The S&P Index (ES) is now at it's Daily Decision Point (DP) level. So will a high unfold at this level, or will we just see a small stall before a continuation to new Highs ?
Either way, the ES is now at a possible junction when it is worth keeping a closer than normal eye on this market.
Please note: this is not a trade recommendation,...
The Weekly SPY is exactly a Year on from last years high, please see the Chart. We are also at the MTPredictor maximum DP resistance zone, so I wonder whether this gives the market a reason for making a reversal from this level?
For me, the yearly anniversary (Week of Feb 18, last year), to last week (week of Feb 16), is a significant point in...
In this help tutorial, we take a look at the MTPTrend colour and show how you should not simply consider all MTPredictor trade setups that fall with the MTP Trend colour, which is Blue for up, Red for down and Grey for in the process of making a reversal. MTPredictor is not a 100% mechanical "Black-Box" system that is designed to be traded all of the time. This is...
The Nasdaq (on the Daily time frame) is still at DP resistance, so the big question is whether this resistance level will hold and the Nasdaq decline from here ?
Initial signs of weakness came with yesterday's big down day, so we will be watching the next few days closely to see if this initial sign of weakness continues into the next few days....
Saturday March 10th through Friday 16th
I see BitCoin fighting between the areas of
9720 and 8365
up and down between a 12% range
mixed emotions on both sides.
all feeling the highs , lows , and uncertainty of the future.
once it breaks above 9720 and holds, then it should confirm the uptrend and i would expect a minimum of 10-13%
Wednesday, Jan. 20th we saw the ES complete a wave 3 down into MTPredictor daily Decision Point support. Our MTPredictor volume indicator (VSA) closed red which indicated that professionals may be buying this level. This was confirmed at the close when we finished the day with blue buyers candle. When Wednesday’s high was taken out on Thursday, the rally into...
MTPredictor's software generated low risk high reward scenario on DAX. Long, stop and target are automatically calculated by software. STF trend indicator is blue, that is indicating trend is up.
This is the setup:
Long at 11071
Stop at 10863
Profit target at 12059
Profit around 8%
Risk Reward ratio 4.7 (that means i am risking 1 unit to get 4.7 units)
The monthly Chart of the EURUSD is in a very interesting position. The recent sharp decline has halted right at our MTPredictor DP support zone..... So the question now is whether this support will hold in the longer term.
The ES (S&P) is at MTPredictor DP Resistance now, we are just waiting for confirmation of a Reversal. So the the next few days could be very important as we see whether a Major high is confirmed at this DP Resistance zone.
Hi Everybody, The long setup on the 5min EURGBP was slightly clearer because the initial low came off a MTPredictror automatic DP buy setup on the 15min Chart, So I think this was an easier setup to spot because of the better "higher time frame" (15min) support.