The same story continues, the bears continue selling the rallies, today it took all day to move the market higher a couple of hundred points, and it took less than 30 min for the bears to bring it down. I understand there was some bad news in Amazon or something like that, but who cares, we knew the bears had the edge, they were just waiting to trap the bulls and...
As i mentioned yesterday the bears had the edge and we saw that throughout today, moving forward there is a couple of levels that i like to start some longs if the market keeps moving lower, those levels are S1 and S2, the reason why i like them is that there is some fibonacci confluence around that area along with an AB-CD pattern. Now, that does not mean that we...
Great volatility in the markets, too bad for us there was no opportunities to get in the action, however, that means that we are doing our job, which is to follow our system. Moving forward there is some momentum to the upside, but we are currently in a short term downtrend, therefore the bears are selling the rallies, lets see if the bulls have what it takes to...
Slow day in the markets, there is some consolidation, hopefully, tomorrow volatility will pick up again, in the meantime, we have YH as a good place to start some shorts, especially if it aligns with the descending trendline, in the other hand S2 looks good to take some longs. Please keep in mind that these are not trading signals, use your own analysis before...
Friday was a good day for us, the market did exactly what we predicted, i hope you guys took advantage of that movement as well. Moving forward if the market the market keeps moving south, i like S2 (7000) as a perfect place to take some longs, there is some other key levels around that area like the 1.27 extension, the completion of an AB-CD pattern. Please...
As i mentioned yesterday the breakout of the ascending trendline will change things rapidly, and that is exactly what happened, the bears took charge and it didn't stop until the late part of the trading day. Tomorrow might be a sideways day, although i would like for the market to rally so we can sell at around R1, or maybe YH. Please keep in mind that these...
The market is struggling to make HH's in the 2H chart, regardless I would like to see a rally to the structure resistance around 7420 to start some shorts, my sweet spot would be R3, but we will have to see if the bulls have what it takes. In the other hand, i don't think i will be looking to start a long position, i think that a break of the short-term ascending...
If price breaks the ascending trendline we have a good chance to test 67 and probably 65.
Nice comeback, the bulls took over most of the day on Tuesday, but i think the bears are getting ready around the 7420 area, there is resistance from previous structure, and we have R1 in that area as well, if price reaches that level i will be looking to take a short. In the other hand, i like S1 as a place to start some longs. Please keep in mind that these...
If you are a daytrader, you are loving these intraday swings, the NQ looks like a roller coaster today, there was a lot of buying but also a lot of selling, 7160 was a level that bears defended really well, and we will keep an eye in the future, in the other hand swingtraders are having a hard time trying to identify the short term of the market. For tomorrow i...
Slow griding to the upside, i believe that the probabilities are to the downside. We have seen volatility increase in the last 2 weeks, for us, that means more trading opportunities, but also it means more risk, I had a couple of people asking me why i didn't take the signals from Thursday or Friday, and the reason is very simple, i only take trades if the risk is...
Just what we were expecting, kind of a choppy day, i didn't see a lot of buyers stepping in. Today we didn't have a lot of opportunities to take a trade, we waited for a specific setup but the risk more than what we could lose. Tomorrow we might look to get short at R2 or R3. Please keep in mind that these are not trading signals, use your own analysis before...
Now what?? well i think tomorrow is going to be a slow sideways day for trading unless the bears have some more steam and wanna send the market lower. as i mentioned yesterday this is a difficult environment to take longs, we saw the bear volume crushing the bulls, so be careful and follow your trading plan. Please keep in mind that these are not trading signals,...
I was expecting a little more volume to the upside, i looks like there is not enough buyers as of right now, neither the YM or ES had the strength to push the market higher, tomorrow we'll expect a little more volatility especially if the market sarts to move lower. If the market pushes higher we will be looking to take some shorts at YH or R2, i don't think i...
Monday was an interesting day, sellers were in control for most of the morning and part of the afternoon, after that buyers stepped in and had a strong close especially in the YM and ES, suggesting a short-term rally. Tomorrow R1 and R2 might be good places to start some shorts, we don't have any relevant news coming tomorrow, therefore we can expect a nice smooth...
I like how the pivots are aligning themselves with structure (support/resistance) Friday was a really good day for us, as we mentioned in our last post, we were looking to get long at S2, and the trade played out really well. So far we are up 8.8% for the month of October. Moving forward, on Monday we will be looking to short YH or maybe R2 if price pushes higher,...
What a day, we knew that 7630 was a key level and it worked beautifully today, we were able to take a short around 10 am. Moving forward tomorrow we are going to have a very interesting day if volatility continues , we have the pivots around structure levels and we will have to wait and see which way the market moves, i will be looking to take some longs around S2...
Price actions suggest that sellers are stepping in everytime bulls try to move higher, short term that is not a good sign, therefore we might see some continuation to the downside this week or maybe next week, i feel that if we break 7630 we can see price moving down to the ascending trendline. Please keep in mind that these are not trading signals, use your own...