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Labourday

SPX bullish - oversold and bounced off trendline support.SPX at trendline support. The most likely scenario for a short term bounce on this trend. SPX today intra day held this level and reversed course as it touched this trendline. If you short( bearish ) time to lock in some profits and for those not short or cash waiting for the opportunity to buy its time to go long or be bullish . We are also oversold here. Also generally markets do rally going into the long weekend. Starting a small long position here, would be the trade as this trendline bounce play out. Short term trade idea. We are a little long here as history repeats itself. This is not a bottom: more like a relief rally in a bear market. Note: This is not investment advice.
SP:SPXLong
by marketaction_live
1
PRE-MARKET ANALYSIS: (EUR/USD STAYS IN A POSITIVE TRADING BIAS)PRE-MARKET ANALYSIS: (EUR/USD STAYS IN A POSITIVE TRADING BIAS) September 5/2021 Unlike the last trading week in which the entire major currency market gain a bullish power against the dollar, this present week again will likely be favour by the high impact of buyers present in the market. Thus an increasing momentum of positive price action will be welcome in the EUR/USD pair. Although the United States of America will be having its labour day public annual holiday event on Monday 6th of September. While you might be wondering about how you should approach the market in this trading session paying careful attention to both the indicator and technical analysis will assist you in making a profitable trading decision. Technical analysis trading recommendation; the EUR/USD price is set to begin a new mission towards the June 23rd previous highest high. While on the flip side if the price could no longer reach this level a sideway movement will tend to be presented in the overall market condition of the EUR/USD pair To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Long
by Theexcelentrepreneur
6500 Points! Are you a believer? 🇺🇸Happy Labour Day! The Japan-based holding company, Soft Bank, reportedly purchased billions of dollars worth of equity derivatives in the United States, triggering a month-long rally in technology stocks. The surge in call option trading has surprised even market veterans who specialize in derivatives. Research by Goldman Sachs has shown that on a daily basis, the total value of call options traded on individual Wall Street technology stocks averaged $335 billion in the past two weeks alone, three times the moving average in the 2017-2019 period. This contributed to a sharp overheating of the indices, resulting in the impulsive sell-off that started last week. Even though the S&P500 is set up for a correction, longer-term, the index will reach significantly higher prices. Our target in the S&P500 remains in the area of 6500 points. Afterward, it´s time to brace yourself and buckle up for the next big sell-off.
OANDA:SPX500USD
by MarketIntel
3
U.S Labour Day - "Thin Market"Just a gentle reminder to my fellow retail traders, beginners traders to be exact (professional traders, stay away! - This could be a patronizing post), today is U.S Labour Day. The banks are closed. The massive movers of the price are indeed the banks, so when they are closed, even though we can still trade USD pairs today, expect a very very small range price action today. The USD based pairs I am referring to even include Gold, XAUUSD and WTI/USD-Brent). Don't ask me Bitcoin vs USD. No clue about that! I roughly looked at Labour Days in 2016, 2017 and 2018 for the world's most liquid currency pair on the planet, the ranges at those days were indeed well below the average daily range at the time (Average = Avg 10 days +Avg 20 days + Avg 30 days). Cross pairs are game for today, their ranges are normal. Happy Trading!
by sufiansaid