ChrisPulver

22:03

ChrisPulver

It's as if the markets couldn't wait to open on Monday and continue what they've been doing for 9 of 11 trading days - push higher. S&P +.96% Nasdaq +1.31% Dow +.58% Russell 1.22% For a Monday, it was a pretty directional day. Wed-Fri is when the US news hits (FOMC Minutes, PMI, Jackson Hole, Powell Speech) so let's see if the party bus continues to rock until...

16:08

ChrisPulver

S&P pulled back 78% of the fall Nasdaq pulled back 61% of the fall Dow pulled back 78% of the fall IWM pulled back 50% of the fall Impressive rips for 2 weeks of trading for the "buy the dip" community. This week's direction was steady in futures, and gaps higher in indexes from opening to closing bell. I'm keeping the charts as clean and simple as possible....

23:36

ChrisPulver

Monday - UP Tuesday - UP Wednesday - UP Thursday - UP SPY has put together 2 weeks with 20+ points from low to high eclipsing the averaging 14/15 point average true range for the week - it really is wild stuff!!! I try to make some sense of everything today with an inverse cup & handle pattern on the SPY/SPX/ES levels. I dive into September/October seasonality...

19:39

ChrisPulver

3 straight weeks of setting from mid-July crescendos with a crash August 2. But the "crash" was met with a vicious buying spree that now places the major index 50% of so from the large high to low swing. In this video, I breakdown the technicals and scenarios trying to make some sense of where we could be heading. We are mostly through Q2 earnings. PPI and CPI...

29:47

ChrisPulver

Many traders were looking for answers this week. What just happened? The quick summary is the JPY carry trade was quickly unwinding and as the Nikkei 225 was dumping with the largest 2 day move (EVER) the JPY volatility increased. On top of that, the FED didn't cut rates in July (as expected) and elected to punt to September (with likely 25 bps cut forecasted)....

22:44

ChrisPulver

During Monday's open, I said this is going to be a day for the history books. Volatility expanded nearly 200% on the day (over 300% in a 3 day period), the Nikkei 225 crashed over 12% in a single day and had the largest 2 day decline ever. It leaked into the US markets with a nasty bearish futures run and massive gaps lower. Fortunately Monday's trading didn't...

10:44

ChrisPulver

A quick video to summarize the hours and hours of live sessions I run each and every week. Everybody is scared and nervous when the market is falling because bull market geniuses love to see ATH's every single day :) I see simple wave structure on S&P and Nasdaq. 5th wave completion and a likely ABC or 123 correction. S&P 7-12% correction area, Nasdaq 10-15%...

ChrisPulver

EURAUD has been sliding lower and is testing a major support level at 1.4500. If there is a close below 1.4450, after nearly 12 months of a range, that could open up movement to 1.4000. If support holds, there is a clean trendline break and movement to a recent monthly pivot around 1.5000. Either way, 300-500 pips of movement isn't a bad thing. Let's see how this...

ChrisPulver

EURCAD has been directionless for months. But now it is wedged to the max and we're looking for a breakout. 4 hr or Daily Candles above or below the wedge will confirm direction. Entries will be small on initial breakout and looking to add on re-test of the wedge. 200+ pips in either direction protecting along the way. To see more charts and analysis, visit ...

ChrisPulver

GBPUSD and GBPCHF are setting up very similar inverse H&S Patterns. I am looking for a neckline break and confirmation to BUY. I will protect profits near the July Monthly Pivot at 1.3820 area and again near 1.4000 (psychological support/resistance). Just looking for a little love for the GBP basket and these are great setups. For more charts and analysis like...

ChrisPulver

USDMXN Double Top continues to look better and better. Because the pair is capable of high volatility, I am looking for confirmation and a close below 18.1000. With a center low target and yearly pivot lower, a close below 18.1000 looked postured to run to 17.2000. The measurement is approximately 10,000 pips. For this setup and others, you can visit Daytraders...

ChrisPulver

USDMXN is showing great signs of a double top. The 19.4000 is holding nicely and if price (as of 7/1) can get below 18.0500 and find the June monthly pivot, I'll be looking for a short-term buy to the July monthly pivot, then a clean sell to the center low towards 17.200 or lower. This is a HUGE PIP trade, it is important to know your margins and trade size. More...

ChrisPulver

NZDUSD appears to be setting up a nice H&S pattern on the 4 hr chart. RBNZ's Wheeler and Co. are stressing the high exchange but have yet to take any monetary policy action (not that it is required). NZD pairs continue to stay choppy, but the NZDUSD is a good barometer for the entire basket. If this H&S plays out, we could see NZD weakness across the board. This...

ChrisPulver

My plan was to dominate the AUDNZD this year with a massive weekly H&S pattern. Well, that was spoiled slightly with the leakage lower into the 1.04 level. The pair has gone nowhere for weeks but we are now simply watching for a confirmed breakout either direction. Any SELL breakout we are looking for a re-test of parity 1.00 and anticipating a double bottom. Any...

ChrisPulver

According to the RBNZ, the NZD is too high and too strong. We've heard that song and dance before, but when it happens, it happens quickly. This is a trade that should reflect the movement. There is a monthly pivot 400+ pips away and it has the potential to turn into a larger trend on NZD weakness. I am also watching AUDNZD, NZDUSD, EURNZD closely for a similar...

ChrisPulver

I'm a big fan of price formations on larger time frames. The EURNOK is looking really nice for a 5,000-6,000 pip H&S. I continue to watch the price movements and will look to trade a re-test of the 9.5000-9.6000 right shoulder area (that's to test the waters and perhaps land a great entry). The real confirmation is price closing below 9.2000. You can see the...

ChrisPulver

GBPNZD looks to be making a pretty solid rising wedge. The real short may not come until 2.16 holds or something, but if I have a wedge break. I'll be aggressive protecting profits for a corrective movement. But, 2.10 was a 3 year high that has now been broken. So there could be some buying interest once again and longer-term I'm pretty interested in a weaker NZD...

ChrisPulver

This AUDCAD is a little play on "The Crow" movie quote, "it can't rain all the time" - grammatically skipping the "of" but the AUDCAD has been in this wedge for a LONG TIME. Now if we see price break below 9400, I'll be looking to sell to targets 9170, 9000, and 8600. Price just needs to give us some confirmation.