priceactiontds

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and...

priceactiontds

Good Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long...

priceactiontds

Good Evening and I hope you are well. comment: Market is much less euphoric than the others. Obviously trending up but still below 18700, which was big resistance last time. Bulls already had 3 pushes up inside the wedge and deep pull-backs in between, which shows selling pressure and no giving up by the bears. What are the odds, that dax follows the sp500 and...

priceactiontds

Good Evening and I hope you are well. overall market comment Bulls owned the markets today but when you zoom out, almost all are still inside their given ranges, new ath or not. Sp500 and NQ are pumping while dax and dji are still looking more bearish than bullish on higher tf. The only interesting question now is, if bulls can get follow through tomorrow of if...

priceactiontds

Good Evening and I hope you are well. Here is my update from yesterday after hours with an update for short term, since we clearly broke outside of the channel. dax comment: Globex perfectly retested the breakout at 18630 but failed and the EU session just sold off big time to a lower low. It was a small break below the bear channel line but ultimately a bear...

priceactiontds

Good Evening and I hope you are well. wti crude oil comment: Yeah oil again. This is in play and you should look for strong momentum trades. current market cycle: Bear trend key levels: 70-77 bull case: Yesterday I said bulls need to keep it above 74 or we see 72. Low of the day was 72.48. 1h 20ema was resistance and bulls need a close above that....

priceactiontds

Good Evening and I hope you are well. wti crude oil comment: In my weekly outlook I was bullish for 80 again, unless bears produced strong momentum below 76 and that was basically just on trading hour today where sold off for 232 ticks. 75 was the price I was talking about for weeks now and bears had a strong bear day down to 74. Depending on how you draw the...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes could not stay at the highs and bears showed some strength by closing the gaps we left behind on Friday. SP500 and nasdaq rallied into the close on weak volume but bulls nevertheless also showed strength and for the day we mostly moved sideways. Both sides have reasonable buying/selling...

priceactiontds

Good Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: Bulls rejected 76 area 4 times now. At some point one side will concede and we see a bigger move. Patience pays. Bulls want retest of the daily 20ema and bear channel next (78.8). Afterwards break above the bear channel. Bears had two clear pushes down and now a...

priceactiontds

Good Evening and I hope you are well. bitcoin Quote from last week: comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls finally broke above it with force and bears quickly retested that price and it turned support, which gives the bulls some momentum. Market has not touched the daily 20ema for...

priceactiontds

Good Evening and I hope you are well. Gold comment: 2350 is the big line in the sand for both sides. Bears did it big time by closing below the big bull trend line from March and consecutive daily closes below the 20ema. Problem for them is, 2300 - 2350 was huge support for 2 months now and I doubt bears can break it that easily. My bear channel from the weekly...

priceactiontds

Good Evening and I hope you are well. bitcoin comment: Let’s make this simple. Bullish above big red line around 70600 and uber bearish below 65000 and . Neutral in between. Not rocket science. But how good was my two legged correction from two days ago? Hope you made some. current market cycle: Trading Range key levels: 56000 - 74000 bull case: ...

priceactiontds

comment: In my weekly outlook I wrote that 76 was rejected often enough and bulls are favored to at least test the top of the channel around 78.8. They poked enough today and finally broke above. I expect 84 over the next 1-2 weeks. Measured move would bring us to 84.3. current market cycle: Bear trend broken - Still inside bigger triangle (form of trading...

priceactiontds

bitcoin Quote from last week: bull case: Bulls need strong close above 67000 for 70000 and probably retest of ath. They tried 4 times now and failed. Market is also a wedge top on a lower time frame. Bulls have no good arguments around 67000. comment: Last weeks my line in the sand for bulls was around 67250, since market was rejected there 3 times. Bulls...

priceactiontds

Good Evening and I hope you are well. dax cfd Quote from last week: bull case: Bulls got a new ath and market sold off for 200 points to close the week below 18900 which was the second weekly rejection of that price level. Bulls need to keep this pull-back shallow, inside the small bull channel and above the daily 20ema for continuation. The bull channel and...

priceactiontds

gold futures Quote from last week: bull case: Bulls continue inside the wedge and buy every dip they get. 2450 obvious magnet above. I won’t make this longer than it has to be. Weekly and monthly charts also just give bullish signals for this. This month is still an inside bar on the monthly chart, so if bears keep this as a lower high, odds favor trading...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls have every argument on their side for printing higher prices. Bears created 1 bear bar in 11 days and Friday closed 1 point below the daily high. That is as clear of a buy signal as it can get. At the minimum they want to retest 5349 but if bears step aside...

priceactiontds

Good Evening and I hope you are well. overall market comment If bears can get follow through selling tomorrow and trap bulls below the breakout levels, we could see acceleration of this selling. If bulls manage to BTFD and make money with it again, this madness continues for new highs I guess. dax comment: Another break of the neckline but bears need follow...