Derpy Trades
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$USD (USDindex.FX)$ Shout out to @魔群月光 for pointing out how to access DXY on Moomoo.
I charted DXY fresh, starting quarterly on the max time frame. Notice how price broke the red downtrend line and is now following the green uptrend line. It broke the strong resistance line in dark green on the weekly and appears to be back-testing it to confirm it as support; this is the line above which I said DXY was bullish. On the 4-hour, note the likely falling wedge RIGHT into support! If I'm analyzing thi...
I charted DXY fresh, starting quarterly on the max time frame. Notice how price broke the red downtrend line and is now following the green uptrend line. It broke the strong resistance line in dark green on the weekly and appears to be back-testing it to confirm it as support; this is the line above which I said DXY was bullish. On the 4-hour, note the likely falling wedge RIGHT into support! If I'm analyzing thi...
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Derpy Trades
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$SPDR S&P 500 ETF (SPY.US)$ $USD (USDindex.FX)$ This article is echoing my thoughts as to why dollar strength is increasing. Economies (and markets) outside of the US are suffering while US exceptionalism persists. Foreign investors, buying US dollars, to buy US equities. However, I don't believe the US is immune to recession so what happens when we finally get to that point? 🤔 Imagine both domestic and foreign investors pulling their capital out of the US stock market at a record pace, each one tr...
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Derpy Trades
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$USD (USDindex.FX)$ DXY to ~108. 🚀 I've been saying this for weeks.
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$SPDR S&P 500 ETF (SPY.US)$ Tired of spotting big moves before they happen, but missing out on the actual trade? Yea, me too. That's why I am developing a simple trading algorithm to follow based on any setup.
In my weekly YT Market Meowlysis tomorrow I will be sharing the setup that generated 10x and for some contracts even 15x returns on Friday. I am also developing trading materials that, perhaps at some point, I will release to the general public.
Subscribe for regular market updates - - >Derpy Trades
In my weekly YT Market Meowlysis tomorrow I will be sharing the setup that generated 10x and for some contracts even 15x returns on Friday. I am also developing trading materials that, perhaps at some point, I will release to the general public.
Subscribe for regular market updates - - >Derpy Trades
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$SPDR S&P 500 ETF (SPY.US)$ Aww man... I'm going to have to adjust all my key charted levels due to the dividend.
$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ Broke Sup of the bullish channel on SPY yesterday. Broke Sup of the bullish channel on QQQ in after hours today. STRONG support line on QQQ around 505.50. If that fails...
SPY Sup: ~576, 568, 565
QQQ Sup: ~500, 498, 490
Not financial advice.
Subscribe for notifications. - - > Derpy Trades
SPY Sup: ~576, 568, 565
QQQ Sup: ~500, 498, 490
Not financial advice.
Subscribe for notifications. - - > Derpy Trades
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Derpy Trades
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$SPDR S&P 500 ETF (SPY.US)$ We got the infamous "false break" of support yesterday, then catapulted upwards after a double-bottom. The symmetrical triangle is targeting a roughly 6.5 point move minimum. This could take us up to ~614, touching the main resistance line where we could see a decent correction, or down to ~596.50, which is the daily base line of the Ichimoku Cloud, from where we could see a nice bounce. Derpy Trades
Best of luck Cool Cats, and God bless!
Best of luck Cool Cats, and God bless!
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Derpy Trades
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$MicroStrategy (MSTR.US)$ hard to know what MSTR will do on a daily basis but trust that the pressure is on the bears with the Nasdaq inclusion and Bitcoin hitting new highs. Don’t let panicking bears intimidate you.
$Invesco QQQ Trust (QQQ.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Coinbase (COIN.US)$ $MARA Holdings (MARA.US)$
$Invesco QQQ Trust (QQQ.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Coinbase (COIN.US)$ $MARA Holdings (MARA.US)$
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Derpy Trades OP : Ugh, I wish Moomoo would warn me that my post failed to post successfully. I actually shared this yesterday...
Derpy Trades OP EZ_money : Maybe I need to check my settings then, lol.
Derpy Trades OP EZ_money : Nope, but DXY has a very strong effect on multiple markets so I keep a close eye on it.
Derpy Trades OP EZ_money : For sure. I've come to the point where I believe trading without watching DXY is like trading blind.
Derpy Trades OP 103217985 : That is a deeply personal situation and I am not a financial advisor so I can't offer suggestions. Personally, I have already moved a decent percentage of my retirement portfolio into money market funds and a small percentage into a shorter dated bond fund, leaving the rest in the market. If the market rallies from here I will miss out on some of that rally, but if it tanks I will have a decent amount of capital to buy the dip.