Good Evening and I hope you are well. comment: A trading range after a strong move is more often than not the final flag. Yesterday we formed a late trading range and bulls had a strong move up today, which makes me believe that the sell into the close was the final flag, rather the start of another leg down. Market is at huge support with the bull trend line...
Good Evening and I hope you are well. comment: On such a strong bear day, there is no need for any analysis on lower time frames. The 15m 20ema held since Globex and selling anywhere could have made you a lot of money today. I updated my daily chart to show the most reasonable next targets. The old ath was 18223. So another 1000 drop for a retest of that. Just...
Yesterday's price action suggests that Bears are still in control and plenty of supply left. Level to watch: 5547 --- 5545 News to Watch: US PMI Composite Flash 945 AM EST US New Home Sales 1000 AM EST US EIA Petroleum Status Report 1030 AM EST
Good Evening and I hope you are well. comment: Not too much to add after the dax analysis. 50% pb for sp500 is 5632, so market has some room higher. Daily 20ema is around 5600 and I do think the odds of the market turning down again to test the lows or make lower lows, is higher than going above 5630. current market cycle: Trading range until 5500 is clearly...
Could this be the level that we retrace back up to $20,600-$20,700 levels, before we head lower? This could be an interesting week ahead with the latest election news drop coming out of USA. CME_MINI:NQ1!
Hi guys, In this chart i Found a Demand Zone in NQ CHART for TRADING entry, Observed these Levels based on price action and Demand & Supply. *Don't Take any trades based on this Picture. ... because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank you
Yesterday S&P closed at Low of the day and day prior closed at High of the day. Interesting to see what market does today, perhaps a test of yesterday's Close could provide direction for the day. Level to watch: 5658 --- 5656
Good Evening and I hope you are well. comment : No deeper analysis needed today. Could have sold anywhere and made money. Tomorrow will be key for next week. Best case for the bears is a weekly close below 19700 but anything below 20000 would suffice. current market cycle: climactic bull trend with overshoots is done. Market will probably range some before we...
Good Evening and I hope you are well. comment: Market closed near the open, so neutral. Bulls printed another ath but got another big rejection for 50 points. Bears need lower lows and follow through selling or we continue inside the broad bull channel. Friday’s and Today’s daily bar look bad enough for the bulls so I think bears are favored slightly to get to...
Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: Don’t know what to tell you here. Market can obviously go much higher for longer and we can print a couple of higher highs. But I will never join the “this time it’s different” crowd. The only sure thing before bubbles popping is that markets print more and more ridiculous...
Yesterday S&P 500 hit another ATH and has been rallying for last several days. Any test of yesterday's Close could provide direction for the day. Level to watch: 5680 ---5678 US:EIA Natural Gas Report 10:30AM ET
Good Evening and I hope you are well. tl;dr sp500: 3 Best looking bull bars very late in the trend, breaking above two strong resistance lines. 75% that this is a bull trap and we break down Mo/Tu below 5580 and be on our way to test the daily 20ema and the lower bull wedge/channel line. Will short this on weakness on Monday. Next 500-1000 points are made to...
Good Evening and I hope you are well. overall market comment Indexes - SP500 and Nasdaq outdid themselves today again. You still can’t convince me this is another breakout above. SP500 is still marginally higher and it’s a trading range at the highs. Nasdaq broke above the bull wedge and channel and I absolutely expect it to fail over the next 1-5 days and...
Good Evening and I hope you are well. nasdaq e-mini futures comment: What a bull day… Just straight up buying all the way up. Market did not touch the 15m ema once since 30mins before us open. Happy for everyone who were long since below 19970 and held. Still a lower high but given the strength of today, some follow through is expected. current market cycle: ...
Yesterday, S&P had a moderate gain. But during ETH session traders are testing yesterday's Low. Level to watch : 5512 ---5514 News to watch: 9:30 AM US: Jerome Powell Speaks 10:00 AM US:JOLTS
Good Evening and I hope you are well. overall market comment Indexes - Quick one today because markets did the obvious thing and we learned nothing from this trading session. Commodities - Gold is not worthy to be written about today. Oil was bullish as expected to 83.40 and 84/84 were my targets for many weeks now. Bulls can do some more here but it should...
Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls will probably retest the highs or even make a higher high soon. First pullbacks / low 1, is a buy signal in a bull trend. After that retest, I - again, have nothing for the bulls. We are at the peak of this bubble imo and that’s where you get cautious and not...
So far this week, three days in a row S&P has been making slow gains. However, intraday trading has been range bound. Any test of yesterday's Close could provide direction for the day. Level to watch : 5554 --- 5556 News to watch: 945am: US Chicago PMI 10am : US Consumer Sentiment