SviCapital

In my previous post I shared the idea to watch the channel resolution. Today, the channel got broken during the morning day session. That led to a liquidation move to the next support. The market ended the session at the inflection point again. One can see how the price travels from one level to another. The chart shows clean break of the channel and the levels...

A doji day on the market. Both short and long opportunities were available. I personally took advantage of the short only. An objective setup was offered by the market. The long was too aggressive with overbought condition flashing on multiple timeframes. The price is channeling up. Watch the edges of the channel. There is no doubt the buyers are getting too...

This is an update to the previous post. The projected for the bounce target is tagged. The price started to form a channel. This may lead to a slow channeling up to the recent highs. A break of the channel to downside would be a sign of weakness and may lead to a retest of the support and potentially lower. 9/19/2019

From resistance to support and back. The story of the pre/post FOMC action. The market structure remains intact. Both short and long opportunities today. The pre-FOMC action was quite slow and required enough patience to sit through. In fact, the recent day ranges start to shrink suggesting lack of participation. Eventually an important support was tested and...

A slow choppy day with a bullish skew. The buyers held the position from the overnight session. The sellers were active at the resistance but one could notice no follow up to downside. They had many chances to go low but it did not happen. Eventually, the buyers broke to upside into the closing. This is a Pre-FOMC session and its outcome is not indicative per se....

Trend line break led to a liquidation move to the support. Responsive buyers had defended the 7800 level and pushed right back to resistance. We may see a retest of the trend line but as long as the price below it the sell side remains in control. All the main moves happened before the day session making it a low opportunity day. There is plenty of reward to go...

Lack of innovations articles and the recent downgrade of the stock definitely invited bears to take a crack at the beloved stock. There is no doubt that the negative sentiment is present. But let's look at the price action objectively. - A notable trend line is broken and Its retest confirmed that. Bears are in control short term. - A price hit a first support...

The market is testing a well defined trend line which is also a confluence with the horizontal support. This is an inflection point to watch. A decisive break would lead to a liquidation move to a previous support where buyers may be active on first test. The FOMC meeting is on Wednesday. We may see some drift back and forth while the participants wait for the...

Driven by headlines the Algos continue to push price higher. This usually happens during the Globex hours where the liquidity is low. However, the day session traders can find plenty of opportunities. One only need to listen to the price action. Regardless of the short term bias the market structure provides objective levels to watch and execute trades. I haven't...

A consolidation session, which is in alignment with a typical market action after a strong move. You can see from the chart that the trend line is broken, however, the price is kept above the support. The market is ready for the next move up or down. It may happen on Sunday night or during Monday's day session. All the signs for the balance to breakout. My...

The market remains in a trending mode after breaking the resistance level. The chart says it all. A notable trend line is intact until it is taken out. That would be a sign of entering a consolidation phase and potentially a short term reversal. I think that a retest of the all time high is on the horizon and before that happens the price will be trending up. ...

The chart says it all. The support and resistance area continue to function as expected. Whatever a headline happened in the Globex session it helped the support to remain intact and the buyers were grinding up back to the resistance. The market closed at the resistance. This is an inflection point. Buyers need a momentum to break through. Could be a headline to...

The sellers continue to retest the support and today had all the chances to break it. However, it did not happen during the day session. There is also a positive divergence that decreased the odds for them to succeed. This is a first day of the week and month and things can be different going forward. But for now watch the support and the balance outlined as a...

Despite a gap down opening the price had tested a support and bounced back into Friday’s range. One doesn’t need to predict or correlate political games for future prices. Technical artifacts like support/resistance, trend lines are more than enough to find profitable entries. Trading is a game of odds. If you trade for a living you need to focus on execution at...

The Globex buyers managed to break the resistance but couldn’t sustain the high prices which attracted the sellers before the day session. That started to unfold as a false breakout pattern and led to a liquidation move back to previous low. Considering a long weekend ahead it was inline with the risk off idea. The month ended at the monthly point of control. If...

The break of the balance led to a trending up move right to the next resistance level. Unfortunately, the heavy lifting had happened in the overnight session. The day session opened when the price was at the resistance. Later, the price came down to 38.2% retracement and offered an objective long for the buyers. The price remains hanging around the resistance...

A balanced session today. In the morning the sellers attempted to break the balance outlined as a rectangle on the chart but failed. I don't read any news feed, could've been a news. But a swift rejection was telling to reverse from short to long and ride it. 8 out of 10 times when the balance break fails the price travels to the opposite edge of that balance....

A bullish start of the day with all the signs for upside continuation. Negative divergence and lack of momentum were the only warnings for the long positions. The small balance on top of the broken resistance and its breakdown provided the hint that the buy side failed for now and offered a short opportunity. The responsive buyers showed up at a minor support and...