Sublime_Trading

Sublime_Trading

The global markets have taken a turn for the worse lately and the S&P 500 is no exception. Since 2009, the monthly timeframe has been showing higher highs and higher lows. When a low is broken then this usually indicates that the prior trend has come to an end. The weekly timeframe shows that price has broken and closed below a major previous level of support at...

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Since Gold suffered a sudden decline from the 9th March 2020 high, price didn’t look like slowing down until it approached the 200 simple moving average. Price hesitated at this support level at first but the sellers forced price to move below the 200sma. Price not only had the 200sma as resistance at that point but also the $1,500 round number. With such a...

Sublime_Trading

The S&P 500 suffered a heavy blow when it started to plummet 29% from late February 2020 to where price currently lies. Despite recent events, the market is still looking bullish overall and will remain this way unless major areas of support are broken. This Index has been in an uptrend since 2009 and currently has an all-time high of $3,393 formed on February...

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Gold was on a strong move to the upside since finding support in August 2018 and rose by 46%. All trends come to an end at some point but Gold has recently come to a sharp halt. Despite the recent decline, due to the recent health epidemics that are affecting the global markets, the trend may not be over just yet. Price created a high at $1,703 on March 9th 2020...

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Gold is lagging behind Palladium in terms of price and growth since 2016. However, Gold has seen consistent growth and has been reliable for many decades and normally trends for many years at a time. After a long-term trend and peaking at an all-time high of $1,920 in September 2011, price started to decline over a period of 4 years. The decline saw a 45% move...

Sublime_Trading

Palladium has seen a strong rise since August 2019 with nice trends ranging from 18% to 38% following periods of pullbacks. This has been an overall growth of 106% over a period of 7 months. As with every trend, there will be pullbacks along the way and we are experiencing another one at the moment. When price pulls back, we always want to look for areas of...

Sublime_Trading

The coronavirus infected the markets last week, amid fears of a potential worldwide major outbreak and the possible effect that may have on the economy. In one week, price fell by over 10% which is a sharp decline in such a short space of time. The fall was only saved by a strong previous level of resistance turned support, formed from the high of 17th February...

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Palladium is proving to be resilient as it is finding strength after a sharp decline last week. The $2,500 round number has come to the rescue for the buyers and it is acting as a strong level of support for price. In January 2020, this round number was acting as resistance and forced price to pull back and now that resistance level has turned to support. The...

Sublime_Trading

The current 26% trend has now matched the trend from May to July 2019 in terms of percentage rise. It still has some way to go before it matches the 38% rise we saw from December 2019 to January 2020. Palladium has been forming a nice strong uptrend with clean pullbacks and smooth periods of consolidation. We are currently experiencing a pullback which could...

Sublime_Trading

Gold, until recently has been a slow mover but has now started to gain good momentum. After breaking above the strong resistance at $1,611 on the 20th February 2020, price has so far peaked at a high of $1,689. Whether this high will cause further problems for price is anyone’s guess but as price has started to pull back, a break and close above this high will...

Sublime_Trading

The S&P 500 is flying high since breaking out of consolidation in October 2019. Price has remained above the 50sma since and even used it as support on the 31st January 2020. Since October 2019, price has climbed up 11.5% and since the beginning of 2020, price has risen 4.3% We may see this trend last for several months and we should notice many UK and US stocks...

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The EURUSD has consistently been heading down since January 2018 but it hasn’t been the smoothest of rides. The journey down has been plagued with long periods of consolidation which are highlighted on the chart. The shortest period of consolidation lasted 53 trading days and the longest was 144 trading days. The most recent consolidation period was for 94...

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The S&P 500 proved resilient following its breakout from consolidation in October 2019, going on to rally 10%, reaching a high of $3,337 on the 27h January 2020. With strong moves in price we can expect to see price become exhausted at some point which is what took place here. Price pulled back and reached a low of $3,214 which also came close to the 50sma. The...

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$2,500 proved to be a big hurdle for price towards the end of January 2020. Price soon started to see weakness and the selling began but was caught by the 20sma support level. From the start of February 2020, there has been increased momentum in price. The force of the recent move appeared as though it was going to be enough to break through the resistance at the...

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There has been a clear and consistent trend in Apple since 3rd January 2019 and the trend looks set to continue. The first trend from 3rd January to 1st May 2019 rose by 52%. The next one was from 11th September to 6th December 2019 and rose by 22%. The current trend which has been running since 13th December 2019 has risen 20% so far. As we are in a strong...

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There is no surprise that Palladium has currently found weakness after hitting a round number following a strong surge in price. With every big move, we can expect to see exhaustion in the market before a continuation in the trend. Price first made contact with the $2,500 round number on January 17th and has since pulled back. The recent pattern of breakouts and...

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JD Sports has a good history of trending well as we saw from the trend between December 2018 to May 2019. Price became exhausted and went into consolidation from May 2019 to September 2019 and the breakout in September was the first indication of further trends to come, which is what we are currently experiencing. This has not been the neatest of trends but...

Sublime_Trading

The S&P 500 is going from strength to strength, continuing to create new all-time highs since the beginning of 2020. After breaking out of consolidation on the 28th October 2019, price has formed a nice linear bullish trend. This Index has a good history of forming strong linear trends as we have seen in the recent past from December 2018 to May 2019. Some...