Wednesday notes - SPX Wheat Gold DXY DAX Bonds etc.Some pre market commentary, SPX - expecting a bear trap after open, then higher. Wheat may be affected by the hurricane in Florida, Bonds hit an important fib extension, Gold looks promising if it can get over 1675 resistance, DXY also looks like it may pullback - BTC could still move to lower 18000 area before a move up (would align with one more low in equities) but it doesn't have to go down that far. Dax has broken monthly trendline, expect a retest over the coming weeks.
I forgot oil - looks good for a strong bounce here, pullbacks are likely bought.
OK good luck!
D-DAX
Post FOMC autopsy - SPX, GOLD, BTC, USOIL, DAX, BONDSI forgot wheat - still looks fine for bulls.
All in the video, expecting a pump up today and then further selling to 3700. Sentiment is extremely bearish and so with the technicals I'm watching I'm expecting a rally sooner rather than later. OIL looks good for a nice swing up, Gold as well, Bonds may have a breakout on TLT, but we need to see follow through - one more low there would not be a problem. BTC still holding fib support - to me that's bullish. DAX at strong trendline support with Weekly bull divergence - also looks good for a nice rally.
good luck!
The Monday Overview - DXY Gold SIlver Wheat Bonds BTC DAXAn overview of the markets I often cover. Dollar should pull back lifting just about everything, Wheat may have to retest 800, Bonds ABC continues to 120's, Dax (germany index) looks interesting at support and may be hinting at a larger bounce in world markets. Good luck!
GER30 are sellers starting to take control?
Hi, and welcome to Friday's update. In today's video, we are focusing on the GER30 daily chart. Price action and the OBV indicator are starting to show signs that sellers could be gaining short-term control over the market.
Looking at price we can see that buyers made a failed breakout attempt, and sellers came in strong on the next session with an engulfing bar. Yesterday buyers held a rally but closed well-off highs showing plenty of rejection. Today, sellers have started a new move but still have a little work to do. We would like to see sellers continue to push lower and break support seen at 13,640. A break and close below yesterday's low could be the trigger for a new leg lower if sellers can hold the move.
If buyers can regain control and close price back above 13,750, we would be looking for more evidence before we continue to think that the market is set to break lower.
What are your thoughts? We also like to hear feedback from our readers. Thanks for stopping by. We hope you are all enjoying your Friday and good trading.
BTC Comprehensive UpdateYes, this is a 20 minute video. But I speak quickly. This Idea is meant to be watched as a video. If you do not watch the video and only read below, you will not get much from this idea or may get the wrong idea.
Overall I have been short (Not in market) since the reversal in the stock market on April 5th and 6th. I go over all this in the video and I talk fast. So there is a lot of information to see.
I don't want to put investment strategy short, because I don't really want to say that where the price currently is, is a good spot to short. It seems odd to too heavily before any non crypto markets are open, but after they closed for the weekend. Considering the market was pretty obviously bear on Thursday and Friday.
Possible targets if we drop below 28k and have some bad price action are then to around 26.9k and most likely between 22.35k and 23.3k.
For me to feel bullish on BTC I would have to see several things. It is too complicated to explain without showing the chart, but I mention it in the video.
It is worth the watch. I reference the most important things that I look at to determine bitcoin price movement.
Based on the Schiff pitchfork, It looks like the lack of movement in BTC is actually distribution and that we have failed to hold the key channel (Jun 1st). We also had a hard rejection of the top of the current channel on Jun 6th.
If you have any questions feel free to leave them below.
DAX Squeeze over? Downside TargetsEU Oil embargo on China and record German Inflation is a toxic mix that may short circuit the DAX short squeeze.
Sellers are worried about inflation and the EU news has seen Oil push up to $118 overnight so if the market wants to worry it has more than enough reason especially if it goes higher above $120.
Targets are 1-2 day down towards 14300-14200, a new high above 14650 negates the trade and perhaps signals bear market in trouble.
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Trade with the trend!Even if you might be new to trading or day trading you'll probably be familiar with the phrase "stay with the trend" or "the trend is your friend", well this blog post and supported video is all about that and how we are looking to trade the DAX during the London session.
The trend is your friend and trading with the trend will generally provide you with the easiest profits, and the smallest losses, as long as you base your trading strategy around this process.
We hope this short video helps you with your trading today!
Have yourself a fantastic trading day and all the best!
MONDAY OVERVIEW - Long term setups on US and DAXHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- DAX
- EURUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
———————————
MONDAY OVERVIEW - Long term trade setups on US and DAXHi Traders,
This is my view for this week on:
- SPX500
- NAS100
- DAX
- EURUSD
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.