The price broke through a descending resistance a couple of candles ago but is yet to confirm the upwrd move. If it breaches the fractal on the 12h00 candle from the 6th of August I will consider long position.
The SP:SPX is continuing the down move - with first sign of support at 2700 odd. What makes it scarier is the double top formation. Hard too see what will stop this with all the trade wars going on... I am too late for this move - missed the trade. Will look out for pull backs - and see if there is another opportunity..
Sentiment: Short Market Structure: Confirmed Double Top Daily Resistance Level: 2950 Daily Support Level: 2800 Other Key Levels: 2700 - 2350 - 2125 November 9th, 2016 - a date we may hear a lot of in the next few months. The S&P 500 hasn’t closed below this day ($2,137) since Trump took office. The market rallied over 45% over the last two years, but this...
Zones demonstrate liquidity. Money needs to respond off of these levels in order to fulfill orders. Follow the money. Trade smart. Trade like the banks. Review 5/12 IMLTV session for further mentorship.
S&P500 is extended on the week. Today we also have Non-Farm Payrolls. Expect position-squaring ahead of the data.
It's very simple to trade in markets where you can join to a stable trend and follow it. Such type of trading allows you to make mistakes and enter the market not at the best levels but still, make the profit. I would like to show you, probably the best trend movement. It's not Bitcoin with its amazing run to the Moon in 2017. I want to show you NASDAQ market...
Since anticipating a bottom on Dec. 25, we have seen a significant and vicious bear market rally - enough to scare many bears and draw some bulls back in. I'm seeing some setups now that this rally is near the end, so I'm selling longs and will be opening shorts into any further rallies this week. Here we have the Russel2000 where a significant breakout midpoint...
The big Sunday night gap saw the Russel blow past my target and actually top out at the 127% extension of 1560 rather than the previously posted (linked) 1540 level. Stock indeces are currently filling much of this major gap, in fact the Russel has already filled it while the S&P500 and DOW and especially the NASDAQ have seen more strength keeping their gaps...
Looking for Russel 2000 to rally into 1540+ zone before any interest in shorts. Midpoint highlighted at the 1501 level. 50% fib goes here.
US30 a break above 25481 and 25590, would help expose 26116 and should price continue south 24588 would be exposed
Implications and Outlook The Nasdaq has elevated the focal point on Wall Street once again, as the technology benchmark continuously guide the selloff in technology securities. The Nasdaq index hit a 2-month low on Monday trading session, sinking below previous week’s low price. Even though the fear-index remains to be below the 20 level, which happens to be in...
Implications and Outlook 1. Second quarter Gross Domestic Product of 4.1% releasing has been the very best growth number in 4 years. That was not good enough to aid over-bought technology stocks as we observed the profit-taking go forward. The unexpected increasing amount of volatility already has frightened a number of people along with a couple of misses within...
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Strong trendine broken , 2 times Test , Continuation higher making NEW HIGHS , forming something line Inverted Head&Shoulder , wave analysis can be put into consideration here too , a lot of opportunities around Alcoa are anticipated. I'm flat , out of this market for now , Thinking and Observing Price Action , Do the same , Do Not trade , stay and observe , watch...
Probability for short . I want to see weekly close however. These days market is so indecisive. Most of the trades are stopped by Spikes , better to stay out. It's possible for USD/CAD to go down , up as well.