Very bearish weekly candle last week. #NDX is weak but at important support, which held on Friday.
3 possible scenarios:
1) Break of 12678, target 12427 and further 12097
2) As long as 12678 holds, look for longs, targeting 13335, which is a strong R. If we break this R, look for move to 13559-13607 zone.
#RUT continues to be strongest of the 3 US indices, but Friday was disappointing.
3 possible scenarios:
1) Break of 2163, target 2097 and further 2044
2) As long as 2163 holds, look for longs, targeting 2289, which is a strong R. If we break this R, look for ATH at 2375.
3) 2163 holds and we target 2289. Rejection...
US was closed yesterday, so was Asian session. Price opened and rallied and then ranged the whole time yesterday. We are at strong resistance and we are over-extended. Price hit my 3961.9 level and is coming down. On break of 3951, look for re-test of 3935 level. Since we went higher and get rejected for a move lower, might signal near term top. Break of 3951 can...
We broke support on last Thurs, hitting extremes and rebounded on Friday. Now we are at the broken neckline.
Above 1807.142, bias is up. Follow the flow. But watch 1822.076-23.687 for possible rejection. If clear, then path of least resistance is clearly to the upside - 1830.343, 1845.324 and 1862.261. And we should trade higher in the coming days
Buying continues with TSLA going to ATH, making Elon the richest man. At this rate, this wealth will be double that of Bezos very soon. And today is #NFP, so anything is possible but for now, difficult to call the top.
Bias is up above 3809-12.
Watch 3828.2 for a touch just before European open. If rejected, look for shorts to bias zone for possible bounce to...
1945 is a strong resistance especially given Nov red bar. Possible pullback to dump the weak hands, before possible continuation.
We might overshoot to 1953-57. Watch a strong fast up and rejection.
Targets: 1917, 1897, 1889
Price is over-extended. Possible plays are short on rally, long on bounce.
My bias zone: 13477-81.
Above R: 13701, 13799(strong R zone), 13976(good for swing short)
Below S: 13555, 13519,13493,13420,13373,13273,13227(strong S zone)
Have fun. We have a gap up and a strong sell down. This is bearish.
My bias zone is at 3718.5-27.25. Above R are 3740.5 and 3747.75. Strong R zone at 3747.75, expecting it to cap high of WEEK.
Price now at 3700, my 1st support level. Break this and we will see 3688.5 (strong S zone) and 3680.75. Below this are 3654-55.75 and 3635.25 should cap low of day.
$NDX hits ATH yesterday. Price on monthly is over-extended but without a daily short setup, can't be too bearish.
My bias zone is 12672-99.5. Still looking for a pullback before further up.
Above R are 12725.9, 12778.6. 12845.1 should cap high of December/2020.
If 12672 breaks, look for shorts to 12645, 12623, 12595 and...
Another strong up yesterday. But on a bigger picture, price is just consolidating.
My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.
Below 12468.1, lower levels are...
Made new highs yesterday and price is getting accepted at a higher price. Though I did tweet that yesterday's upmove is likely a fake, still looking for rejection off my zone to go short.
My bias zone at 12560-69 and we are above it. 12605 and 12646 are the resistance above and 12669 should cap high of day. Though above is 12698. I will possibly be looking for a...
Depsite the selling in US futures, #FTSE remain resilient. But as the heading says, price is overextended. A pullback before further up is healthy. I will be looking at 6495-6507 and 6583-93 these 2 zones today.
1) Price opens in RTH, rally to 6583-93 and fail, goes down to 6495-507. Watch for...
Trend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is...
Based on my system, trend (Daily/Weekly/Monthly): Up/Up/Up
Price is over-extended, similar to #SPX. Expect a pullback, before further up.
Bullish only above 12557, targeting 12586, 12635 and 12669 should cap high of day, if there is no news.
Below 12531, looking to short, target 12501, 12461-63 (strong support). If it breaks, looks for further downside to...
What's new? Nothing matters as long as liquidity is there
But price is over-extended (nothing new too) and market structure is weak.
Thus my blue bias zone is not low but high.
Bullish above 3706. Targeting 3720, 3729 and 3740.1 should cap high of day. 3761 is a super strong higher level R.
Below 3697 be cautiously bullish, targeting 3687-89. If zone breaks,...
We had a sell off but fail on Monday before a strong rally $70 higher. Ranging yesterday. Where are we going to today?
Today is #NFP and recently we have much of a sell on good news. Could today be that reversal day?
Based on my system, lots of support below, 1835.42-36.66 (my blue bias zone) and 1828.26-65. Bias towards the upside, targeting 1848.490, 50.43,...