Of the three stock indexes;
- CME_MINI:ES1!
- CME_MINI:NQ1!
- CBOT_MINI:YM1!
CBOT_MINI:YM1! Looks to be the pair that's frontrunning the sellside narrative as it is the 1st of the three to reverse and reject all-time highs @ 38,992, closing the week as a bearish doji candle whilst CME_MINI:ES1! and CME_MINI:NQ1! close out bullish.
Is this a...
As CME_MINI:ES1! CME_MINI:NQ1! CBOT_MINI:YM1! tends to have tight correlation, it is logical to make the assumption that if my bias for CME_MINI:ES1! is short term bearish then it is only right to be short on CME_MINI:NQ1! also right?
Well, that's correct and we will have a look at CBOT_MINI:YM1! in my next post as an example of times where one goes...
We saw 6 high impact news released to the market yesterday and it gave me the volatility needed in order for deep liquidity pools to be tested, namely CME_MINI:ES1! daily bullish orderblock located @ 4976 since I was anticipating shorts yesterday to sellside levels.
Any day that has more than 3 high impact news releases, expect some form of volatility. If not,...
Thursday 28th Dec 2023 was the graceful day DXY formed the higher low of 2023 and ever since, we have been on a decent rally seeing a mind shattering 3900+ ticks from lows to recent long term highs @104.604.
Friday 2nd Feb 24 is when we witnessed a run on sell stops and the following Monday confirming the bullish fair value gap in which price respected 3 times...
With ATH's being broken, the sky's the limit for CME_MINI:ES1!
But with interest rates as high as they are, its only a matter of time before something gives! It's either we see the FED cut FRED:FEDFUNDS and stock index markets ABSOLUTELY ROCKET or.... interest rate spikes up one more time, inflicting MAX pain causing CME_MINI:ES1! CME_MINI:NQ1! ...
Bitcoin is into mega resistance right as the dollar has broken out.
Is BTC going to get snuffed at 50K into a weekly resistance pivot?
Is the halving to strong and going to push BTC to 100k?
Dissecting the technical, it appears Bitcoin could be vulnerable in the near term.
Oil continues to be resilient even in the face of a stronger dollar.
All commodities sold off today except for oil.
relative strength is being observed across energy stocks.
Oil was directly responsible for inflation up ticking this month.
If oil presses higher look for further increases on the inflation headline and core numbers.
Nat gas gapped down yet again.
This is commodity is basically falling off a cliff as if society no longer needs it.
We are reaching historical price levels that make this an absolute juicy long term investment.
A measured move to the downside was completed today.
Throughout the week, rates has been predominantly bearish until a break in market structure occurred on Wed 7th Feb 24, 9:00AM, sweeping 6th Feb 24 - 15:00PM sellside before swiftly repricing higher, targeting the prior highs @ 4.169% and rallying up to where we are today.
Studying price action throughout this week, it can be observed that a liquidity void has...
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The Aussie (AUD/USD) is falling towards a potential breakout level and could drop lower from here.
Sell entry is at 0.65118 which is a potential breakout level.
Stop loss is at 0.65580 which is a level that aligns with the 61.8% Fibonacci retracement level and sits above a pullback resistance.
Take profit is at 0.64634 which is a pullback support that aligns...
The Kiwi (NZD/USD) is experiencing a strong bearish momentum and could potentially drop lower.
Sell entry is at 0.60957.
Stop loss is at 0.61730 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.60382 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
High...
IN this video we can see that gbpusd made a big bearish leg to the downside confirming that sellers are now in control of the market and we could see a potential retest of the 1.126250 area
This is a technique I use to figure out where a stock that is falling hard may stop. In many cases, people fail to realize how much further a stock can actually fall, especially when it seems like it is already beaten up. JBLU and NIO are perfect examples, and Fibs can tell you exactly where to go long, or at lest, where to start watching for a safe long...
The range for Wednesday in the S&P 500 is expected to basically stay inside Tuesdays range. Without new fundamental information a large moved to the downside like what was witnessed on Tuesday is not expected.
