Leree123

Leree123

While trading futures is usually a short term play or swing dance it's worth to look at current levels form broader perspective. If current support level (2090) will not hold (very likely) ther is just one final support at 2054 before we approach an abyss. With yield curve inverted in the US and UK for the first time in a long time, poor state of German and...

Leree123

Yesterday rally was incredibly emotional and dum. I would argue if the whole move up was generated by news trading algos, since it took less then an hour to get all the way up but that was it. Today as expected everyone will come to their senses and remember where we are and what is an underlying macroeconomic and fundamental data is telling us for a while. We...

Leree123

Everyone seems to already forgotten yesterdays news and great emotional rally. It looks like it was great place to open shorts. Heading toward lows with a high probability to confirm a consistent downtrend, unless another tweet or piece of news will warm up Wall Street today.

Leree123

Tariffs and trade war is all over today's news. Question is - how long will it last? I would argue if this emotional upswing will last long. Take a caution before you jump this train. IT might dry out quickly.

Leree123

With 2900 level gone market just confirmed it's weakness. Yesterday we finished just above 50% fibo and with more and more bad news coming anxiety grows. News headlines are not giving us much hope: Argentina just crushed. Chinese military vehicles gathering along the Hong Kong border. I assume there is still a chance for retracement to ~2900 level today, but...

Leree123

Over the last few weeks, we’ve seen a correction due to several reasons: * a tweet that more tariffs would hit China, * a tweet that restrictions would return on Huawei, * oversold market conditions * and technically extreme extension of the market above the 200-dma. We have laso seen a few rebounds on: * a tweet of a september trade deal, * news that the...

Leree123

Even with a great bounce in the US last night it seems like Polish market is going into only one direction. SOUTH. FW20 just broke a support for the 2nd time and it seems like we have a open path for another significant drop. Looking toward 2080 in near future? All comments are welcome. Hit me with your insights.

Leree123

Inline to my previous post a strong recovery bounce brought market to much higher levels. S&P closed the gap and went even higher to finish just at the top level of local short term consolidation between 2914-2938. The end of the sesin did not bring any profit realization, so even though 2938 does not seems to be of any significant importance, market seems to be...

Leree123

Breakout below long term channel not confirmed yet. Seems like this might have been a fals breakout. Current global sentiment gives some hope to bring prices to high level but within few days I expect to test this long term support again. If we will see global rebound in next 2 days, FW20 might bounce of current levels (2145) back to around 2180. Longer term...

Leree123

Yesterday market said no to further selloff and started to rebound again above 2880 level. This forces me to review my previous comments. Seems like a further rebound might me the most likely scenario for next few days. There is high probability (I estimate it to 85%) S&P might go back to 2915-2920 in next few days to meet strong resistance there. Keep in...

Leree123

So here we are. All the way down to 2136 braking long term trend channel. Market looks weak, so if no major change on global sentiment will take place in next day this support will be broken. Next stop 2080.

Leree123

For the past few days S&P was following closely my expected pattern. Nice bounce of fibo 38% level all the way to 50% that is also a resistance level build on June consolidation. Unfortunately looking at the broader picture it seem to be a short stop before next move down. With a market in oversold and a significant confusion among players, we might see...

Leree123

Recent sharp correction on S&P has reached 2840 levels. There is a 38,2% fibo retracement around those levels that already plays as a support. If now new tweets will appear, it's very likely some relief bounce can bring S&P to 2880. We will see what's going to happen then but It still looks bearish to me, and within few days I can see it going south again to...

Leree123

2153-2160 support levels in play. Strong downturn momentum in place. Still some room before we will test a long term upward channel but I'm sure we will be testing it soon unless some signs of a change to global market sentiment will appear. For now lets see how support plays out. Some small upward move after strong correction expected. With market at oversold...

Leree123

As I indicated in my last post ~2914 support played out to be accurate. We have seen a small bounce back but looking at today's trading in Asia, early morning DAX gap down and -1% on index futures , it looks like we will be testing the same resistance level today with a high probability to break it. With most of the indicators in oversold, there might be some...

Leree123

Local support is getting closer. There is small bounce potential, before it will turn south again.

Leree123

Few minor resistant levels head, but I believe we are heading toward 1960-1950 level. Let me know what yout think in comments below (in English or Polish)

Leree123

This is my first post here on tradingview. I usually do not post my ideas or views but this pattern builds in my head for a while now and would love to hear your feedback. First, we are so off long term mean, that I keep thinking it is about time to reverse to the mean or test a very long-term trend line. Second, although it is to early to say, but a huge head...