Marketprofile
Soybeans look ready to run againAfter a nice pullback and test it could be time to start another move to the upside as long as 930 holds in Beans!
$NQ_F same prices as market open on Monday am, 48 hours Later Nasdaq gapped up to these prices Monday at Open so in 48 hours we have gone nowhere. Much Ado about Nothing so far after failing to make new all time highs in the NQ and Russell and Dow, only the ES has gapped and made new all time highs this week. We see a chance to test the zone lower if we can't close over new highs by week end!
$BTCUSD still plunging and looking like $3700 is next moveCME_MINI:ES The 4 hour chart points lower and rallies continue to rotate lower and lows expanding lower $3700 next stop.
Short the Spoos back to Value This market appears to be grinding higher as rollover wraps up this week. Note the very low volume continues as we "Breakout" i'm of the skin that I need to be selling here 2490 up to 2515. Until we close on a Friday over 2515, I want to remain short for the near term as the chart points to retests of lower prices without more rocket fuel to take it higher.
DGBBTC DigiByte Market AnalysisDGBBTC from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet.
In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish candles. Triangle may break after Segwit, 8/2.
Is good time to go short if you are holding profits, if not, wait for the triangle to break.
Also, you can go long over 659 after triangle break.
WNZ
Free updates and analysis of the cryptocurrency market: t.me
Short FL here with a buy to cover stop at 46.57 Sell FL here with a buy to cover stop at 46.61. FL traded up against resistance on Market Profile pattern and suggests a sell here. FL has under-performed the SPY quite a bit lately. Look slike a good short at the current price
Short NFX here - stop loss at 27.55..aim for 6 to 1NFX pulled back into Overhead Resistance on Market Profile patterns. Stock is in a solid down trend and presents an opportunity to reenter the down trend.
Short FE Here -buy to cover stop at 30.58 - aim 3 to 1 at least FE broke to the upside but was unable to Hold Market profile breakout pattern. Looks lie it will head back down. Risk reward is about 3 to 1
Buy FDX here, stop at 217.54...expect a 4 to 1 tradeFDX broke to the upside out of a Market Profile pattern today. Expect additional follow through.....
Buy DAL here, stop at 54.88...expect a 5 to 1 tradeStock broke to the Upside today out of Market Profile pattern. Delta has also consistently outperformed SPY over the past 50 days.
Sell Short CPB here with Stop at 51.77...Risk reward ratio is 6 CPB is pulling back into Market Profile Overhead resistance ...stock has been consistent under-performer with 10 day relative change to the S&P -2.41 % (smoothed over 50 day). Looks like a good short here ...RR reward is good too.
Buy PRGO here...place sell stop at 72.89...risk/reward is 3.5 toPRGO broke to the upside out of a Market Profile pattern. Target is 77.87 which makes it about a 3.5 to 1 trade. Relative Out Performance vs SP is 1.64 % on a 10 day average (smoothed over past 50 days)
Buy ABBV here. Place stop at 71.28...expect at least 73.90 for aMarket pulled back into Market Profile Support. Buy Off the support at current levels. ABBV has been outperforming the SPY over the last 50 days by a fair margin...good long candidate
Sell RRC here with a stop at 22.51Sell RRC and expect a 4.5 to 1 trade. Market pulled back into Market Profile Overhead Resistance. Stock has been under performing SPY over the past 50 days by a wide margin
Buy HON here...stop loss at 133.82...RR is 4.5 to 1HON broke out of a Market Profile pattern today. Expect follow through towards the old highs. Aim for at least a 4.5 to 1 trade
Sell WU Here...Stop at 18.81...aim for a 5 to 1 tradeMarket is trading back into overhead/resistance on Market Profile patterns...sell here with the expectation that the downtrend will continue
Sell EXR Here with Stop at 76.93. Aim for a 4.4 to 1 risk/rewardEXR broke market Profile Support today. Should continue lower.
Buy BWA here with a stop at 41.60 ...shoot for 6 to 1 BWA broke out above Market Profile pattern to the upside...
Sell RTN here....SL at 162.59..aim for a 4.5 to 1 payoffShort RTN here...Market Profile shows the uptrend has been broken and it should continue lower. Also...Daily Maket Profile Analsys for all stocks on the SP500 is now bearish
Sell DSCA at current levels...stop at 25.91....aim for a 9 to 1 DSCA is running into Market Profile resistance at current levels. Sell here with stop at 25.91. Daily Internals for the SP 500 have now turned negative on MP Scans
