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Equities, Gold, Coffee, Nat Gas, & Energy 11-5-20
Home » Blog » Market Analysis (all categories) » Equity Market Analysis » Equities, Gold, Coffee, Nat Gas, & Energy 11-5-20
It looks like futures are waiting for the results of elections or any news at all.
Does not seem to be waiting over here……. They have been ripping for a couple of days at least.
I am talking about intraday. Randy spoke about shorting nasdaq today and futures just held around the same level after breaking the up TL. Maybe they’ll dump in AH, but the whole day they have been just grinding around, like waiting for something to happen.
To go home short, or not go home short. That is the question.
@rsotc 1hr chart JO…. grey Box showing GAPs on the chart. Also sine wave on the bottom of the chart have a bullish cross.
elections results may not be clear until Friday?
with the Yen’s impulsive breakout yesterday it now looks like the Yen has decisively broken years long resistance and trendline supports … like the EUR it has been hovering in a threatening area for 15 weeks mostly closing weekly above the 104.80 level but now seems the “beyond a doubt” 104.10 support level broke and the dollar promptly plunged to the mid 103s … I think the EUR should follow … with 101 level the seeming next destination, this makes me very suspicious of the Japanese “market” rallies which usually move in tandem – there has been a divergence in… Read more »