DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
ADVANCED MICRO DEVICES, INC. - COMMON STOCK, BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, 12 RETECH CORPORATION, ISHARES MSCI EMERGING INDEX FUND, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Long term H/S bottom, with secondary trend line touch and go back as far as 2013 to see why this tight range is important. Has been support or resistance too many times to count. MM knows the inventory is there...again be careful with tunnel vision..zoom out if unsure.
Use range lows and secondary trend line as support...
Keep in mind ...
Left Shoulder, Head, right should...volume expanding on the right shoulder typically MM taking inventory before a monster move. Tough to be bearish gold long term...short term who knows
Sitting on major long term trend lines...has to hold or you have to fold longs/bulls retreat
We talked about the sub 11 Vix testing and indecision candles at range,channel, weekly lows.
Got follow through friday. Is this a start of something bigger? Op ex this week Aug 13-17. Should get interesting is seasonal August action kicks into gear. Sub 11 Vix not sustainable. Cheers
Keep an eye on silver down here. If we want a solid metals rally silver has to join the party
MARKET EDGES THAT ARE USUALLY LEARNED FROM MISTAKES/EXPERIENCE OR FROM OTHERS PASTS
5. From trial and error, studying the past you will learn there is nothing really new in the market. Everything is a series of repeating patterns, formations, and set ups. They all just differ with the times, so don't have tunnel vision into the present only.
Basic MM Premises of Trading that
1. The market is meant to take the most amount of money from most amount of people. Bulls/Bears make money but Pigs always get slaughtered in the end.
2. Control of the markets is an illusion, we are just trying to do what the markets are doing not control them.
3. Nothing is certain, market always adapting to the times to make ...
Earnings pop up on news that they bragged was the best ever for Q2, Watching action on the open is a gap above all time highs and being sold...watching the range top as trigger to short on retest or getting below the june highs in the 195/196 range as entry to short. The apple looks juicy...
Clear floor being set with volume on GLD, the test of lows brought in demand again and straight line move off bottom. Someone is buy the lows with vigor and using this range to cover shorts from spring highs and accumulate. Bears need to go on vacation or take profits before MM does. FOMC or JOBS numbers could set off the rocket. Cheers
Worth watching trend lines
Use channel highs, seeing distribution and anomalies..breaks the lower channel could flush.
Low risk short with references at highs..
Watching the distribution going on..look over channels and fail?
Watching IWM make lower highs and finally break
below the 50d with volume. A sign of distribution by
MM at highs? Red alert
The anomalies are showing up in the charts..big wide price spread down days. MM is using strength to distribute. Be wary of the action
Keep it simple..multi year low looking below clones and then?
Using this reference candle and bar as the low and floor..cheers
Notice 1215 and 1228 area are high volume areas..notice how they become swing points and retest ...why
MM loves to check and shake confidence of traders. However they will defend them if needed. Important spots...
Anomalies abound as dollar hits significant overhead resistance. Powell testimony ends up being the buy the rumor sell the news event. Keep it simple, look up and failing in face of what should be bullish info and testimony. Watch the reaction..UUP short from 25.10-25-15 nice set up