Hey Guys, It's me on US30 as always. Quite a bearish week wasn't it? 800+ points down on Dow all as a result of the ''Omicron variant" causing fear among investors or is it? Personally I've been expecting this move for a few weeks now(before the Transformers variant). And guess what? There's a lot more repricing that needs to happen towards the downside but I...
Hey guys, welcome to this updated idea on US30. Although a very mixed end to the week, Dow Jones is significantly weaker than when we last traded around these price levels. There is a need for price to move to around 35050 level or even lower. There is a lot of possible unmitigated risk around that area (central banks holding short positions that provided the...
Hey guys, Just a very quick update on US30. We have earnings today & also economic news. Let's be cautious. Kind Regards
Hey Guys, By Stephen Culp NEW YORK (Reuters) -Wall Street stocks closed higher on Friday, with market-leading growth shares kick-starting indexes' climb as investors looked past disappointing U.S. economic data. Despite their advances, all three major U.S. stock indexes ended the session below last Friday's close, ending a five-week streak of weekly...
Hey guys, Just a little recap on what I looked at throughout the week. Hope you had a profitable week, enjoy your weekend. Regards
Hi Guys, US30 is experiencing bearish order flow, we are resting at a very important psychological level. Just below it rests an untested order block, so I will see how the market reacts to these areas on the lower timeframes and take trades off them. Trade with care, the engagements on my post has decreased and this affects the motivation to post regularly so...
Hey Guys, Just an update on US30 here, great to see it traded according to my previous analysis. Now we wait for more opportunities to present itself. Let me know in the comments, do you see 37000 reached or not. Thanks.
Good Day, Here I'm tracking order flow on US30 with a few clues as to where may head with this instrument in the near future. 4H CHART Thank You.
Good Day, Looks like October will end bullish but it is too early to tell, we should look at what price tells us and follow price because that is where the money goes. Don't forget to be up to speed with your fundamentals as well and be overly observant of the FOMC news. Kind Regards.
Hey guys, It's been a while, I was going through some personal issues and had no real focus in the market. Herewith is an update of my last analysis. I'm expecting a sell of in this market. It is earnings season so it is important to manage risk when deciding to short the market. Kind Regards
Fundamentals Overall the fundamentals that came in this past week were leaning towards a recovering economy in the US. The fundamentals were as follow: TRADE BALANCE • -73.30 Billion Negative Non-Manufacturing Employment • 53 Positive Continuing Jobless Claims 2.714k Positive Initial Jobless Claims • 326k Positive NFP • 194K Negative ...
Haven't been trading GOLD in a while, here we see a break in structure with an intent for price to go higher, but not so fast. We need to a retest of the order block before we consider going long. A lot of stop losses to be taken on the way down but we do not lose focus of the plan, wait for the confirmation on the lower timeframes before entering. Good luck, do...
Hey guys, I know I haven't posted anything in a while and that is mainly because my last analysis stood, there was nothing to share or update. Here goes another one, we are just waiting for a transfer in liquidity to see the market trade lower. Trade with care.
Hey guys, just an update from my side since we had our FOMC statement and press conference by FED chairman Jerome Powell. The FED hinted that they are positive that the US economy is growing stronger, "With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most adversely...
Hey Guys, Not mid-week but just a quick one that I would like to update you guys on. 4H TIMEFRAME We’ve seen a break in structure and the big boys left a footprint behind in the form of an order block. We saw price retrace back towards the fair value gap and reversed back down just before NYSE OPEN, not only was that the imbalance area it was also the optimal...
We are reaching the broken higher timeframe structure for retesting. Look for bearish pressure which may come in the New York session, there will be loads of volatility so ensure your risk management is on point. Good Luck & Happy Trading
Hi Guys, It's the start of new week and new opportunities presents itself you just have to take them. We have officially broken structure on the higher timeframes, we just need to see a clear retest of those broken structures to sell off. The chart is marked up for your use. Do me solid, like and comment on the ideas I post and hit that follow button for more ideas.
FUNDAMENTAL ANALYSIS It is worth mentioning that whatever the FED decides to do regarding the tapering of its QE, the outcome may be detrimental for stocks and as we know stocks makes up the indices (S&P, DOW and NASDAQ). Inflation, jobless claims, employment numbers everything leans toward a weaker economy, so the FED has a gun to their head anyway - print and...