The Week Ahead
Volume 122 - Fartcoin or $Trump?
Good morning all,
Last week’s call on the S&P e-mini was spot on and played out just as expected "I expect a test of 5800 on ES1 with a reversal back up towards 6,000", testing 5809 and reversing back above 6000 (6051). This week, I’m positioned for further strength, targeting >6100 with a real possibility of fresh all-time highs. The equity market continues to display resilience, and I see room for momentum to carry us higher. I will touch base on this later on.
On the FX side, my bearish stance on GBP remains intact, supported by fundamental and technical factors, but positioning has me somewhat concerned in the short-term. Today, I will post a fresh idea on USD/BRL. With Trump now in office, I think it’s a good time to put on the SPY/IWM 2x1 I mentioned last week. Strikes to be decided…
Let’s dive into the week ahead, starting off with some comments I put in the Substack Chat that some missed.
And in case you missed either…
For those that missed it last week,