Mike_SnD

Mike_SnD

Good Day We have been tracking bullishness on stock indices closely since September of 2024. Herewith profits levels on the JSE Top 40 based on yearly pivots. Should we hit 96200 this year ill close down this position entirely, after take profit 1 should it be taken, trail stops will be implemented, Once take profit 2 has been taken stop will be moved to take...

Mike_SnD Updated 

💥 GBPUSD is flashing strong SELL signals! 💥 📊 This week, the pair has shown clear signs of weakness, with momentum favoring the downside. Any sharp pullbacks could offer prime SELL opportunities. The market is positioning itself for what could be a significant move lower, so stay alert for the next bearish wave! 🔻 🚨 Trendline Traders, Beware! 🚨 If you're only...

Mike_SnD

We have been riding the wave of good fortune on the stock indices since posted that will be looking to buy the NAS100 come October. There could be a very nice long-term entry in April (buy the Dip) to be discussed going forward. At the moment it's all bullish momentum on US Indices. COT index Suggest they are nowhere close to start taking profits, I expect that...

Mike_SnD

Good Day Fellow Traders We have seen that the Dollar has stopped trending at 110 area as market on the chart as a weekly level of resistance, with thus we have closely been tracking the cot index which indicates that a correction is due, although there has not been much action of impulsive move down, we do expect at least a 3-wave pullback down to the 105 area,...

Mike_SnD

The Dollar Index (DXY) has reached a key weekly resistance zone around 110.26, as shown in the chart. Here's a breakdown of the technical analysis: Resistance at 110.26: This level has acted as a critical barrier, causing the current pullback. The index has struggled to sustain momentum above this zone, indicating potential exhaustion for bulls. Trend Reversal...

Mike_SnD

From the recent Commitment of Traders (COT) data, it's evident that the Dollar Index (DXY) has shown significant bullish sentiment in prior weeks. However, as we approach a key resistance zone, there's been a notable shift in the COT index. This drastic change raises the question: what could be driving this potential reversal? One major event looming on the...

Mike_SnD

The S&P 500 has been on a stellar rally this year, rewarding long-term investors who bought and held through market turbulence. However, the current technical and macroeconomic setup suggests a possible correction could be on the horizon. Here’s how to approach it strategically. 🛠️ Technical Analysis from the Chart: 1️⃣ **Resistance Zone (6025-6050):** -...

Mike_SnD

Looking at historical events, Specially heading into 2025 as a year where we could see sharp declines in the stock market as rebalancing commences early in 2025. The US dollar has enjoyed a lot of support over the last couple of months. and could still enjoy more, but as a long term investor and position trader im not interested in buying USD at these levels as...

Mike_SnD

💥 Get ready for a potential massive move on USDCAD! 💥 📊 This week, USDCAD printed a fresh IFVG (Inefficiency Fair Value Gap), signaling a trend reversal. What does this mean? Buckle up, because I believe we could be headed for 1.5400 📈 in the coming months, with a relatively equal high target at 1.4800. Any sudden dips in USDCAD are golden BUY opportunities! 🔥 💡...

Mike_SnD Updated 

Pair: GBP/JPY Timeframe: Daily Current Price: 191.240 JPY Active Trade: Entry Point: Long entry around 181.337 JPY, triggered based on strong bullish reversal signals. Stop Loss: 178.109 JPY (below the support zone). Take Profit: TP1: 191.000 JPY (near the current price level) – TP1 has been reached. TP2: 195.768 JPY (previous support turned...

Mike_SnD Updated 

Hey traders! Let's break down what's happening with EUR/USD using the latest COT data, seasonality, and technical analysis. We’re seeing a mix of signals, with bearish short-term pressures but potential long-term opportunities. Let’s dive in! 🔍 📊 COT Report Breakdown (As of August 27, 2024) 📊 Commercials: Big increase in shorts (+47,576), signaling bearish...

Mike_SnD Updated 

Market Overview: As we enter September, the U.S. Dollar Index (DXY) is positioned at a critical juncture. After experiencing a significant decline throughout the summer, the index found support in the discount zone around 100.000 to 102.000. This zone has historically provided a strong base for potential rebounds, but the broader bearish trend remains a key factor...

Mike_SnD

Hey traders! Let’s dive into gold's outlook from both a speculative and long-term perspective. Based on the latest COT report, seasonality trends, and technical analysis, here’s what we’re seeing: 🔍 COT Data Insights (As of August 27, 2024) 🔍 Commercials: Increased short positions (+4,683) while reducing longs (-1,130), signaling a potential bearish outlook...

Mike_SnD

Overview: The S&P 500 is showing a potential bearish setup over the next 3-4 weeks based on fundamental economic data, seasonal trends, and market positioning. Combined with technical analysis, this trade plan outlines a short bias, with key profit targets at significant market levels. Fundamentals: Several key factors suggest potential downward pressure...

Mike_SnD

Overview: Renegen Limited has recently made headlines by successfully bringing its liquid helium (LHe) production train online at the Virginia Gas Project in South Africa. This is a significant milestone, positioning the country among a select few capable of producing liquid helium for the global market. With the Phase 1 plant now fully operational and...

Mike_SnD

Remember the wild rollercoaster that was GameStop (GME) back in 2021? Well, buckle up because this epic saga is still unfolding, and the thrills aren't over yet! From meme stock mania to where we are today, GME continues to surprise and entertain. Here’s the latest on everyone’s favorite stock market drama. 🕹️ Key Levels and Where We Stand: 🏔️ Premium Zone...

Mike_SnD Updated 

Seasonal Outlook 🌦️ June has historically been a challenging month for silver. Seasonality analysis suggests that silver often experiences weakness during this period. Various factors, including market liquidity, investor behavior, and macroeconomic conditions, contribute to this trend. As we enter June, these seasonal patterns may play a significant role in...

Mike_SnD Updated 

Today, I entered a long position on the S&P 500. The reason? We hit the take profit target earlier this week, which justifies a counter-trend trade back to the weekly central pivot. Timing is key, and with this setup, the potential for a strong move back to the pivot makes it a solid opportunity. Let’s see how this plays out! Stay tuned for more updates and...