There may be a potential drop in the, $ES $SPY, BUT it can certainly run up if it gets above 4711, but for now as long as it doesn't make a new high, I believe it may test the first area of support in the 4653-4640 area. If we get there, I assume there could be a bounce to test resistance/trendline. There doesn't appear to be much support under there and on a...
I expect some potential heavy volatility as the week progresses and we get closer to the fed press conference and NFP. To start the week i expect a small choppy range and price may move up some in the 1804-1808 range before making its way lower to the lower 80s. There is mostly support in that area and we may see a breakdown retest. I expect home sales to come in...
It appears the usd has some room to run still until it reaches a higher time frame resistance area. I expect a volatile week because of significant event risk. inflation and J Powell is on the docket. In my opinion. To start the week, I expect the dollar to continue to fall towards near term support. The usd is vulnerable under 11850.00,in my opinion, and may...
Gold may bounce one more time near the higher tf 618 in my opinion but not valid until over 1780ish again
its kind of ambitious as of now, but just a though. i'll continue to update the chart as we go forward
a possible completion of a 3 wave corrective bounce although there is risk to the upside , midweek I do anticipate a downside surprise in the retail sales data. I made a video to elaborate a bit further on significant price levels I see. I will post video in the comments section
I see a double top at resistance , and I believe btc may drop to test the trendline at very least , imo
USD took a little hit from the unexpected rate cut the other day but its all priced in now and even a rate cut on the 18th is 100% priced now. I believe that if u.s. data is good today it would help EU ease off the tops a bit in my opinion. there is a declining trend line but price may overshoot some into the resistance zone but not a guarantee , either way not...
gold is definitely bullish imo, but I am looking for a nice retrace to add longs for what I believe may be a run towards 1730s. in a perfect world we would get a retrace to 1672 to retest the trend line break then down and break under 1630 on our way to support. there seems to be a lot of support so it will be lucky to get price in the low 1600s. equity markets...
A possible trade set up for EURJPY. i believe there is further downside available in EJ, mainly because of the impeachment trial in the U.S starting next wee,k which may help boost demand for safe haven assets. the bounce could coincide with the lighter than usual trading volume in the U.S Monday because of the holiday. We also have the BOJ rate decision Monday...
possible retrace targets to close the gap near 7500 but also to retest the break out and load up for a strong wave up, imo
some downside coming but there is a gap at 7500 so we have to keep that in mind. thee is a risk to be at 8k again around the 21st of this month imo with a possible gap close around the 24th of January
with the phase one deal finalizing and some details being made public. there appears to be another push down possible , in my opinion. there is always the possibility to get a spike up to close the gap. but after yesterdays strong drop. it seems unlikely for now. it also looks like a wave 5 on the 1hr. the risk bar is supposed to be near 1551 not 1547
I believe there is a possibility for continued downside. Reasons: price dropped after almost 2 weeks of consolidation, the current rise seems like nothing more than a retest of resistance/ breakout retest.the monthly chart has 3 consecutive monthly rejections and isn't bouncing up aggressively off support. A breakdown from the psychological 9k level could...