Based on price action, I am looking for a pullback 1st, support, before further up. I see my blue zone to be tested today. And if it bounce, higher targets are 1.1876, 1.1900 (this should cap high of day). 1.193 will be a higher target just for reference. If 1.1846 breaks, we are looking at 1.1832-36, 1.1822 and 1.18024 should cap low of day, providing low risk...
In my other plan for #SPX and in my tweet, I said that as long as #NDX 12080 holds, downside risk for #SPX #RUT #DJIA still exist. Yesterday I made many shorts off 12060-80. Will be same plan for today. To be clear, it is 3 indices bullish (#SPX #RUT #DJIA) vs 1 index (#NDX) which is not. I would say that each of my green levels are more of supports with...
It is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters? My...
Price gapped up slightly and rallied with US to my first R level but now down almost 60 pts. Bias to upside above 13058. Based on price action now, I see a possible re-test on that level before a decision is made. Higher resistance are 13279.8, 13412. If 13058 is re-tested and break, be cautiously bearish, look for shorts to 13013.2, 12990.4, 12922, 12854. In...
I started on my plan around 3 hours ago when price was near my 1900 resistance but now it had come back down to my bias zone. I wanted to say that gold looks over-extended but in the lack of any bearish setup, we look to be going higher. But now it is back to neutral and I am leaning bearish. Wait to see reaction.Go long only on bullish setup, targeting...
Gap up (very small) and rallied to 12060 level which I talked about in my tweet yesterday together with #SPX at 3614. Price is consolidating, definitely favoring a continuation but it is my important level to watch for today thus I have been taking shorts instead. As you can see 12060 is capping the move now. Maybe we will only see a move when Europe opens (that...
Gap up (very small) and rallied to 12060 level which I talked about in my tweet yesterday together with #SPX at 3614. Price is consolidating, definitely favoring a continuation but it is my important level to watch for today thus I have been taking shorts instead. As you can see 12060 is capping the move now. Maybe we will only see a move when Europe opens (that...
I was wrong with my bias on Friday but no damage done. Above my blue zone go long (multiple re-test of my blue zone) would give good profits. Today price opened and rallied. A strong one I would say, above my initial R to the next R. Above R are 3640.2 and ATH 3670.6-73.6 Now price stuck at 3614. I had tweeted this to be a strong R together with #NDX 12060....
As warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4. Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level. Above, 3552.4, we...
Yesterday we had a rally brought up by #NDX. #RTY was quite flat. Where's the money? Any MORE left? Blue zone at 3576.2-3580. Cautiously bearish below. Upside targets are 3596 and 3612 and 3641.2 will offer a low risk sell level. Price is now already below my 1st support at 3566.6 (I tweeted on a return to 3552 and took a short at 3576). Lower support at 3550.4,...
We had a strong up day yesterday, after #NDX found support. I was wrong with my direction but my plan painted the correct picture. Price found support above 11714-30 (my blue zone) and rallied from there, and 11920 capped high of day as my plan shows. 11922 will remain a strong R for today. Usually on an up day, my bias zone will be lower for a buy, but today it...
#NDX continues to be weak. Consolidation yesterday. Downside risk still exist. Price is now at my orange zone where we can sell from here, but I also factor in a possible deeper pullback to 11672-84 or even 11714-28. These levels aren't far away. You can actually scale in along the way up, if that's your trading style, or watch for reactions off the...
Yesterday's doji daily close point to possible upside. But imo, downside risk not over yet. Now price above my blue zone. Resistance at 1.18448, 1.1876. 1.19080 will offer low risk sell level. Below 1.1810, look for 1.1802 to break for 1.17878-90 to trade. 1.17688 and 1.1750 are the lower supports with 1.1722 capping the lows.
We have a Doji daily close yesterday. In terms of price action, difficult to predict. Either way is possible #NDX weakness will continue to weigh on #SPX though #RTY is strong (staying new highs). Price now in my blue zone 3544-54. Above we have 3573.2-76 and 3600 as resistance. 3614, if we reach there should offer low risk sell level. If 3544 breaks, look for...
My bias was bearish yesterday. Perfectly hit my resistance and went down 100 dollars to hit my support. Now bouncing up. Watch 1890.48-91.84-96 for possible pullback to this zone for further down. With such a huge swing yesterday, today's action should be more muted. Looking at more sideways to down, but not too much off a sell If it moves upon 1896, it might...
Interesting how #DJIA, #RTY, #SPX made ATH yesterday, only for #NDX to crash instead. Price action and other signs points to more down ahead. But 11680 or so need to breech. Take it one step at a time. Inability of #NDX to cross 11920 points to more down ahead, targeting 11714-30, 11632-46, 11532, 11438. 11330 will cap low of day. Just providing even lower...
Eurusd came down as I predicted, based on price action. Price hit a strong support and now up. Short term bias is up, but with yesterday's strong down candle, this is likely a pullback. Price approaching 1.18432-52.Good R:R to go short. If it breeches this zone, be cautiously bullish, targeting 1.1890 and 1.19160. Unlikely price will hit 1.1962. It will present...
Yesterday was a volatile day. Made ATH and more but on low volume and it back came down. But RTY didn't came down as much thus this is something to take note of if you think a crash is coming. But bias to the downside below 3584. 3572-84 is the zone to watch, for a pullback and good short. Below targets are 3510,3492.6, 3470-80, 3466, 3452, 3426-35.6. If 3584...