MTPredictor

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The ES (S&P500) is now declining from its MTPredictor DP Resistance zone

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Hi Everybody. The ES has now joined the YM and NQ (please see my previous posts) at its MTPredictor DP resistance. So now all 3 main US Indices are all in their respective MTPredictor Resistance zones, we need to start looking for signs of a reversal and a possible Top.....

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Hi Everybody, I wanted to make this Post today to show how the best MTPredictor trades are taken when the set-ups are "with" the Higher Time Frame. A great example was today when the GBPUSD made a automatic MTPredictor DP sell on the 60min chart, BUT this also fell at 240min DP Resistance. In other words the shorter time frame set-up fell at higher time frame...

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The Nasdaq looks to be finding resistance at our MTPredictor DP zone, so lets see how the next few days unfold....

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The NASDAQ rallied though the last minor MTPredictor DP resistance without confirming a high, and has now almost reached the next MTPredictor DP level, please see the chart. So will this level hold, we will have to wait and see

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The recent rally on the Nsadaq has now reached the next MTPredictor DP resistance zone. With the Fed speaking later today, (that may well move the market), the question is whether this resistance level will hold and we get a decline from here ? Lets wait and see................

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The GBPUSD made a TS1 buy setup a while ago on this 4hr Chart, (please see chart). With Stops now at Break-even (as we have exceeded the 100% initial risk level), this is now a free trade. So will the rally carry the GBPUSD up into its first target ? PS. Notice how the MTPredictor DP nailed the Major low, so this would indicate a continue rally.

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Update on the Dow. The Dow has also rallied nicely from its MTPredictor DP support zone that I showed in my last Post.

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Update to my last post on the Nasdaq: The Nsadaq has rallied nicely off the MTPredictor DP Support level I showed in my last Post. It is always nice when a market moves as anticipated :)

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The GBPUSD did not rally far off the Daily DP support zone,. The rally only unfolded as an ABC for a MTPredictor TS3 sell setup:

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Yesterday the Nasdaq (and the ES) Reached the MTPredictor DP support zone that I projected 3 weeks ago. So now we are at a critical junction. Will we get a rally form here (and if so will the rally only be a minor correction), or will the support fail and the down trend continue. The next few days are going to be very Important for the US Markets !

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The Dollar index is at a MTPredictor Typical Wave 5 high, so does this mean we are set for a fall in the Dollar from here ?

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As you can see from the Chart the Euro is at both MTPredictor weekly DP support and at a Daily Wave 5 low, so will a rally unfold from here ?

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We had a MTPredictor DP buy set-up yesterday, so will the Pound Rally from here ? This is against a red STF, so is a riskier trade than normal, so protective stop should be advanced quicker than normal.

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Is the Dow Jones at a High as well.? As you can see, the Dow has started to retrace from the MTPredictor DP resistance level, which suggests a decline is now coming. The only question is how far. I have added two possible DP support zones on the chart.

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Is the Nsadaq at a Wave (5) High ? As you can see from the Chart, MTPredictor has found that the Nasdqq is at the minimum Wave (5) WPT. And as such a decline into (at least) the MTPredictor DP from the previous Wave (4) should now be anticipated..............................

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As anticipated, the GBP is finding support at the MTPredictor Daily DP Support Zone

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MTPredictor DP sell had you short, just before the Sharp fall. This "fits in" with the larger degree Daily picture, I posted a few mins ago. So a lovely example of a MTPredictor setup and trade on the GBP !