Short Everything? 05/10/19 Morning Notes (SPX)Morning Notes: 05/10/19 Trading Environment-Short Term: Current Environment-Neutral/Bearish
Hi Everyone,
Futures are under some selling pressure this morning, but well off the lows we made yesterday. The bulls are trying to form some bullish divergences and I would stick with a hold rec here. The 2942 short was a great entry and let's just manage that position with stops. As Woody mentioned yesterday, we are not in the "Kill Zone" time period yet and the set up to lore everybody back into the shark infested waters, is to let them think the waters are safe by bouncing the spx back near or above the previous highs as we head into the hard downside time period.
With that said, where will the markets find a low? That is hard to say, but if the bears push the spx below 2836, I think we could see 2814/2810/2797 come into play in the coming days. One may be asking-if those are the targets, why wouldn't I just short? From my view, I think the risk out-ways the reward from these levels. That may end up being wrong and we see the spx trading down near the 2722 short term target 2, but we could also see some type of double bottom and the bulls ramp up the indexes. If you want to just jump, I would use a break of 2836 to short and place a stop at 2873. Do you see what I mean by risk/reward not being there? That is a big spread for a scalp trade, but could end up working out. Just not for me, but may be worth it for some of you out there.
I am more on the side of looking to scale out instead of in. If I see 2810, I would be more incline to take 1/3 of the position off and move the remaining position stops lower. That will lock in some profits and still have a position if this move lower goes viral. And this is why we only give pivots/short long and stops, everyone has a different trading style. But I am going to move my stop down to 2903 and if we see 2810-ish come into play, start scaling out of my position.
The range SPX range for today is 2872 high and 2847 low.(gap numbers) A break of 2876 the spx should try for 2879/2898. A push below 2847 we could see 2836/2820. Have A Great Weekend!! G
SPX CASH 60 minute technicals
Stochastics: Oversold
Divergences- No Divergences
Resistance Levels: R1-2872 R2-2879 R3 2898
Support Levels: S1-2847 S2-2836 S3 2820
Trending Pivots: Lower
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Sentiment
SPX Morning Notes-Bull/Bear Line Busted--Now What? Take a Look!Morning Notes 05/09/19 Sentiment Timing
Trading Environment-Short Term: Current Environment-Neutral/Bearish
Hi Everyone,
Futures are under some selling pressure this morning and there is battle over the moving averages for the /es. The bulls are trying desperately to hold the 50/dma on the daily charts (2861) and the bears have been aggressively selling the 50/dma on the 15 minute charts (2870). If the bulls fail to hold the 50/dma line, it could set up some panic selling down to the 2820/2810 support by weeks end. If the bears fail to hold down the 50/dma 15 minute chart, then I would expect a reaction trade up to 2877/2884. There are some buy signals on the hourly chart, so I am sticking with just manage open short positions and don't press the downside. I will give you some buy/sell triggers for self-traders for the spx. Lower would make more sense from here, but we HAVE to run with our eyes wide open and look both ways before crossing! We have seen how fast this market can turn both ways.
The SPX looks like it is going too gap below yesterday's lows. I believe the first 15 minutes will give us some good information as to what to expect today. Each gap down either continues straight down and we don't see any bounces, or we have seen buyers’ step in right at the open and try and close the gap. It is one reason I almost never chase gaps in either direction. So if we see buying right at the open, do NOT be in a rush to try and short it, as a push to 2894 would not surprise me. If we continue to see selling at the open, I am expecting 2835/2825 to come into play in a fast manner. Open short positions from 2942, one can move stops down to 2912 conservative and aggressive stops 2895. For new positions, hold off for the first hour and let’s see where things stand.
The range SPX range for today is 2870 high and 2849 low.(gap numbers) A break of 2870 the spx should try for 2882/2892. A push below 2849 we could see 2837/2830. G
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SPX CASH 60 minute technicals
Stochastics: Oversold
Divergences- No Divergences
Resistance Levels: R1-2870 R2-2882 R3 2892
Support Levels: S1-2849 S2-2837 S3 2830
Trending Pivots: Lower
USDJPY SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price showed a sharp sink supported by large institutional volume, that implies that the smart money pushed the price down. Moreover, the pair is testing the level of support.
Volume Zones:
We need to allocated the strong global level of support 109.80.
Sentiment:
This indicator shows that 92% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Short Positions:
Given all these factors, we may regard a scenario of the breakdown of the support, which will be a strong bearish signal. The fall must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakout volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price demonstrated a sharp fall supported by large institutional volume and totally absorbed the recent keen surge. Now the price is testing the level of support.
Volume Zones:
It is necessary to point out the level of support/lower limit of the local range 1.2995, which contains an increased volume.
Sentiment:
This indicator shows that 72% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Short Positions:
Given all these factors, we may regard a scenario of the breakdown of the support, which will be a great bearish signal. The drop must be abrupt and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
Approximately 100-110 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDJPY SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. An increaased negative delta confirms that sellers were dominating the market.
Volume Zones:
The volume during the drop was evenly spread throughout the move, so that we can't allocate any new volume level or zone.
Sentiment:
This indicator shows that 80% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown movement.
Profit Potential:
Approximately 80-90 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
"Kill Zone" This is just a preview of what's coming--Must Read!I have spent quite some time talking about the "kill zone" and there is a reason. This date was identified by legendary market timer Woody Dorsey, who happens to be my partner. Why is it important? Because the last one that was identified was in September 2018 and it took the markets 2 weeks of grinder higher and every dip being bid back up before it finally hit. The spx dropped 600 points and almost everybody was caught flat footed and watched their portfolios shrink drastically.
The beauty of the stock market when we get these massive swings in both directions (our subscribers got long at 2368 after being short from above 2900 (not a typo) you can make money in both directions. The ones who lose are the perma bears/bulls. Sentiment will give us clues about short term tops/bottoms, but the predictive analytics model sets up these massive swing trades. I just updated our free video report which you can watch in the link below. It shows you what we see going on now and in the time heading into the kill zone. G
SPX, The Beginning Of The End? Morning Notes 05/07/19Morning Notes 05/07/19 Gary Dean
Trading Environment-Short Term: Current Environment-Neutral/Bearish
Hi Everyone,
The 2942 short entry is still solid with some downside targets already hit. Manage trades with stop and if we continue lower, 2860 bull/bear line should be a magnet.
Futures are under some selling pressure this morning and the range is getting larger and larger if one was trying to give a trade long/short some room. For the bears, a break above 2948 would be the stop line and for the bulls, a break below 2898 would be the stop line. That is a big spread for someone trying to conservatively manage a trade.
Unfortunately, we are still in no man's land here, meaning a break either way would fit a profile. Let me explain. Yesterday could very well have been an ABC move down wave 4 and we are in the process of the wave 5 up to test/break the previous highs. This mornings move down could be part of the wave 5 with this being wave (2) down. Not to get too Elliott Wave Geeky, but each larger wave will form 5 waves. So this morning would be the minor wave (2) down and wave (3) would be on deck-and then (4) and (5) of 5. These are minor waves, so they are not as powerful as the larger wave structures.
Now for the bearish count, yesterday's lows could have been a larger wave A down and we completed wave B up yesterday and are now starting wave C down. I continue to label them as ABC's because we have time before the "Kill Zone" hits and this drop should find support at 2810-2750-ish if we continue down and then another face ripping short covering rally into the "Kill Zone" would bring us right into the time period that traps all of the bulls and we have an October style move lower. So what does this all mean? Stay open minded here and don't fall in love with either side. I prefer lower first, but Mr. Market can care less what I prefer-so up or down fits and when that happens, stay neutral and don't get aggressive. Manage any open trades and be patient. When we get closer towards the "Kill Zone" time period, that is when the Predictive Analytics Model will be bearish on all time frames.
The range SPX range for today is 2928 high and 2913 low.(gap numbers) A break of 2928 the spx should try for 2937/2942. A push below 2913 we could see 2898/2892 or lower. G
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Trading Environment-Short Term: Current Environment-Neutral/Bearish
SPX CASH 60 minute technicals
Stochastics: Neutral
Divergences- Small Bullish Divergences
Resistance Levels: R1-2928 R2-2937 R3 2942
Support Levels: S1-2913 S2-2898 S3 2882
Trending Pivots: Neutral
GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The price showed a sharp and huge growth supported by the large volume, which is a great indicator of a strength of the movement. Moreover, the large positive delta implies that buyers were dominating the market.
Volume Zones:
We need to allocated an important level of resistance 1.3137-1.3167, which contains the large volume.
Sentiment:
This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Long Positions:
Given that the resistance level contains the large volume, we may consider long positions only after the keen breakout of this mark. Besides it, the surge must be supported by the large volume, which will insure us against a fake breakout. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 150 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price demonstrated a huge drop supported by large institutional volume and on the large negative delta, which implies that sellers were dominating the market.
Volume Zones:
We need to allocate the level of support/lower limit of the local consolidation 1267.55, which contains the large volume.
Sentiment:
This indicator shows that 57% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
d.radikal.ru
Consider Short Positions:
Given all these factors, we may consider a scenario of further fall and a breakdown of the support level, which will allow us to open sales. The sink of the price must be keen and supported by the large volume, in order to insure us against a fake move. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDWTI SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
After an upward correction, the price has already resumed falling. The drop was supported by the large volume and on the large negative delta, which means that exactly sellers pushed the price down.
Volume Zones:
We need to point out the level of support/local minimum 62.60, which contains an increased volume.
Consider Short Positions:
Given all these factors, we may consider a scenario of a breakdown of the support level, which will enable us to open short positions. The sink must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 160 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous level of resistance. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Moreover, the large positive delta means that the smart money were dominating the market.
Volume Zones:
We need to allocate an important level of resistance 1.3022, which contains the large volume. So we might admit that institutional players enterted the market.
Sentiment:
This indicator shows that 82% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may regard a scenario of opening long positions. However, we may enter the market only after the continuation of ghe growth of the price. The move must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the new support.
Profit Potential:
More than 140 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GOLD: Preparation for the week! Looks very BULLISH!OpportunityHey tradomaniacs,
welcome to the weekly outlook of GOLD.
Overall we still see a correction between two very important price-levels.
We can consider that the market does continue the rally unless the stock-market climbs aswell.
Sentiment:
What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low.
This almost flat-type-correction in form of a falling wedge which retraced almost 38,2% of the impulse is actually a joke compared the price-run of indicies such as SPX500.
But still... we see very low volume and probably a fake-rally.
Anything else I want to say is shown in the chart!
What do you think will happen?
Have a great start into the week! :-)
-----------------------------------------------------------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Approaching Record Bearishness LONG BTCUSDWhile price hasn't changed over the last couple of weeks, the optimism behind Bitcoin has all but faded away. Its about 62% Short vs 38% Long right now, very close to a record according to the data provided here. While many people were looking for a price capitulation event, I think this might be more of a psychological capitulation event. I still think the price is about to pump and I prefer to go against the crowd on this one and hope we get a short squeeze for the record books. GL Longs.
EURUSD SHORT on Order Flow - Follow the smart money! Bearish Signal:
Despite the upward correction of the price yesterday, there is a strong local downtrend with the Euro + the price did not grow up sharply and is still located near the new support level.
Volume Zones:
It is necessary to point out the new level of support 1.1121, which was created yesterday and pushed the price up. The increased volume is concentrated within it, so that we may assume that some institutional players tried to turn the move up.
Sentiment:
This indicator shows that 89% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
c.radikal.ru
Consider Short Positions:
Given all these factors, we may regard a scenario of the breakdown of the support level, which will allow us to open short positions. The drop must be keen and supported by the large volume, which will insure us against a fake breakdown. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDCAD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair demonstrated a keen growth and broke out the resistance level, which is a great bullish signal. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Furthermore, the large positive delta means that buyers were dominating the market.
Volume Zones:
We need to point out the important level of resistance 1.3515. The large volume is concentrated within this range.
Sentiment:
This indicator shows that 96% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
a.radikal.ru
Consider Long Positions:
Given all these factors, we may consider a scenario of the breakout of the resistance, which will be a strong bullish signal. The surge must be sharp and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The pair tested the resistance level and then showed a huge drop supported by large institutional volume, so we may admit that exactly the smart money pushed the price down. Moreover, the movement was supported by the large negative delta, which means that sellers were prevailing the market.
Volume Zones:
We need to allocated the volume level of resistance 1.2960, which has already been tested, that enhances it's importance.
Sentiment:
This indicator shows that 87% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
b.radikal.ru
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 120 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
Price demonstrated a huge drop supported by large institutional volume and broke through the previous support level, which is a great bearish signal. Moreover, the large negative delta only enhances this signal.
Volume Zones:
The further move was stopped by the formation of the new support level 1.1197. It contains the large volume, but the price did not show any sharp rebound.
Sentiment:
This indicator shows that 82% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may consider a breakdown of the new support, which will allow us to open short positions. The breakdown movement must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
USDWTI LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous resistance. The move was on the large volume, so that we may assume that the smart money pushed the price up. Moreover, the large positive delta means that buyers were prevailing the market.
Volume Zones:
We need to point out the new level of support 65.35, which contains the large volume. So institutional players opened their positions in this area.
Sentiment:
This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may regard exceptionally long positions. We may enter the market after a smooth downward correction of the price, which will be a more profitable entry point. A stop loss may be placed below the new support level.
Profit Potential:
More than 150 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
XAUUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price has resumed falling and now is testing the level of support. Besides it, there is a strong local downtrend.
Volume Zones:
We need to point out a strong level of support 1274.00, which contains the large volume. So that, we may assume that the smart money has their positions in this area.
Sentiment:
This indicator shows that 67% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may consider a breakdown of this mark, which will allow us to open short positions. A drop of the price must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 150+ pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD SHORT on Order Flow - Follow the smart money! Good Bearish Signal:
The price corrected upwards, but is still quite far away from the resistance level, so that it is still unprofitable to enter the market now. However, given the previous sharp drop, we still may prefer a scenario of opening sales.
Volume Zones:
It is necessary to point out the level of resistance 1.1266 – 1.1276. The large volume is concentrated inside this area, therefore we may assume that the smart money has positions in it, which enhances its importance.
Sentiment:
This indicator shows that 76% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may consider short positions. We may enter the market after a farther smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The price demonstrated an abrupt sink supported by the large volume, which means that the smart money were pushing the price down. The large negative delta only enhances this signal.
Volume Zones:
We need to point out the strong level of support 1.2980, which contains the large volume. It means that institutional players have positions in this area.
Sentiment:
This indicator shows that 81% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we may consider a scenario of a breakdown of the support level, which will allow us to open short positions. The drop must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed above the breakdown volume bar.
Profit Potential:
More than 120 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal:
The pair demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta indicates that dellsers were dominating the market.
Volume Zones:
The new level of resistance 1.1266 – 1.1276 was created during this drop, which contains large market participants volume.
Sentiment:
This indicator shows that 78% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Short Positions:
Given all these factors, we should consider exceptionally short positions. We may enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance.
Profit Potential:
More than 100 pips.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
AUDUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal:
The pair showed a sharp growth and broke out the previous resistance level, which is a great bullish signal. The movement was supported by the large volume and positive delta, which means that institutional buyers were dominating the market.
Volume Zones:
We need to allocated an important level of resistance 0.7002, which stopped the farther rise of the pair. It contains the large volume.
Sentiment:
This indicator shows that 79% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd").
imagizer.imageshack.com
Consider Long Positions:
Given all these factors, we may reckon a scenario of the breakout of the resistance, which will allow us to open long positions. The growth must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss may be placed below the breakout volume bar.
Profit Potential:
More than 80 points.
To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -