Sublime_Trading

28:04

Sublime_Trading

I will look at the 3.5% move up on the S&P 500 by the end of trading on Wednesday and what this means for the rest of 2022.

34:07

Sublime_Trading

A catch up on market conditions followed by a Q&A.

59:01

Sublime_Trading

We start with analysis of the S&P 500 to establish current market conditions. I follow this with the UK and US stocks on my watchlist.

Sublime_Trading

The GBPUSD made record lows in September this year. Price declined to a new all-time low at 1.0356 as it passed the low of February 1985 which was at 1.0520. The British pound has strengthened since then, rising up 16%. And in doing so it has moved back into the long-term consolidation zone. Within consolidation, price is currently around the 1.2000 round number...

Sublime_Trading

The EURUSD went on a 25% decline in 2014 through to 2015. WIth such a steap drop in only a matter of months, it was only natural that price would fall into a long period of consolidation. The consolidation period lasted much longer than anticipated. It lasted for 7 years and we eventually saw price break through the consolidation support in July this year. Price...

37:05

Sublime_Trading

On my first live stream, I will breakdown how we use the S&P 500 to establish market conditions followed by the stocks on my watchlist. The markets are setting up for the next bull run so this is a must for serious stock investors.

Sublime_Trading

After a 9-month waiting period, McDonald’s has finally created new all-time highs. The previous all-time high was back in January this year at $271. Following that, price then went into a range between $217 and $271 and managed to pick up enough momentum this past week to force a breakout from consolidation. Our task now is to confirm whether this is a fake...

Sublime_Trading

The Dow Jones is leading the way for the three US indices by being the first to recently break and close above the daily 200 simple moving average. There was a previous break and close above the 200 simple moving average back in August this year but this proved to be a fake breakout. Only to see price decline by 16%. This recent move up has been more impulsive...

Sublime_Trading

The USDJPY is now up 18% since breaking out from the major resistance at 125.85 from the June 2015 high. In the recent post for the USDJPY, price was up 11%, so it has seen good growth since then. The move is no surprise as price broke out from long-term consolidation, lasting almost 7 years. Following this strong current move, we can expect another period of...

Sublime_Trading

The S&P 500 is at a major point because it is currently being held up by the 200 simple moving average, which, if it fails as support, could see price freefall forming a bear market. Back in March 2020, price breached the 200 simple moving average, but its time below this indicator was short-lived as we saw a quick return back above the 200 smiple moving...

Sublime_Trading

The Forex market has come alive after many years of very little activity. One pair in particular that stands out is the GBPUSD. Following the long-term consolidation, between 1.1409 and 1.4376, which held price at bay from October 2016 until this month, price has taken a sudden dive through support. Price reached historic lows this month, creating a low at...

Sublime_Trading

The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022 and the buyers are looking strong for September so far. Price was previously in consolidation between January 2017 and June 2022 and when price consolidates for lengthy periods of time such as this, we can expect strong moves in the direction of the breakout like we see at...

Sublime_Trading

The USDJPY is now up another 1% since the previous post, taking it to 11% from the breakout which occurred on Apr 11, 2022. We see a clear pattern of higher highs and higher lows, indicating that a bullish trend is in play and as long as this pattern continues, we are likely to see further moves to the upside. There are previous highs above price but we can...

Sublime_Trading

The Dollar Index bounced off the support level from the May 13th high a second time on August 10th at $105. Since the start of the year, price has been making a consistent pattern of higher highs and higher lows, and this most recent pullback appears to be following this same pattern. We need to see now that the buyers continue to push price skywards and...

Sublime_Trading

As expected, the S&P 500 has reacted to the daily 200 simple moving average which is acting as resistance. Basic indicators such as the moving average can tell us before the fact where price may struggle and potentially reverse. This move is not a reversal at the moment, a barrier has been formed, and it will just take the buyers a bit more effort to break above...

Sublime_Trading

The S&P 500 is currently deciding which direction to head next now that it has come back up to a previous support level which is acting as resistance. Price moved back above the $4000 round number on July 27th with strong bullish moves, but price has now slowed down at resistance at $4114. If this level is cleared, the next level of resistance is the 200 simple...

Sublime_Trading

The Dollar Index is a slow creeper and could prove to be a strong mover over the next few months as it is forming a consistent pattern of higher highs and higher lows. We saw a strong move to the upside on July 5th and price continued to move up until July 14th which is where price started to pull back. Price moved down to a cluster of support consisting of the...

Sublime_Trading

Last month, the S&P 500 bounced off a significant support level in the form of last year’s low at $3662, and this support has held strong ever since. This month’s candle is looking healthy and bullish following that strong bounce, and we now want to see this bullish momentum continue. The $4000 round number is a psychological level of resistance and could...