priceactiontds

priceactiontds

Good Morning and I hope you are well. bitcoin Quote from last week: bull case: We are at support until clearly broken. Bulls got a two legged correction which was very shallow and weak. They have no arguments on their side besides the previous resistance one. Best they can hope for is more sideways movement until the 1h 20ema comes closer - currently at...

priceactiontds

Good Morning and I hope you are well. This is my weekly outlook, written yesterday evening. So market already made the new ath and now I wait to see if they want to squeeze higher or we hit a hard wall for big players to continue to unload. gold futures Quote from last week: bull case: 2285 was the low last Friday and this week held above it and my two...

priceactiontds

dax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...

priceactiontds

dax cfd Quote from last week: bull case: Bears gave up since Monday and we melted 800 points higher. I got 2 measured move targets above, 19280 and 19650. Technically we should see a pull-back first and depending on how deep it is, we can calculate new targets. I think next week everything will be determined by the PPI and CPI prints. If they come in low, I...

priceactiontds

overall market comment This week we found out how high the squeeze could get and markets made new all time highs. PPI was bad but market rallied anyway and bears gave up on CPI numbers. We are at the highs where we saw a bigger sell-off in April and it’s more reasonable to look for shorting the double tops, than betting on another melt-up for the biggest asset...

priceactiontds

Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is...

priceactiontds

Good Evening and I hope you are well. overall market comment US CPI came in line and it was obvious that we would melt then, since yesterday PPI was hot and we melted anyway. Now we get a deep-pullback the last weeks after new ath’s and now we got the retest or new ath’s. From a technical point markets are now absolutely free to do whatever they want. Right now...

priceactiontds

Good Evening and I hope you are well. comment: All bear trend lines clearly broken and higher prices are expected. My line in the sand for the bears is now 67250. If bulls can get above that, we see 70000 with very high probability next. I got measured move targets 70000 and 72000. current market cycle: Trading range but I’m open to a bull trend for retest...

priceactiontds

Good Evening and I hope you are well. overall market comment US PPI surprised upwards and markets printed a crash bar, just so the bulls can do the reversal and squeeze all the shorts. Measured move targets from that spike lead to many logical resistance levels and after today there can be little doubt we won’t get there before US CPI is released. Odds that...

priceactiontds

Good Morning and I hope you are well. A quick one on #baba Alibaba comment: Last time I wrote about Baba I said this "medium-long term: Sideways until no lower lows and consecutive bigger bull bars without an immediate selloff the next days" The stock found it's bottom and points upwards. Many tails around the 68/70 area below and big bull bars now...

priceactiontds

Good Evening, I hope you had a great weekend and you are well. overall market comment Very slow and range bound trading day in most markets, so only a short update today because my nothing in my weekly premise changed today. gold comment: Market is forming a triangle and since we are near the low, bulls are expected to buy it above 2312 to not make lower...

priceactiontds

Good Evening and I hope you are well. current market cycle: Very weak bear trend - if bulls trade it above 67400, it’s a trading range key levels: 56000 - 65000 comment: My white circle played out exactly as I thought it would and bulls having a bad time trading above the daily 20ema which is bearish. Bulls will probably soon give up trying to keep this...

priceactiontds

overall market comment Markets clearly proved me wrong this week and right now the only question is how high this squeeze goes before we reverse. Dax already made a new ATH and it does not look like it’s going to stop anytime soon. For the sp500 & nasdaq markets tried multiple times on Friday to melt up on big volume but some bigger institutions stuffed the...

priceactiontds

Good Evening and I hope you are well. Gold comment: Strong buying today and bulls made a higher low and higher highs. Please have a look at my chart, which contains my next best guess on what could happen. 2375ish has enough targets to be a magnet above but I don’t think we can get there without a pull-back. A retest of 2448 is still very possible. current...

priceactiontds

Good Evening and I hope you are well. overall market comment Markets went sideways again which means balance. Currently most indexes fight for the 1h 20ema and oscillate around it. Bears got a deep pull-back which probably ran many stops just to quickly trade back up again. We are high enough to qualify for a proper lower high so the minimum bullish targets...

priceactiontds

Good Evening and I hope you are well. Most indexes closed around their opening prices and that’s as neutral as it gets. Dax squeeze party goes hard again. I do believe with all my heart, buying long term shorts here at 18500 is an absolute no brainer of a trade. It’s also mathematically as sound as it gets. You decide what sounds better. Get an 2x or 3x dax short...

priceactiontds

overall market comment I was clearly wrong with the bearish reading and bulls got another strong day and closed at the highs. Strong buying signal going into tomorrow for at least a bit more upside but we got so far, there is no reason why can’t make another couple of points to retest the all time highs now, where I expect sellers to step up again and bulls to...

priceactiontds

gold futures Quote from last week: bear case: Given the bullish climactic nature of the last 2 months, some correction is on order but bears need follow through below 2300 for a retest of the breakout around 2250. On the daily chart, this too is a two legged correction but it’s looking much less bearish, because we are still around the lower bull wedge line....