I will be targeting $4137- $4150 from a weekly perspective. As any trader can see, price has broken above weekly resistance level that needs to be retested to gather daily momentum for a nice daily bullish impulse.
From a daily perspective, price has created a typical double top pattern which in most cases allows for the H4 to exhaust, I will be looking for...
Since the monthly and weekly point towards more gains on SPX, I will be looking for buying opportunities near $3900-3910 (Weekly Support),
As soon as the H4 creates an exhaustion pattern, I will place some buys from the 5-15 min timeframes around $3900-3910
We should expect a quick H4-H1 downside impulse between London and US open followed by a nice impulse to...
-Feds will likely go forward with a 50 bps in December, eyes are on Dec 13 CPI data release.
-US Inflation is down for November and I'm expecting it to continue falling during next month's CPI release. If that's the case, then I believe Feds will reduce by 25 bps.
-The US dollar, which has a major influence on stocks, appears to be forming a monthly correction...
Looking for buys over the next several hours here on gold, I'm expecting bullish momentum during US session.
Price is currently in a previously supply zone now turned demand and we should see bullish break of structure on the H1 very soon.
From a monthly perspective, Gold has recently tested a monthly demand and take profit zone near $1610. We as traders should expect a weekly break of structure in this area so that a monthly bullish candle forms as a result.
Looking at price action, we can see gold has made a monthly impulse to the downside for about 6 months. Price looks to be exhausted at...
Looking for sells over the next several weeks as Wall Street ended the quarter bearish. We should expect monthly continuation in the bearish direction allowing for the weekly to trend lower. At 31000 the weekly is exhausted and I expect a monthly retracement to the upside short term.
