USDCAD H4 - Looking like support is threatening a breakout. Ideally want to see a pullback to 1.35 after breaking support to see if we can jump in with shorts. Just need to be mindful of fib pullbacks for when we look to set a new LH, because this could end up in the 1.35500 region based on the sequence so far.
Right now you could say the S&P is at a make-it-or-break-it level. There a multiple confluence which make my bias short (for the shorter term), factors including the double top, the third touch of the ascending channel top, and the lack of momentum to the upside (as of yet).
GBPAUD H4 - Still a little short from resistance, but looking for very similar play here to USDCAD, really nice RR, nice clean support zone, lets see if we can get some candlestick confirmation from support and trade back upside again.
USDCAD H4 - Super strong bounce from that 1.35 handle, played out really well, incredible RR, one of those zones we said to definitely wait for. As we approach 1.36100, we want to look for possible resistance and short setups.
USDWTI H4 - Plenty of time left on the H4, still an hour to go, but a break would be nice, we have been ranging far too long on WTI and some other pairs. Sideways markets are horrible. A break of $41.00, retest and then break of $41.50 should clear some space. Wishful thinking though, given the fact we have been moving sideways for over 5 weeks
On the lower time frames we have broken an ascending channel and price also rejected and formed a double top. Price has huge potential to the downside: the beginning of the lower time frame channel, the longer wider ascending channel support, and the beginning of the whole structure.
NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500)
Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which...
We look to Sell a break of 8395
Last December investors were not treated to any sort of Santa rally. In fact the first trading day of the month last December was the start of a major sell off. Will history repeat itself? Is the Santa rally dead?
The medium term bias remains bullish.
Price action continues to trade around the all-time highs.
Strong earnings, PPA's signed with a further commitment of 1.5/GW. 2019 net profit was over USD 2 Billion with net earnings attritbutable to equity share holders was over USD 1.1 billion. A combined portfolio of over 3.5 GW; therefore earnings will be accelerated.
Good traders stalk 90% of the time and trade only 10% of time. Quote me. :) :)
In this screencast I run through several superhot equities on the monthly time frame.
The higher time frames are often the cause of surprises for people' on 15min - 1H time frames.
Then the end of the screencast I look at the VIX on the 2 hour time frame for signs of...
It wouldn't surprise me to see the market struggle to move much higher from here, even if we do breach the all-time highs, until we get around to the next earnings seasons. @StateStreet $DJIA $SPX $NDX $VIX
• BMN trading near all time highs
• Both Wave 3 and Wave iii are in motion
• Momentum studies positive
Currently trading near all time highs, Bushveld Minerals (BMN) still has room to continue higher. A rally begun with a gap after a year long consolidation period. With a high at 24.50 reached in...
The anticipated pullback is unfolding, with the UK FTSE100 Index falling sharply to the 7093.57 low of February.
A short-term bounce is possible, as oversold daily studies unwind. Weakening momentum studies and the bearish Tension Indicator (not shown) should limit scope.
In the coming weeks, further downside tests are looked for, as investors adopt a cautious...