track after the Beer Virus scare, thanks to Trump's great stewardship, etc etc....
......but technicals are technicals, and if things pan out as I have indicated on this chart, then this could prove to be the mother of all crashes.......
.....of course, the Fed will step in and lower rates, but perhaps they wil use up all their ammo keeping the markets held up for Trump's 2nd term?
I love to trade these on v LTF charts, typically on the NYSE open, and typically with a 76.4% retrace buy-in. A Similar strategy could well prove itself prudent in this example, but instead of taking 30 minutes to get an entry, and then a few hours to play out, this could take us right up to the US elections where Trump will almost certainly win a 2nd term, with the markets seemingly back on track after the Beer Virus scare, thanks to Trump's great stewardship, etc etc....
......but technicals are technicals, and if things pan out as I have indicated on this chart, then this could prove to be the mother of all crashes.......
.....of course, the Fed will step in and lower rates, but perhaps they wil use up all their ammo keeping the markets held up for Trump's 2nd term?