09/23/2020 Live Update

[Al_Dente]

WHAT
Better read this ... later:
The Fed Is Preparing To Deposit "Digital Dollars" Directly To "Each American"
PROPOSED:
Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession.
"it took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure.

https://www.zerohedge.com/markets/loret ... to+zero%29

[JFR]

WHAT
Better read this ... later:
The Fed Is Preparing To Deposit "Digital Dollars" Directly To "Each American"
PROPOSED:
Congress would grant the Federal Reserve an additional tool for providing support—say, a percent of GDP [in a lump sum that would be divided equally and distributed] to households in a recession.
"it took Congress too long to get money to people, and it’s too clunky. We need a separate infrastructure.

https://www.zerohedge.com/markets/loret ... to+zero%29

No signature? It'll never fly. Ha ha

[BullBear52x]

2020 is when it starts the Japanese model of interest rate

[Cobra]

The breakdown finally revealed the day as a downtrend day but it's too late for me.

[BullBear52x]

I am sitting out now, greed kills. wait for new sell setup.

[Al_Dente]

Sellers are 2.6x buyers
SHORT INTERNALS

[BullBear52x]

Come2papa

[Cobra]

Members only update at 12:16 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[BullBear52x]

5 min. buy setup, under 5 DMA, weak buy good for shorts profit taking point, no buy for me. Last chance for counter trend bulls.

[Cobra]

$GLD is now confirmed descending triangle break down. I'll be waiting at the weekly EMA20 to buy. I like gold. Printing money will be a new normal for many many years
viewtopic.php?f=2&t=4175&p=287527#p287527

[te_fern]

Watching this trendline...

[BullBear52x]

$GLD is now confirmed descending triangle break down. I'll be waiting at the weekly EMA20 to buy. I like gold. Printing money will be a new normal for many many years
viewtopic.php?f=2&t=4175&p=287527#p287527

The problem for GOLD is dollar will be reserve currency for a long time, in MACRO point of view strong dollar will last at least few more years, that in turns will not do good for GOLD. I am a short term guy any way just my opinion that dollar will not collapse.

EDIT: Also I don't think dollar or SPX will collapse any time soon.

[BullBear52x]

Hop back on the south bound express.

[BullBear52x]

First I sell on the weak sauce, if there is strong sauce to follow that will be my last sell of the day.

[Cobra]

Consolidation, bias is up.

[Al_Dente]

"Interactive Brokers Hikes Margins By 35% Ahead Of Election Market Chaos"

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here. I say, 51% chances.

[MrMiyagi]

NYMO down to -69.50, this is a possible setup for bullish "W" print with a target to +20/+40. Lower end can extend more, down to -80.

Chart is from last night hence the prices.

nymo

[BullBear52x]

Not looking good for bulls, tomorrow will be another selloff with this weakness. I am sitting out now.

[BullBear52x]

support, tomorrow will be another story tho