Sublime_Trading

Sublime_Trading

The S&P 500 broke above the previous all-time high at $3950 this week but has since declined back down below this level. This is proving to be a strong level of resistance, and if you couple this with the $4000 round number above, then we have a strong hurdle which price may have difficulty breaking through. The overall trend remains bullish, and the 20 & 50...

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Oil has come a long way from the 100% decline we witnessed in 2020 where price came close to hitting the $0.00 mark. We have seen price climb above $65 since that time and continues to look strong on the daily timeframe (not shown) where we see a pattern of higher highs and higher lows. Price is above the weekly 200 simple moving average and the daily 200 simple...

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The S&P is showing good progress so far today and if price remains the way it is or moves higher then this will confirm a continuation of the trend. February and the first few days of March proved to be a difficult time for investors as many stocks went on a decline but this was short-lived as price found support levels to bounce off. The Dow Jones led the way...

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Gold was making good progress in July and August 2020 after breaking above what was then the all-time high at $1920. It was after hitting the $2000 major round number that we saw a change in the behaviour of price. By September 2020, price not only moved back below $2000 but also back inside the consolidation zone. Despite this, there was support below price from...

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The S&P 500 is still in a long-term uptrend which has been in play since March 2009 and currently approaching a major resistance level in the form of the $4000 round number. The momentum has started to slow down slightly as we are seeing a mini consolidation in play. Just below price we have the 50 simple moving average and price has been hovering around...

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It has been a while since we have posted a forex pair as this market has not been presenting long-term opportunities but there does appear to be some positive moves taking place in some pairs including the AUDJPY. Price is now trading above last year’s high at 79.79 following the trend that formed after price found support at the 60.00 round number. A neat...

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Gold has experienced turbulence after trying to trend above the $2000 round number in August 2020. All appeared fine at first but price soon started to decline and has since formed an area of consolidation between $1764 and $2075 which is the current all-time high. Price dipped below the daily 200 simple moving average in November 2020 but quickly moved...

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In the previous post on Gold, we could clearly see a reversal at the weekly 50 simple moving average proving this to be a strong level of support. So far this week and price has now moved below the 50sma displaying a bearish candle at the moment but the important thing to note is the closing candle at the end of the week. If price closes above the 50sma again at...

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The US market was closed on Monday due to Presidents Day but closed the previous week on a high making a new all-time high. As this is the first trading day of the week, there is little activity so far but we may see the momentum continue to push price higher this week. Alternatively, the market could pull back towards the 20sma or the 50sma. Just above...

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Just a week ago traders were experiencing high emotions as the markets experienced its regular pullbacks but now price is proving how resilient it is by continuing to create new record highs. Since November 2020 when a previous all-time high was broken at $3588, price had been on a gradual rise using the 20 simple moving average as support but the most recent...

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Gold was looking strong at the start of the year after having bounced off the daily 200 simple moving average in December. It did appear as though the bullish momentum was going to push price up towards the all-time high at $2075 but the sellers are making this task difficult right now. We have to remember that price is in an area of consolidation so the constant...

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USDTRY has not been shy when it comes to showing off its linear trends as we witnessed staggering growth of 89% in 2018 and 44% in one month alone in August 2018 reaching a high of 7.0831. Price consolidated for 2 years after that and broke out in August 2020 and went on to trend to a high of 8.5777. Price then went on a decline and is currently sitting at a...

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Many would have argued that Bitcoin was never going to exceed the previous all-time high set back in December 2017 just under $20,000 because nobody really expected it to even get that high in the first place. The fact is that price came near $20,000 but then experienced an 85% decline to a low of $3122 a year later in December 2018, so the odds of climbing that...

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Although Gold has not been going anyway for a long period of time, we can see a pattern emerging which could be an early indication of further strength to come. Price has declined to the weekly 50 simple moving average a number of times now and after hitting this level we usually see strong bullish reversals. Although the current bullish candle is not yet...

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Another week and another record set for the S&P 500 which is having a strong 2021 so far. A new president is in the White House and stocks continue to fly as our scanners are signalling plenty of investing opportunities. Since the breakout of the September to November consolidation zone, price has now climbed a healthy 7.4% and still rising. With the 20 simple...

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The S&P started off 2021 with a strong first week of trading and the current trend forming appears linear and strong. We can identify a linear trend as price has just been using the 20 simple moving average as support since the consolidation breakout when price moved above $3588 in November 2020. We also have an indicator called the LTI which is our proprietary...

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Since the beginning of 2020, Gold has been favouring the daily 200 simple moving average as a comfortable level of support. The first contact we can see was in March 2020 which was during the peak of the global pandemic last year. Price created a low at $1451 before returning back above the 200sma. Following the bounce off support, we saw price climb 42% over...

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Gold is acting as expected following its bounce off the weely 50 simple moving average zonal support area. During that period, price did drop below the daily 200 simple moving average and that move could have influenced traders to panic and exit positions prematurely. Looking at the higher timeframe, which in this case is the weekly chart, allows us to look at...