SPDR S&P 500 FUTURES ESM2023 & SPY ETF - Market Update - 5/25/23 Today's Recap This week has been a mirror image of last week, with the ES building a smaller triangle and breaking down, triggering a nearly 100-point sell. Although this seems dramatic, similar dips have occurred in the past month and have been bought. The question now is whether this dip will...
Today's Recap The failed breakdown, my primary setup, and how it leads to profitable trades are all covered in this newsletter. Along with providing the day's workable trade plan, I also discuss how I've been managing my long since last week. Market cycles between Trend and Chop are common. Our 105-point rally last week was an extreme Trend, and it was followed...
Charting 101, Trailing Stops, Bond Yields, and the Debt Ceiling Introduction In this newsletter, we'll recap the recent market action, discuss the power of holding runners, talk about strategies for trailing stops, and provide an update on bond yields and the debt ceiling. We'll also provide an actionable plan for the upcoming trading day. Market Recap Last...
SPDR S&P 500 FUTURES CME_MINI:ESM2023 & AMEX:SPY ETF - Evening Market Update - 10/18/23 Today's Recap We saw a remarkable movement in ES over the past week. It was technical analysis at its finest: a 10-day tight range was followed by a breakout, just as the underlying trend suggested. As per historical trends, these range breakouts can lead to sustained...
As we can see on the 4h chart a down spike that overshot the upper bollinger band has been followed by a deep correction which failed to reach the upper bollinger band. A second sell off is expected to test the low of the spike and/or the lower bollinger band. A conservative and safe target could be the level of structure along the way which has been shown by...
After days of buying, we are seeing a small pause at this point in the day. The AUDJPY has started to see some red after a 5-day rally. Price is stalling at a previous level of resistance, seen at 89.90. We still see price on an uptrend with a break of the last downtrend. But buyers need to clear this resistance point to get the trend back on track. The MA...
Hey Traders so today wanted to give quick update on these charts. US Dollar still showing signs of strength and Crude Oil is now back in downtrend in my opinion. Keep in mind that all these technical developments can change daily. But I believe you only have to check it once a day when the market closes to see the long term trend. I think if you see a bottom or...
USD.T dominance is forming an ascending triangle, which is considered bullish. However, we did break down from the triangle. I published the first altcoin season idea on December 17th, 2022 and I believe that a pump is coming. Currently, we are running into heavy Support from the 50-week moving average. For altcoins to remain bullish , we need to break this...
So right now Bitcoin is bullish + bearish as well it's upon whales now how they are going to play BTC and FOMC results, higher changes are for 25BPS well let me tell you what mindset you should have right now! Till the time we don't break the 21430-21300 key support level don't be bearish Right now I am still Bullish on bitcoin and I am hedging the trades just...
Heatmap The Heatmap from yesterday (SP500) shows a mixed bag which is a result of a 'natural pullback' following a decent rally over the last period and some concerning FED news as listed below. General Market Update Stock Market Falls Following Cautious Comments From Fed Official The stock market ended moderately lower Thursday, as the Fed suggested they...
Heatmap NASDAQ for last week The heatmap for the Nasdaq for the last 5 trading days looks great. Many names could improve by more than 10% with only very few exceptions, TSLA being a big outlier last week. Overall a very promising week which could actually indicate that we are getting very close to the bottom of the current bear market. General Market Update...
-Welcome to Monday October 3rd The Q3 close last Friday showed a complete route in the general markets as the quarterly close saw the DOW, NQ, and SP down 16%, 17%, and 20% from their summer rally highs. The Dollar Currency Index is still fully parabolic from it’s double bottom from May 2021. The collapsing value of the Swiss Bank Credit Suisse has brought to...
Traders, Bitcoin is working hard against current overhead resistance. Currently, it has beaten the 200 week but to be sure, we need to see a close above 22,800 in 2 days when the weekly candle closes. Also, I will review what the dollar and VIX may indicate regarding market price action next week. And finally, we'll review a few of the altcoins that continue...
SPX had a solid two week run hitting our 4000 Target before showing a pullback. SNAP ER showed an early sign of possible Earnings outcomes for Social Media Stocks. There are still Dip Buyers in the Market so it is possible to see a continuation into 4100 depending on reports. Wednesday is a Heavy Binary Day with Bigger ER stocks and FOMC. For today I'd watch the...
#SPX had a great run up into our 3974 Target. Nice move after finally breaking above 3900. Yesterday we saw more of a consolidation than previous. We cut our calls at our 3974 target for now. SPX has a chance to. Pullback from here if we dont enter the gap today. If we can break through we will see our 4000-4017 target area. Hard to enter calls here after the size...
#SPX finally broke out over 3900 and continued strong up through close. NFLX was a big watch AH and ended up showing good numbers. We have TSLA AH tomorrow. SPX can continue this move up into 4000-4020 area by friday. 3957 and 3974 are still targets before 4000. Do not let high volatility deter you from trading if you have reliable charts you can read. Instead...
SPX showed a strong Gap up after the weekend with a continuation on some bigger Bank ER numbers. It failed the breakout attempt above 3900 early and stayed in range throughout the morning. Once SPX fell below our 3880 support, we saw a big drop with catalyst from AAPL news and Housing Numbers. AAPL has been relatively strong and finally seen a big day of weakness...
So here is detail analysis of btc on weekly time frame BTC is trading in long term bearish trend and now currently trading at 19.4k with strong support 18.5k and 17.5k which is local Demand zone and 29k ATH Resistance and strong resistance of last upward trend at 23k . On breakdown from 17.5k market will be on the way towards deom 13.5k to 12.8k area....