Spencer Li (Synapse Trading)
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Trading & teaching across 60+ countries. Over 15 years of professional experience, and featured on more than 20 occasions in the media. Get daily free market updates and trading opportunities.

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Forwarded from Daily Trading Signals
China has not released data for the number of asymptomatic cases (people who are infected and show no symptoms, but can still infect others), but Chinese researchers estimated that 59% of those who contracted the virus had mild or no symptoms. Documents seen by the South China Morning Post reportedly showed more than 40,000 asymptomatic patients that would not have been included in China’s total number of infections of more than 80,000.

https://www.theguardian.com/world/2020/mar/30/chinese-citizens-fear-catching-coronavirus-from-silent-carriers
Forwarded from Daily Trading Signals
Forwarded from Daily Trading Signals
Looking at the chart of Silver (XAG/USD), it looks like it has run into strong resistance, and might be drifting downwards to test its previous lows.
Spencer Li (Synapse Trading)
As I mentioned in the group chat, today markets are likely to be flat or up due to end of quarter portfolio rebalancing by funds. Looking at the H1 chart of the S&P 500, we are seeing a potential double top, and if the pattern completes tomorrow, could lead…
Following up from the H1 chart of the S&P 500 yesterday, today we saw price get rejected at the double top area as predicted, and prices have started to fall.

Although I am already short (and quite in the money), I will want to see a break of that neckline to confirm the resumption of the downtrend.
🔥 DAILY TREND ANALYSIS! 🔥
Remember, for strong trends aim to enter on small pullbacks; for weak trends aim to enter on larger pullbacks, and for ranging markets aim to buy low and sell high!

Strong Bull Trend: EURAUDy, EURCADy, EURGBPy, EURNZDy, GBPAUDy, GBPNZDy, USDCADy, USDSGDy

Strong Bear Trend: AUDCADy, AUDCHFy, AUDJPYy, AUDNZDy, AUDUSDy, CADJPYy, EURCHFy, EURJPYy, GBPCHFy, GBPJPYy, GBPUSDy, NZDCADy, NZDCHFy, NZDJPYy, NZDUSDy, USDCHFy, USDJPYy, WTIUSDy, XAGUSDy, 100GBPy, D30EURy, 200AUDy, 225JPYy, H33HKDy

Weak Bull Trend: GBPCADy, USDCNHy, XAUUSDy

Weak Bear Trend: SPXUSDy, U30USDy

Ranging: CHFJPYy, EURUSDy, NASUSDy

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Forwarded from Daily Trading Signals
The current rebound in markets may continue for a while following a bout of extreme pessimism, but another rout is imminent, according to the chairman of Rogers Holdings Inc. That’s because of a triple whammy of coronavirus-fulled economic damage, high debt levels and interest rates that are low, which will hurt when they rise.

https://www.bloomberg.com/news/articles/2020-04-01/jim-rogers-expects-worst-bear-market-in-next-couple-of-years
Forwarded from Daily Trading Signals
Looking at the chart of AUD/JPY, it has run into strong resistance, and is also resisted by the 20-EMA and the bearish trendline.

The confluence of these things provide a very bearish catalyst for a good short trade.
Forwarded from Daily Trading Signals
Having found support at the 20-EMA, the USD/SGD looks like it is going to test new highs again.
Forwarded from Daily Trading Signals
Global stocks fell Wednesday after President Trump issued a stark new warning on the spread of the novel coronavirus in the U.S., reviving concerns about the potential damage to the world’s largest economy.

Mr. Trump warned that the U.S. could face as many as 240,000 deaths as he asked Americans to brace for an unprecedented crisis in the days ahead.

The nation has more confirmed cases than any other country, with more than 189,000 infections, and projections from the University of Washington show the illness could result in 2,214 deaths a day at the peak in two weeks.

Source: WSJ
Forwarded from Daily Trading Signals
Forwarded from Daily Trading Signals
Currently at 120, still not low enough for a bottom. 🤔
Forwarded from Daily Trading Signals
Q1 of 2020: A Decade in 3 Months

• Soleimani drone strike
• Near-war with Iran
• Australia on fire
• Earth's warmest January on record
• Impeachment trial
• Royal family
• Brexit
• Kobe
• Africa locust swarms
• Global pandemic
• Olympics postponed
• Markets collapse
Forwarded from Daily Trading Signals
The U.S. benchmark S&P 500 stock index fell more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.

Economic data showed U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.

Also, business closures as authorities tried to contain the coronavirus pushed private payrolls down by 27,000 jobs last month, the first decline since September 2017, the ADP National Employment Report showed separately on Wednesday.

Source: Reuters
Forwarded from Daily Trading Signals
🤣🧻
Spencer Li (Synapse Trading)
Following up from the H1 chart of the S&P 500 yesterday, today we saw price get rejected at the double top area as predicted, and prices have started to fall. Although I am already short (and quite in the money), I will want to see a break of that neckline…
Following up on the S&P 500, yesterday I predicted the break of the neckline with a bearish day, and we saw a 5% plunge in prices for the day, closing just slightly below the neckline. I can safely say that our shorts are all very much in the money. 💰😎🔥

Looking at the daily chart, we will first need to see prices test (and possibly break) the previous lows, and then depending on the coronavirus situation, we will see where the market bottoms.

It really is quite amazing that we have managed to precisely time the past swing moves in the market so far:
- Shorting from end Feb to mid March
- Going long for the rebound (nailing the exact level of 2600)
- Going short near 2600

To check for past threads, just search "S&P 500" in this channel, or read our blog posts.
👉🏻 https://wp.me/P1riws-5MV
🔥 DAILY TREND ANALYSIS! 🔥
Remember, for strong trends aim to enter on small pullbacks; for weak trends aim to enter on larger pullbacks, and for ranging markets aim to buy low and sell high!

Strong Bull Trend: EURAUDy, EURCADy, EURGBPy, EURNZDy, GBPAUDy, GBPNZDy, USDCADy, USDCNHy, USDSGDy

Strong Bear Trend: AUDCADy, AUDCHFy, AUDJPYy, AUDNZDy, AUDUSDy, CADJPYy, EURCHFy, EURJPYy, GBPCHFy, GBPJPYy, GBPUSDy, NZDCHFy, NZDJPYy, NZDUSDy, USDCHFy, USDJPYy, WTIUSDy, XAGUSDy, 100GBPy, D30EURy, 200AUDy, 225JPYy, H33HKDy

Weak Bull Trend: GBPCADy, XAUUSDy

Weak Bear Trend: CHFJPYy, EURUSDy, NZDCADy, SPXUSDy, U30USDy, NASUSDy

Ranging: NONE

Mentoring & trading signals:
💰 https://wp.me/P1riws-31L

Free trading guides & resources:
👉 https://wp.me/P1riws-8s1

Share this channel:
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