JP_Tru

03:16

JP_Tru Updated 

Going over the days Price actions and expectations for tomorrow here we will take a quick look at: TVC:DXY CME_MINI:NQ1!

07:54

JP_Tru Updated 

This week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week.

JP_Tru Updated 

The month of March starts with the bullish momentum from the previous month Feb 2024. February closed with strength while creating a new ATH which I expect March to breach with ease. I will like to note: Monthly candle started on Friday March 1.2024 This is only of importance for the next sessions of intraday. Weekly candle has not closed yet. I will add...

03:53

JP_Tru Updated 

Thinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1!

JP_Tru Updated 

Nasdaq seems on a fast track to close Feb 2024 And still a lot can happen in 3 days, which is the remaining time left to close the month. One key point to make: While Price continues to deliver within Bullish structure. Weekly Price has been unable to close above 18071. Current momentum is expected to continue to push price higher, but noting price's inability...

JP_Tru Updated 

Lets look at CAPITALCOM:DXY Currently with a Bullish structure and slow build up Long. Seems it is attempting to reach that Monthly Area low. Bullish Dollar=Bearish Equities....Right? Well this has not been the case these particular past couple of weeks. We have not seen with clarity the inverse correlation between DXY and Equities. In fact everything has...

JP_Tru Updated 

Why I'm so hyped?... We just had a perfect start of a Bullish weekly model. Bearish Mon-Tues. stablishing weekly lows on Tuesday. Next will be the setting of the Weekly highs on Wed-Thursday with the following distribution on Friday if any. If you look at the NQ chart we went from internal to internal with big boy rejection of that 4H level. Normally under these...

JP_Tru Updated 

Is S&P 500 about to “CRASH”? Are we rushing into the possible next Big Short? So the S&P 500 futures contracts are depreciating in value, yes. Yet we foresaw this series of events. Has it been a rapid decline?
No. The Price Action and structure continues sound. There is no sign yet of panic or rapid selling signaling the Risk Off scenario all are predicting. Do...

JP_Tru Updated 

Is Nasdaq at the brink? To the dismay of many, NQ is currently trading at 14664.00 that was the weekly close of Oct 20, 23. And Price momentum would indicate further downside of price. But how much more? First let’s bring back into perspective the state of DXY. If you ask why then it is because if we encounter a stronger dollar in market conditions it reduces an...

JP_Tru

DXY oct 23, 2023 While many are expecting a more pronounced decline of DXY I am actually expecting more upside. Here is why: - Will start with a current price position from the monthly and will travel on to smaller timeframes as we move along. - Monthly - On the monthly DXY has broken out of a Bullish Flag structure it had formed from Dec 22- Aug 23 -...

JP_Tru Updated 

We witnessed DXY tap the weekly Volume Gap it had towards the downside. and immediately spring up with an internal market structure shift. is it enough? Price is consolidating here in this area and tho it might seem that further downside is in play we must tread carefully since there are looming wars and conflicts around the world. what does this mean for DXY? The...

JP_Tru

DXY with its deep retracement on previous movement has a lot of investors wondering where it might be headed next. Sound advice is to wait till Tuesday when Dollar will have by then given a clear signal on directional course. I will continue to update this post.

JP_Tru Updated 

Expecting a Bearish September. With the possibility of a higher Dollar, we are likely to see a pretty Bearish scenario in this month. Still for now I am expecting a price rejection somewhere around 15555 for NQ. Confirmation of this will set us up for a Bearish ride. My initial target downside is 15060 Which I would expect to hit sometime between Wednesday-Thursday.

JP_Tru Updated 

ES made some considerable moves to the downside this week. Now it is time to partially rebalance those scales. My expectations for the first few days of this week: Monday-Tuesday- Upwards retracement with price being pulled upwards by 4553. Once there I will look for area rejection signs for our next leg down to the 4483.25 target.

JP_Tru Updated 

We have DXY pegged for Bullish continuation. I believe DXY is carrying a HTF Momentum to the upside. It has made an incredible recovery since its Ranges Low at $99.578 And it does not seem to be losing steam. I see DXY making some sort of retracement with a possible bounce around $104.561, to continue its path with a series of UP closing candles all the way up...

JP_Tru Updated 

If you have not seem my original idea on this movement I suggests you take a peak here is a quick visual on the Bearish idea.. With the potential for a TVC:DXY retest before possibly continuing to the upside. I would expect to see the very same inverse behavior in equities as well as forex. Short term upwards movement-Monday, Tuesday -Target...

JP_Tru Updated 

Not calling tops that is not what we do. but we prepare for price reactions at certain points. 15680 is one of these areas of interest currently. looking for price to eventually gravitate back to this area its reaction there will give us all the info we need.

JP_Tru Updated 

EUR\USD has a Daily Volume Inefficiency right below this weeks closing price. I expect that, with the current momentum and the draw that this particular inefficiency is having on price for it to tap into this area and quickly spring up. This area of Volume Inefficiency is a visible Gap on the Daily chart Friday March 17-March 23rd this is also a Weekly opening gap...