Free multi-assets trading analysis $SPX $DAX $DXYThis is a free gift for incoming Holidays! There has been a shift in trend for most of the assets want to make sure you are on the right side of it $NASDAQ $DXY $EURUSD
Tradinganalysis
16/12/2020 #NDX $NDX Bullish Yes But OverextendedAnother strong up yesterday. But on a bigger picture, price is just consolidating.
My bias zone at 12468.1-75.3. Possible bounce at this zone. 12508 and 12536.6 should possibly trade today (counter-trend). Looking for possible short to this level. Above R are 12624.7 and 12656.4 with 12723.4 possibly capping high of day.
Below 12468.1, lower levels are 12415.8-12422.9 (support zone) and 12350 should cap low of day. Below that 12285 is another level of support.
Update!!! EURAUD 1H Alt Bat patternUpdate!!!
EURAUD 1H Alt Bat pattern
Buy@ TP 1=1.62280 TP 2=1.63015
SL=1.60710
07/12/2020 #NDX #NQ_F Still ResilientMade new highs yesterday and price is getting accepted at a higher price. Though I did tweet that yesterday's upmove is likely a fake, still looking for rejection off my zone to go short.
My bias zone at 12560-69 and we are above it. 12605 and 12646 are the resistance above and 12669 should cap high of day. Though above is 12698. I will possibly be looking for a short off 12605.
Below 12560, look for shorts to target support zone 12509-19 and 12481.8. 12409-25 should cap low of day.
07/12/2020 #FTSE $FTSE StrongTrend(Daily/Weekly/Monthly): Up/Up/Up
Depsite the selling in US futures, #FTSE remain resilient. But as the heading says, price is overextended. A pullback before further up is healthy. I will be looking at 6495-6507 and 6583-93 these 2 zones today.
Possible scenarios:
1) Price opens in RTH, rally to 6583-93 and fail, goes down to 6495-507. Watch for reaction.
2) Price opens in RTH, dips to 6537, get supported and rally. 6583-93 can still fail but probably less likely.
Support and resistance levels are indicated on the charts. Watch reaction around the levels and trade accordingly
07/12/2020 #FDAX #DAX30 Weak as it isTrend based on my system: Daily/Weekly/Monthly - Mixed/Mixed/Up
As mentioned on Friday, it is now the weakest indices. If you are a trendfollower, you are probably better off going long US indices, and if you want to short any indices, #DAX30 should be a suitable candidate.
If you believe in mean reversion, then it's a different thing.
My bias zone is 13287-13302.7. Above 13302.7, resistance are 13339 and 13377 should cap high of day. Personally, I won't want to be long today above 13302.7. Below 13287, target 13225, 13167, 13147 and 13115-23. In the event of stronger sell, 13040 should cap low of day.
07/12/2020 #NDX Up But Downside Risk ExistBased on my system, trend (Daily/Weekly/Monthly): Up/Up/Up
Price is over-extended, similar to #SPX. Expect a pullback, before further up.
Bullish only above 12557, targeting 12586, 12635 and 12669 should cap high of day, if there is no news.
Below 12531, looking to short, target 12501, 12461-63 (strong support). If it breaks, looks for further downside to 12413, 12375-83 and 12355. 12271 should cap low of day. If you just want 1 low risk buy level for going long, 12355 should be a good price to.
07/12/2020 #SPX500 Bullish bullish bullishWhat's new? Nothing matters as long as liquidity is there
But price is over-extended (nothing new too) and market structure is weak.
Thus my blue bias zone is not low but high.
Bullish above 3706. Targeting 3720, 3729 and 3740.1 should cap high of day. 3761 is a super strong higher level R.
Below 3697 be cautiously bullish, targeting 3687-89. If zone breaks, 3677, 3662.7, 3652.3-54, 3637.5 are the levels below. 3630 should cap low of day and below 3624 is another support.
If you don't want to short, just go long as any of the support zones. 3677 should be the stronger one.
04/12/2020 #DAX Most bearish indexBased on my system, #FDAX is now the weakest index compared to #FTSE #SPX #NDX #DJIA.
Pointing to more downside. Trend wise (Daily/Weekly/Monthly) is Down, Mixed, Up respectively.
Below blue zone at 13235, look for break of 13199 for 13145, 13103 and 13035 to trade. 13035 should cap low of day, though with further selling we could see 13000 and 12930.
Above 13255, be cautiously bullish, targeting 13287 (strong R) and 13357. 13383 should cap high of day.
02/12/2020 #NDX Up move continues#NDX made ATH yesterday and came down. Difficult to call the tops. What I see we need to get higher and have a sharp rejection before we can have a change of trend, meaningful correction.
Price now 12441 within blue zone. If above, resistance are at 12545. 12631 should cap high of move, giving a low risk sell level.
Below 12431, look to sell to 12341-47 and 12221-31. Both are strong support zones and should offer a bounce. 12147 should cap low of day.
26/11/2020 #EURUSD At Resistance, Possible PullbackPossible pullback to 1.1887-95 before further up. Will watch for reaction at that level for entry.
Upper resistance we have 1.19080(now support), 1.1934 (is a strong resistance zone so rejection is a shorting opportunity). I expect 1.1961 to cap high of day as it is a strong resistance zone, if not we have 1.1981 above.
Below, if 1.1887 breaks, support are at 1.1854-63, 1.1841 and 1.182 should cap low of day.
26/11/2020 #gold Consolidating, for a Possible next downYesterday was quite a quiet day for gold, my trade plan nailed the top ()
Today is holidays so expect another quiet day.
Based on price action, I am looking at a possible higher move before a strong sell.
My bias zone is at 1823.25-24.95 and 1816.3-17.19 is the location for a pullback below further down.
Below targets are 1800.35, 1793.027, 1781-84.37; this support zone should cap low of day. Lower support will be 1774.7.
Above 1824.95, resistance are 1827.63 and 1832.19 should cap high of day. Higher level will be 1843.45.
25/11/2020 #SPX We are going to Pluto!Upmove continues, thus I shall stop my bearish view (on Twitter). My view means nothing, just follow my trade plan and you will do fine.
Based on price action, I do expect a re-tests of 3616 and even 3588. That is only healthy. But market doesn't care so blindly buying is the good thing to do.
My bias zone is at 3638-41.2. Above R are 3664, 3673-77 (strong R and ATH) and 3686. With another vaccine news, we might see 3722 but well, just saying.
Below 3638, I will look to short to 3616-22, 3600.6, 3590.2, 3582. In the event of a strong sell, we might see 3560. Yea, wishful thinking.
I may take scalps along the way today, but nothing major till 3638-41.2 trades.
24/11/2020 #NDX Continue to be weakRotation continues with #NDX below 12060-80 my key level, while #RUT continue to shine. Not sure when is the next rotation back but probably shorting #NDX is the safer short to do now.
My blue bias zone at 11910-22 strong level.
Bullish above, with resistance at 11940, 12018, 12068, 12110. If price hits 12210-20, it should offer low risk sell evel. 12068 will be my level to watch for a gd short.
Below 11910, support are at 11890, 11854, 11816-24, 1178, 11726, 11686 and 11660. 11634 will offer low risk buy level.
IMO, I am quite neutral based on price action. This week is a short week, well supposed to be bullish but well anything can happen.
USDCHD LONGUSDCHF- We believe that it will retest the area of 0.91700 then it will go down again towards the area of 0.90300. After that it will reject and raise approximately 300 pips.
If next week it breaks the 0.91700 area then it will go up directly without retesting.
20/11/2020 #NDX Bulls with Slight UpperhandRotation seems to be the workings these days. We have divergence between #NDX and #SPX, one day #NDX is strong, one day #SPX is strong. Why does it not rally together? Lack of money in the market?
With yesterday's closing, bulls seem to be more in charge. 11920-32 is my blue bias zone for today and price just bounced off it and is above. I still have the longer term downside bias below 12080 but as my heading says, bulls has an upper hand.
If 12050/80 trade, bears will really need a strong rejection and it might signal an end of the bulls. If not 12126 is above. 12248 will likely cap high of day, signifying low risk sell level.
Below the blue zone, I will expect stronger selling to happen. Below targets are 11902, 11860, 11828, 11796, 11734. 11702 should cap low of day. 11656 is provded just for reference.
18/11/2020 #DAX30 Pretty strong but pullback is healthyYesterday was a ranging day, hitting the highs and lows but trapping both buyers and sellers. But I would say #DAX30 is probably stronger compared to #NDX #SPX #FTSE. Price above my support zone so bias is to the upside but with the consolidation either way is possible. Price is probably preparing for a big move.
Bias to the upside above 13130, targeting 13190, 13238, 13310. 13412 if hit, should cap high of day.
If 13090 breaks, looks for 13072 as 1st support, with below targets as 13000-14, 12940-52. 12860 will be a good level to look for longs.
18/11/2020 #NDX #NQ_F Same Bearish Plan but Bears need to takeitYesterday's 12060-82 sell from open provide the best trade. And multiple shorts off 12060 gave good profits. Now we are lower, but #SPX #ES_F is not. Same plan for today, be bearish below my blue zone. But sell needs to come soon if not the bears have to go into hibernataion.
Down side targets are 12012 (now resistance), 11948, 11922-32, 11877.6-84, 11804-16, 11704. If 11632 trade today, it should offer a bounce. Upside targets above 12082 are 12140 and 12190 should cap high of day
18/11/2020 #SPX #ES_F Bull Bear fight continuesSellers failed to bring #SPX lower yesterday. It is approaching a critical level but bulls has advantage because monthly, weekly trend is up. Sell has to come sooner than later. If not, it is just a bull flag forming.
My blue zone is 3607.2-10.6. I have shorted on break of this, below targets are 3588-92 support (yesterday's low), 3566, 3542 and 3522 should cap low of day. Lower level of importance is 3510.
Above 3610.6, 3632, 3656 can trade while news can bring it up to 3670.6-73.6 which should cap high of day.
17/11/2020 #NDX Be bearish till it doesn't workIn my other plan for #SPX and in my tweet, I said that as long as #NDX 12080 holds, downside risk for #SPX #RUT #DJIA still exist.
Yesterday I made many shorts off 12060-80. Will be same plan for today.
To be clear, it is 3 indices bullish (#SPX #RUT #DJIA) vs 1 index (#NDX) which is not. I would say that each of my green levels are more of supports with possible bounces so definitely need to be nimble.
Below 12082, bearish bias, targeting 11994, 11964, 11914-22, 11870, 11782. If 11702 trades, it should offer a low risk buy level.
Above 12082, be long, targets are 12126, 12205.2. 12336 should cap high of day. But I provided 12408 as a higher level for reference.
17/11/2020 #SPX #ES_F Be bullish, just don't be the last buyerIt is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters?
My plan yesterday was titled #SPX bullish for now.
This is in view of the 3510 level which I said need to break, which hasn't. But if you didn't follow me on Twitter, I said that downside risk for all indices #SPX #DJIA #RUT exist as long as #NDX 12080 not broken. Do note this
Today we started off with a gap up but now is coming down. #NDX went above 12080 but fail (look above and fail). IMO is bearish.
Price has already crossed my blue zone - bearish. Below targets are 3604, 3592, 3574. 3554.8 should cap low of day but if that breaks, 3510 (the important level!) is below.
Above 3625.8, look for longs, targeting 3640, 3652, 3670. 3670 is really a strong R. Expect it to hold. But anyway above it, we have 3701.6
