Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that.
Will consolidate everything we have said on #Bitcoin over last few days.
CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon.
Mid 60's is likely around the corner.
Don't see...
While many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.
We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out.
Again on the daily chart, we...
OANDA:XAUUSD The increase reached all target levels sent to readers for many weeks and established a new era peak. The uptrend did not change both fundamentally and technically after PPI inflation data was published.
After the European Central Bank announced its monetary policy on Thursday and the United States released relevant macroeconomic data, spot gold...
Good Evening and I hope you are well.
tl;dr
Indexes - Strong follow through by the bulls after another nasty bear trap. On lower time frames we got some sell spikes but mostly due to bulls taking profits and not strong bears shorting. Bullish price action can’t be denied and on the daily charts we are moving closer to the shallow bear trend lines from the ath...
Looking forward to place a limit order on NAS100.
Potential trade would be 3R plus, risking 0.5% of the equity.
Limit order will be placed according to the market condition at around ·3:30 -4:00 Pm (UTC +2, timezone)
Good Evening and I hope you are well.
tl;dr
Gold - There it is. Another break above, which was expected more than bears breaking below 2500. Bulls want 2600 and I expect more profit taking and more sideways movement at that level. No interest in selling it.
gold
comment: New ath, which I have been writing about for many weeks now on the premise that as long...
Real Volume Analysis of Gold in the Gold Future
=> Looking at the chart shows that the market is still very interested in the BULL position and especially the HIGH position at the peak.
Analyze Macroeconomic News with USD Chart
Yesterday we had CPI inflation data, important data to prepare for the September FOMC meeting next week.
What are the data...
OANDA:XAUUSD Spot trading recovered after falling in yesterday's trading session due to the impact of US data, but these impacts will not be too negative for gold's uptrend in terms of both fundamental and technical aspects. .
The US CPI report creates obstacles for the Fed's ability to cut interest rates by 50bps
• The U.S. Bureau of Labor Statistics reported...
Good Evening and I hope you are well.
tl;dr
Indexes - What a bear trap that was. Many decent double bottoms and then straight up melting. Many markets did not even touch the 3m 20ema on the move up. Bulls took full control again imo and I expect the highs to be retested, if not broken. SP500 the strongest of the ones I trade. Very very low chance of this being...
Good Evening and I hope you are well.
tl;dr
Indexes - What a bear trap that was. Many decent double bottoms and then straight up melting. Many markets did not even touch the 3m 20ema on the move up. Bulls took full control again imo and I expect the highs to be retested, if not broken. SP500 the strongest of the ones I trade. Very very low chance of this being...
The Dow Jones (YW) is approaching crucial levels ahead of the upcoming CPI data release. The chart highlights key red and green lines where price action could intensify, offering potential buy and sell opportunities. Traders should stay alert as volatility may spike following the data.
What’s your take on these levels? Share your thoughts, and follow for more...
OANDA:XAUUSD Break above $2,500 and stabilize above this key raw price, which is beneficial to the uptrend and has been the target level that has been of interest to readers over the past several weeks. This trading day, notable is the US CPI data today and the European Central Bank policy meeting tomorrow.
Today (Wednesday), the US Consumer Price Index (CPI)...
Here on the 1D , We have a previous imbalance. Aligned with the 0.71 fib level. Expecting to turn and see the end of this correction.
Entry @ : 2067.1
Stop @ : 1993.1
Take profit @ : 1819
Good Evening and I hope you are well.
tl;dr
Indexes - Dax puked hard but bulls are also making money there. Rest of my followed indexes were mixed. Bears still expect a bigger second leg down when you look at the daily charts. Add the bull trend lines to the current bear flags and wait for a break below. If we get it, I do think most bulls will cover. I am not...
OANDA:XAUUSD recovered and increased in the early part of the week, following both the fundamental and technical trends sent to readers in weekly publications and publications throughout the past time. This week the market is still waiting for the US inflation report to further evaluate the interest rate direction of the US Federal Reserve.
Investors will now...
ASX 200 SPI futures and bullish moves above 8000 haven’t mixed well in 2024, resulting in a raft of failed breaks, long topside wicks and topping patterns. It’s akin to a “death zone” for bulls, starving rallies of oxygen before eventually reversing.
I’m not outright bearish just because we’re back above the level, especially when momentum indicators are...
OANDA:XAUUSD fell on Friday (September 6), after closing in on a record hit earlier in the session after mixed US jobs data raised concerns about the scale of interest rate cuts in the decision. Federal Reserve decision later this month.
The U.S. Department of Labor reported that nonfarm payrolls increased by 142,000 in August, compared with estimates of...
Good Evening and I hope you are well.
tl;dr
Indexes - Green across the board. On the daily charts it’s mostly a small to normal bullish inside bar, so nothing to get excited about yet for the bulls. Tomorrow will be very important for the bears. If they fail to test the lows again or stop the pullback, many bears could give up and let the bulls test the highs...
