11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
11/26/23 US30 Weekly Outlook #US30 #WeeklyOutlook Last week did as expected by continuing to take out highs. We were busy Sunday to Wednesday and stalled out on early market closure because of the holiday. Next week should be busy with a lot of news and we may also get some early reports on Black Friday and Cyber Monday sales. We have news to watch out for...
Last weeks high: $38023.9 Last weeks low: $36284.2 Midpoint: $34544.4 Bitcoin starts the week at almost exactly where it started the previous week, just hovering above the 37k it means BTC had a net neutral price action over the last 7 days. However, midweek saw a 10% range create the highs and the lows before contesting the midpoint. After a strong rally for...
#DXY #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#SPX #WeeklyOutlook: Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#NAS #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#US30 #WeeklyOutlook Next week is Thanksgiving holiday so, historically that week can be a hit or miss and especially given the fact that we don't have a lot of news this week so I would tread lightly. We don't have any red folder news until Wednesday and that is going to be an early release of #UnemploymentClaims , #DurableGoods, and #ConsumerSentiment. On...
#NAS #DailyReview #WeeklyOutlook Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly High after trading into the D+VIB and near the Weekly low. We also traded through the D-OB and if it is going to continue to the upside may use this as a new POI. Dollar moved up the entire week pretty slowly but the Bonds pulled...
#SPX #DailyReview #WeeklyOutlook: Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment...
#US30 #DailyReview #WeeklyOutlook Took out the PWH and traded into a W-FVG up to the mid point at 34300.6. The 1H/4H+FVG is sitting right at the W-FVG(L) at 34098.9 and if we move up this is likely where I may look for a move up. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will...
Last weeks high: $38156.9 Last weeks low: $36342.2 Midpoint: $34527.4 Bitcoin continues it's strong march towards 40k with another week of positive price action. Last week we had a bit of a flush out, mainly to liquidate some late longs and hit a few stop losses which is necessary to reset margin traders and is healthy for the market. For now I think the...
Last weeks high: $36088.7 Last weeks low: $35064.8 Midpoint: $34040.8 Last week price consolidated after it's considerable rally the week before, we have a mini range between 34k as support and 36k as resistance. As price has stagnated profits have trickled down the crypto ladder towards strong altcoins such as SOLANA, and more recently lower cap plays which is...
Last weeks high: $36748.0 Last weeks low: $33314.9 Midpoint: $29881.7 Bitcoins crazy rally continues after smashing through the 32k resistance that has limited BTC's progress all year. After 18 months and multiple HTF attempts to reclaim the level the bulls have managed it, and by doing so a FVG has been created. This FVG starts at 31850 and ends at 32500,...
Last weeks high: $30629.8 Last weeks low: $28832.6 Midpoint: $27035.3 Bitcoin finished the week with a massive 11.1% increase and a weekly high of 13.28% greater than weekly open. The way in which BTC had that huge initial gain at the beginning of the week was due to Cointelegraph issuing a false report that the Blackrock ETF had been approved when in in fact...
Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low. Traded into a +POI (W+FVG), wicked near MT at 4236.6 Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A...
Last weeks high: $28351.8 Last weeks low: $27165.3 Midpoint: $25978.9 As September and with that Q3 comes to a close BTC saw a late price rally of 4.4% in a single hourly candle to finish the month strong. Going into Q4 I still expect a sell off and revisit of the yearly open. With credit card debt at levels comparable to that of the 2008 financial crisis, as...
Weekly Chart: DXY and GU both have reach POI, on DXY a W-OB and on GU a W+FVG. In this scenario, I'd be looking for DXY to see how we respond to the PWH if we fail to take it out and trade back into last week's range, I'll look to the downside potentially. If we trade through it, the +LP at 107.993 will be the next draw. GU will have to deal with the W+FVG and...
Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8. Weekly idea: Price took out lows into the W+OB but...