The VIX popped and dropped last week making the selling again a very short term event. The S&P ES1! is right back on trend after holding the 55EMA on the daily. Gold GC1! is in balance and crude CL1! continues to look like it wants lower prints. Economic Calendar Week Starting Sun, Aug 22 Monday, August 23 EU Manufacturing & Services PMI 2:15 AM CST US...
Nothing to see here except for an $80 drop in Gold Futures to start the week! So is the yellow metal flashing red for the markets? For now, the selling in GC1! stopped at the double bottoms from back in March/April, and as of the time of this posting GC is now down only about 1%. V-bottoms, V-bottoms, talk about head fakes, this market's got 'em!
Tomorrow morning we get the July jobs report at 8:30a ET. Here are some ideas on how to trade pre-market economic data releases. Hint - you're gonna need to trade futures.
Taking a page from Lumber futures back in May, coffee is the latest commodity to party like it's tech circa '99. I don't trade the "softs," but I did find a coffee ETN symbol: JO and may look to fade the caffeine rush when the extreme sell condition cools off. Hot coffee! DOn't get burned. :)
My view is DOWN for today so, I short NIFTY FUTURE @15850 and STOP WILL BE @15915
Hey, Before I drew 5 waves impulse down. But I looks like it was just ABC correction. In video, I am trying explain. BINANCE:BTCUSDTPERP
Hello traders! First of all a huge THANK YOU for following me and posting comments! I look forward to more questions/comments. Short-term EUR/USD rising from earlier today seems to have stalled just above 1.17, leading to asking the following question: why? In this video, I look at: - spot fx, medium-long term analysis; - futures fx, volume analysis; - past...
COFFEE has reached a confluence of strong support lines, so I am looking for a long opportunity. Now, we can see that there has been a breakout of the downwards channel resistance upwards This breakout was also a breakout of the neckline of the reverse head and shoulders pattern. Now, we are waiting for the 4h candle to close ABOVE the neckline and we are going...
Yesterday S&P 500 futures (ES) had another up day with relatively low volume. Currently it is testing the gap resistance between 3310–3340. The character of the current movement is similar to what happened in Nov 2019, where S&P 500 inched up gradually with low supply level and low volatility until Jan 2020. Will that happen again? Check out the video for a...
Gold video analysis. XauUsd Precious Metals Futures Market
Support is $319 Resistance is $323. one of these levels will break this week. $319 is also the neckline for the H&S. if $319 breaks then first PT will be $316 (intraday) If $323 breaks then first PT on that will be $325. Trade smart.
A nice trade overnight based on the footprints the market had built. I'm looking for yesterdays weak high to be taken out and then see if the sellers can push back at that point. If not we are probably looking at all time highs again, but I would be cautious as we have not really done anything other than go back to the high of the value from September 4- End...
Got some relief and found buyers before we could hold below 2920. Next stop, IMO, is 2950. Weak high overnight shows that we are most likely to continue higher.
Some great clarity from only looking at one chart. Some key areas above at 50 and below at 20. Stay out of the noise.
Status quo for this market, continue to move higher and then balance. This is telling us that we are unlikely finished moving higher just yet. I would'nt expect to see a reversal on this low volume from the overnight session.
Markets continue to trend up and we had a nice orderly auction yesterday, falling into a previous balance before bouncing. I would highly advise against going short here, today is options expiration and while it may work to be short, it's a low probability play.