DanteBouzas

DanteBouzas

BTC sold off and is hitting a crucial area. Many buyers of the breakout in DEC20 that kept adding to their positions might be under water. There is a 40% difference between price and the anchored VWAP from the DEC20 breakout. Supply has clearly exceed demand as of today. This is a good thing because now BTC is undervalued. This is an amazing opportunity for...

DanteBouzas

Gold is pushing up against its 200 daily ema at the same time that it is starting to have a bearish crossunder. If it gains momentum to the downside this could push it back down below 1820.

DanteBouzas

I am looking at US Dollar today. It has broken a major trend line going back a year or more. In April of 2018, it broke a major trend line and started a strong push-up. WIll that happen this time? Well, first let's start with a 3 monthly Linear Regression tool. I use 3 months for a trend. Pearson's R value is 0.6955 closer to .50 than it is to .9. This is...

DanteBouzas

There has been a lot of talk of Silver lately. At the moment, Silver is interesting because it has pushed up through the middle of its range and volume has picked up. Follow the flow. It did sell-off after the push through 27.395 but that strong sell-off was stopped above 26.15. I consider 26.15 the value area, above it, we are above value and below it, we are...

DanteBouzas

Every time the ROC of the S&P 500 volatility peaked to over 40-50, there has been a bounce in the S&P500. If this is an episodic and no trending volatility spike then as soon as it starts to drop during the session makes the probability higher for a bounce in S&P 500. Watch for the volatility today to give a clue about what may happen. the 30 min ES chart has a...

DanteBouzas

Without a doubt, the trend on the S&P 500 has been bullish. Will this momentum continue and will it breakout the 3850s today? A bullish crossover in MACD and Relative Strength now pushing above 50 indicate the probabilities are in our favor. Fibonacci extensions suggest an upward target of around 3884. That is a nice 1.5R on one lot. The volume will show us...

DanteBouzas

Last week's COT Report printed a non-commercial net positioning of 9995. 15414 positions were added to the long side and just 725 positions added to the short side. There has not been this many positions added to the long side in 4 weeks. I am curious to see as to where this leads us as technicals lean more to the sell-side and weather is indicating colder weather...

DanteBouzas

COT reports show a net short of -4693 last week. Was there was some profit-taking last week? If there was, this structure could be a good place to revist sometime in the near future. This week started with a breakout. There are some key signs that confirm yesterday's breakout from the last week's profit-taking range. 1. a breakout from a trendline that goes back...

DanteBouzas

There was a perfect setup going into the cash open on S&P 500 this morning with an excellent RRR. Once the price on the CD wave breaks the AB high, I checked my Magic Bars for yellow indicating a strong move and entered my first position. As long as MACD momentum was positive and RSI was above 50, the price vector was in my favor. So when the price dipped back to...

DanteBouzas

I found this bounce odd. I see this kind of pattern all the time. Price comes back to the London trading session just for touch and then shoots back up. Any thoughts?

DanteBouzas

Looks like we bounced off that Breakout area from Aug 03 where Volume spiked and price surged. the Fibonacci retracement is between 3.100 and 3.200, this might be a potential spot for a reversal back down to test lows or further. There is still downside risk. If it breaks this area there's a good chance we could go for the highs again.

DanteBouzas

Can we push through the 3306-3310 level. If we cant, I'm looking at 3270s for a scalp able intra-day bounce. If we do, maybe we can buy some dips and ride the momentum up to 3331. This is an important moment for the market because if we break through we may find the money to move higher. If we don't push through and close above I can see this failure being...

DanteBouzas

Emrys Investments Market Magicians 2020

DanteBouzas

At this point it looks like we couldn't get back above the gap to test 24 JAN's overnight halfback short frame position. Monday's low is tested we got 20 DEC's halfback to look at if there are any buyers. I marked this area as new money entering the market. We can see if positions are defended. If they defend their positions or we don't test it we could be looking...

DanteBouzas

Intraday longs. Careful with positions being closed on Fridays. New halfback is 3314

DanteBouzas

As of right now were headed for the 16JAN20s POC. Can we see that selling pressure absorbed? Where will the new money come in to push us up the 65s?

DanteBouzas

buying dips intra day 👍 target still is 3365s or so. Can we get 1 more push up? Weekly is negative - undecided. any breakdowns or news.....WATCH OUT!

DanteBouzas

Lots of data pointing to the 3365s as a possible target. Looking for initiative buying or responsive buying at cash open for intra-day long positions with a longer term view to the short side. Correction possible as we are complete wave #5. So let's what happens.