Silver is at a pretty interesting decision point today.
We break the orange line AND do a nice retest and it looks like a nice setup for a push into at least the 24 area.
BUT if we get rejected and we break through the last candle, a new low could be incoming and that could be very far away...
Be neutral right now - watch and attack at the...
It is time to have a look at SPX.
Since the recent breakdown and weakness in SPX, I am expecting a last nice move up.
I reckon the last move will take us into the 4900 area. Afterwards, only god knows what will happen :)
So far we are holding the vertical support line and already broke out the vertical resistance and are staying above.
Honeywell is looking pretty nice at the moment. Could be a good entry point around 214-220.
As usual: check for a confirmation that this is actually our support. If you can see it, grab it :)
NATGAS was on a very strong run so far.
The long lasting channel and support (white lines) is still being held - hence we are not expecting a big bearish move on NATGAS yet.
But the short-medium term support has broken (orange line). On top: RSI and MACD show some bearish divergence. We are making new highs, but the RSI and MACD is not convinced (no new...
I reckon it is time to grow for silver.
As the DXY starts to show some weakness and the economical data looking not very bright (check my idea on EURUSD), it is also time to grow for silver.
Very similar setup to our EURUSD watch... just: silver has already broken the horizontal resistance.
Will the vertical be the next one to break?
As usual: wait for...
After making some $ on the last trade of EURUSD, I think we are ready for the next move.
Check the chart above: either we will make a move back down into the vertical resistance and bounce up or we will immediately break the vertical resistance.
Both moves are possible.
I am neglecting the downside move, since I do not anticipate this happening...
I wanted to share my BTCUSD chart with you.
We recently made a big move - above the vertical resistance that kept Bitcoin in bearish looking territory.
Now that we were able to break this resistance, Bitcoin looks very healthy again.
The next big hurdle is the horizontal resistance at approx. 48.000 USD. If that breaks, I am expecting a move...
Today I wanted to have a look at Tesla, after the share had a bigger setback of about 5% yesterday.
In my opinion, this gives a nice entry opportunity again, as the share still looks very healthy and we are approaching a major vertical support line.
If that line holds, I will put another long on Tesla - still waiting for the share price to...
Today we want to look at the Nasdaq index.
Fundamentally we are in a bit of uncertainty:
- Delta variant of Covid is spreading strongly
- Markets seem to be pushed a bit too high
- Fed is already talking about tapering, since the economical data releases are looking quite healthy for a while
Above can give the USD a push higher and could put...
This is the first idea I am sharing, so please be patient with me :) Some improvement ideas are always welcome.
For the couple last days, we have seen EURUSD under quite some pressure.
We are now getting into an interesting entry point. Whilst we are making lower lows (but not much lower), the RSI is rising: bullish divergence.
On top, we are on a strong...