simtrader19a

simtrader19a

Price is conducting a pullback and now waiting for for it to continue lower and breaking Counter trend line which will form and confirm a Diamond Pattern. Applying the rules for diamond pattern and using Previous demand level with Fib extensions we have a target value, Lets see how it works out

simtrader19a Updated 

Dow has confirmed a Diamond Pattern, one can expect continuation to down side

simtrader19a Updated 

Price action has made a Head & Shoulders Pattern, just waiting for entry to trade it

simtrader19a Updated 

Due to US and UK releasing their reserves which has made increase of supply to oil for the market we have a technical trade of ABC pattern

simtrader19a Updated 

Due to fed releasing minutes of meeting which has effected the US10Y making them going higher this in turn has made the NASDAQ to drop making a Diamond Pattern. Applying the rules it does not look good and anticipating for the market to drop to the projected area

simtrader19a Updated 

After last night move now have a confirmed Double top pattern that has broken the Neckline, expecting some form of pullback to retest supply level then continuation to the highlighted area

simtrader19a Updated 

NASDAQ has hit a strong demand level and now conducting a pullback. Since the NASDAQ is very reactive to bond yields and DXY movements The Next FOMC is 14-15 June 2022, FED has stated next two meetings will be 50 basis points for each meeting (0.50%) increase but looking at other information I have there rates at 110 points for June and higher for next...

simtrader19a Updated 

With the recent news of the global / US economies we can see the US Dollar has turned, which is forming a nice diamond pattern to trade. Lets see what happens

simtrader19a Updated 

Looking at price on current oil chart we can see a setup of a Diamond pattern which have included target extension and fib levels as well as strong demand areas, If the trigger occurs and oil drops may find the indexes will follow. On a fundamental aspect this may reduce inflation as oil is a key factors that drives household good, transport, groceries cost. Lets...

simtrader19a

Price has made a lower swing high and using previous demand levels we can see where price may hit and applying a Fib level gives us more evidence to where may equalize. This is all being driven by the FED and with FOMC in next few days I suspect that will be the driving force to hit next level of demand See what happens

simtrader19a

On a larger scale we can see a huge CUP & HANDLE setup. Closer to price action we can see a double top setup and price has tested previous demand three times. taking into account the fundamentals in the next few months expecting price to break demand level and conduct a minor retest before continue to down side and if applying double top targets based on 1))%...

simtrader19a

NASDAQ has made a new lower swing high for continuation to downside and using Fib Ext of 1.272 we can see a target also based on price action to the next demand area. With next FOMC occurring on 21 Sep and the recent news indicating that 75bps or 100bps probable increase this would concur with the fundamentals that are driving price lower. From a fundamental view...

simtrader19a Updated 

Price has broken previous high and then conducted a pullback to retest demand area, Buyers have come and broke then trend making a Diamond Pattern. Which now is confirmed, Target based on rules of Diamond pattern

simtrader19a

Looking at the US FED Interest rates we can see that the FED has some catching up to do to where the market values are. This would reinforce the FED increasing rates by more than 50bps. Higher Interest Rates would increase the value of DXY and make the major FX pairs and US indexes to drop in value. At the moment we have divergence on DXY and Bond Yields, some...

simtrader19a

After the recent sell off because the FED and global interest rate rises we cans see the NASDAQ which is the US index most effected by interest rates. in particular US02Y. We can see that price is entering a strong demand area with Fibonacci confluence from a number of data points. Lets see how the market reacts at this level

simtrader19a Updated 

Due to US releasing Emergency reserves, and China slow down due to covid in Beijing and Shanghai oil is dropping, over supply of oil.

simtrader19a

Using current US 30Y Mortgage Rate and applying projected interest rates rises we can see what the fed is doing in the future

simtrader19a

Fundamentals suggest when US02Y & US10Y yields become inverted ( US02Y is higher than US10Y) it signals a recession. Have made a tool to compare the inverted yield curve with SPX 500