Sublime_Trading

Sublime_Trading Feb 6, 2020

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...

Sublime_Trading Feb 6, 2020

$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...

Sublime_Trading Jan 31, 2020

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...

Sublime_Trading Jan 31, 2020

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...

Sublime_Trading Jan 21, 2020

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 Jan 21, 2020

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...

Sublime_Trading Jan 20, 2020

Palladium has gone on to shatter records performing a steep climb over the past couple of weeks but will the rise be over as fast as it started? The chart clearly shows the clean breakouts following clean pullbacks in Palladium over the last year and each breakout has resulted in a nice trend. The most recent breakout has been the strongest yet in its recent...

Sublime_Trading Jan 20, 2020

The behaviour of Gold has been consistent over the past couple of years where we have seen trends followed by consolidation periods. The most recent breakout of consolidation on the 6th January 2020, saw price sharply rise to a height of $1.611 but that was short-lived. Price re-entered the consolidation zone and things were not looking good for Gold as its rival...

Sublime_Trading Jan 8, 2020

Following on from the previous Gold post, you would have seen that we mentioned that price was approaching major resistance at $1,557 which was from the high of 4th September 2019. On the 6th January 2020 price eventually broke through this resistance level confirming a continuation to the upside. Price also broke out of consolidation and what tends to happen...

Sublime_Trading Jan 8, 2020

On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs...

Sublime_Trading Dec 24, 2019

At the moment Gold is still in consolidation but taking a closer look we can see that price is looking strong and finding its footing at a support base. If we look at the support base formed in April/May 2019, we can identify the trend that followed which saw a 22% rise in the price of Gold. After big moves we usually see exhaustion in the market and in the case...

Sublime_Trading Dec 24, 2019

Following the UK elections on the 12th December 2019, the British Pound showed some strength and tried to battle it out with the Euro. Price managed to push itself down through major support at 0.8297 and things looked positive for the Pound. It wasn’t too long before the market corrected itself and the Pound and the Euro were balanced again and now price has...

Sublime_Trading Dec 18, 2019

If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and...

Sublime_Trading Dec 18, 2019

The overall structure of the Dow Jones 30 looks positive. The most recent pullback came down and tagged the support level from the consolidation resistance and bounced off from that level. After periods of consolidation, it is always good to see price retest support levels as it confirms the support level is holding and gives more strength to the buyers. Now what...

Sublime_Trading Dec 12, 2019

Gold appears to be repeating its behaviour from earlier this year. From 20th February to 19th June 2019, price was in consolidation and used the base of the consolidation zone as support and then formed a strong uptrend which rose by 22%. If we bring our attention to the current consolidation, the pattern looks very similar to the consolidation period mentioned...

Sublime_Trading Dec 12, 2019

Apple continues to perform well, despite being range-bound for 4 months between May and September 2019. Prior to the consolidation, we saw a rise of 52% from the beginning of the year. After such strong rallies, it is not unusual for price to slow down or pull back sharply as there would be exhaustion amongst the buyers. A deep pullback or long period of...

Sublime_Trading Dec 3, 2019

Since February 2018, a rally began in the Dollar Index which saw it move above the 200sma in May of that year and continued until it reached a high of $97.53 in November 2018. Price has been trending to the upside but it has been a slow gradual process, moving sideways the majority of the time with the occasional breakout. What helped and assisted price is...

Sublime_Trading Dec 3, 2019

With a strong bullish November, we saw price rise by 102 points. The momentum looked strong and seemed as though it was set to continue through to the end of 2019 but the momentum has come to a halt for now. Price has dropped sharply, falling 33 points on the first day in December and not that start of the month we would have liked to see but what does this...