Thinking of a possible trend shift. Added my thoughts to this video mostly to show myself what I missed today CME_MINI:NQ1!
Today's focus: UK100 Pattern – LH decline Support – 7375 - 7250 Resistance – 7466 - 7710 Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart. Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video...
Today's focus: ASX200 Pattern – Support/ Regular Divergence Support – 6885 Resistance – 7000 - 7070 Thanks for checking out today’s update. Today, we have run over ASX200, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. Interest today starts from the support hold we are watching from...
Today's focus: US2000 Pattern – Descending Triangle Pattern Support – 1840 Resistance – 1870 Thanks for checking out today’s update. Today, we have run over US2000, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The Russel isn’t a market I normally watch or trade, but the descending...
Price action is key for understanding the major market bias and also for managing risk. On top of that, understanding Price Action will give a better understanding of where other traders may be trapped and will help structure your trades. In the video, I talk through the DOW Index and price action from the previous session. I look at where we were looking for...
Today's focus: NDX100 Nasdaq Pattern – Higher lower support point (LH Inc) Support – 15,320 - 14,690 Resistance – 15,520 – 15,822 Thanks for checking out today's update. Today, we have run over the NDX100 on the daily chart. We have started with the overall picture and worked our way into the current short-term perspective with things we are watching and levels...
We take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- SP500, Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the...
US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an...
US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of...
US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me,...
A look at the price action for the Australian ASX200 Index. The recent price action has been very choppy and directionless leaving both bulls and bears scratching their heads. I expect that this uncertain theme will continue in the short term with the mid to longer term action largely range bound. In the short term, I expect to see a swing lower and if recent...
With US CPI pointing to inflation easing, bulls are pushing major Indexes higher with the love affair with Tech and the Nasdaq being the standout. In the video I look at the major Indexes across the US, Europe and Asia on the daily timeframes and discuss the key levels and price action I see playing out. ** If you like the content then take a look at my WEBSITE...
US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver...
Today's focus: Nasdaq /NDX100 Pattern – Ascending Triangle Possible targets – 15,600, 16,500 Support – 15,000 Resistance – 15,220, 15,250 Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a...
US markets had a good start to the new week ending with some gains ahead of the all important CPI later in the week. All eyes will be on the data release for a gauge on inflation and what that will mean to further rate rises in the US. US bond yields moved lower while the USD also pushed down into support which is likely traders squaring up positions ahead of CPI....
US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising...
European and US Indexes bounced into the weekend setting up for a strong open for the Asian session. Some debt ceiling optimism and stronger than expected economic data helped bulls squeeze out recent sellers for the drive higher. The data showed strength in inflation and the US consumer which points to a resilient economy...but it also points to sticky inflation...
A continued debt ceiling standoff pressured share market Indexes lower overnight as more traders were happy to lock in some gains. Indexes pushed down into support levels as traders went risk off. The UK inflationary numbers came out higher than expected pointing to more interest rate rises from the BOE. The US open was weak and bulls found no love from the FOMC...