After two strong down days in a row, I think the market is poised to take a breather. I am looking at the areas between 2915 and 2880 as the areas that the market will pinball in between.
Coffe Futures will do sideways for 1-2 days, and then Bullish again
Was wrong about the bounce on Friday... Well not completely wrong, but I didn't capitalize on the uptrend early in the day. Capped off a poor trading week for me as I was trying to will the market higher. New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from...
Hey Traders, Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices. The market has rolled over from there. Looking for a flush out of the weak buyers before getting long again!
Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value. 2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.
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Market gapped up on G20 news and we finally got to (and past) the 2950 area we were talking about from last week. This is why patience is important because the market doesn't care about your timeframe, but it was easy to get out of the long last week and if you did, you would have missed the move higher. That said, I only caught a portion of it because I was not...
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.
Long and strong, but difficult here because of the big move overnight has stretched the market nearly the entire average range of the market.
My conservative view on GOLD. Looking for the low-risk entry for a swing trade.
My view on Gold! Very good counter-trend trading setup.
My top down analysis of S&P500. More analysis in my telegram channel. Text me for more info.
my trading plan and outlook for gold. stops and targets mentioned :)
* If you like this free video and the idea itself, please remember to support me with a like or share, so I can produce more frequent contents such as this one. Thank you! * Related ideas show how I was able to call the BIG drops in 2018. Analysis Summary: Scenario 1: Leading Diagonal in Minor ABC (blue), part of a larger degree Ending Diagonal in the...