TVC:SPX
As can be seen in the linked related idea, my "theory" moving forwad turned out to be correct.
Let me begin with explaining the recent turns of events in price action.
Ever since the corona-crisis low in March, bulls saw this is an opportunity to pick up great amounts of sell volumes where traders have only been looking for shorts. I wont be arrogant...
My view from previously havent changed much, the market keeps going strong and there is no current top structure which should be appealing for strong bears.
However we have seen some bearish close previously as a first sign of weakness in this latest move, and there should be plenty of volumes for bulls to work with ones the ATH breakout traders jump on this...
Lets begin with to recap my views from last weeks update.
1. Market is in a clear one-sided trading condition, where bulls have full control. Prices are bought relentlessly, with no pullbacks. Forces traders to always buy "at the top", which is a great indication of a strong move with several more swing highs to come.
2. Trading near the previous ATH triggered...
Failed breakout to the upside, looking at intraday charts of 1H the recent upmove was abit too parabolic and current breakout great place for intra-day short entries / long profits.
If we manage to hit the swing low stop-losses on 3330, this should lead to a great intraday scalp for test of the trend extreme.
Ideally we see a climatic selloff to scare off some...
Gold currently has everything speaking for it, the technicals & fundamentals. There is no points trying to short this product currently. In the longer term I do imagine a move is needed to let traders start "doubting" this upward trend, but until that set up presents itself, there is no reason to trade anything but long.
Looking at the daily chart, it contains...
Following a very intense period in the oil market, with crazy contango and extreme volatility, it does appear Oil have started trading more normally.
Looking back, we have seen an extremely climatic downward move after the upward breakout of the bearish trendline.
Im not sure exactly how to read the test of the new low indicated on the chart, there was some...
TVC:SPX
Will be a short summary for this symbol right now, there is only one thing to do currently which is go long.
I dont care what currently happens in the world and the reason why the stocks are still climbing, if its due to excessive money printing by Fed (which is my best guess) or simply information which is not yet public.. the institutions are all...
XETR:DAX Following a week of volatile ranging, there is no current reason to suspect the behaviour will stop when looking at the setups of both directions.
Summary (Please see Bull & Bear case below):
There is a good Bearish and Bullish case for the week. I expect breakouts to the bull side to fail and until we have seen a major bull setup, I suspect further...
