SviCapital

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In the Globex session the buyers were dominating. The price was grinding up all night. The momentum was picked up by the RTH buyers from the getgo but they failed. The sell side took a turn and dominated the entire RTH session. The sellers showed up at 61.8% of the downside swing. The buyers might have a chance if they continue a grinding up action. But they got...

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There is no strong selling during the RTH session. In fact, it was a very balanced session offering trading opportunities for buyers and sellers. If today's low is not breached we may see an upside move into Friday's range. That would be a sign of buyers stepping in. My anticipation is for the price to balance within the last box. Only breaching it to downside...

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On Friday, the Treasury bonds had a decisive breakout and a convincing move away from the large HVN. The price is heading to $127 target. After that we may see some pullback and potentially a breakout from the mature balance. The investors are looking for safe investments. Usually, if the bonds are moving up the equities do the opposite. 03/24/2019

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XLF is an ETF that tracks the financial sector - one of the largest sectors in S&P. The chart reflects a strong rejection from a major HVN (high value node) as well as the level where the downside conviction had started back in December 2018. The price has closed right at the edge of the large value area. Usually, a bounce is expected. If the level gets accepted...

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The Nasdaq-100 equal weighted index put a strong bearish bar on Friday suggesting a false breakout pattern. From the price action perspective this could lead to a retest of the middle part of the box as a first target and potentially bottom of the box as a second target. As a reminder the index tracks Nasdaq 100 companies equal weighted. It means it reflects the...

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A strong down move initiated from the Globex session found continuation in the RTH. Not often we can see the Globex and the RTH traders agendas in sync. A rejection from the large timeframe resistance suggests that the price discovery is done and the short term top is established. We may see a continuation to the downside to solidify the balance bottom. On the...

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The market made a significant move today driven by a panic buying of beloved FANG stocks and especially the Apple. The Globex session suggested a weak opening especially after yesterday's FOMC move that was completely faded. But the buying from getgo immediately set the tone. In such days it is not easy to get on board. The Algos were in a rush to buy, like there...

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After the FOMC announcement the NQ exploded to upside tagging the next major resistance. After that the sellers managed to fade 50% of that move. This is a typical reaction when the price makes a new high. ES, YM and RTY had less success to sustain that move. The Feds decision impacted the financials and that started to drag the broader market down. The FANG...

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The price trended up during the Globex session and the RTH opened right at the resistance: 7399 gap. Considering the stretched move it was a higher probability for the longs to cover (the overnight repository was 100% long) it was worth to attempt a short setup. That idea worked. The buyers were active at the support and after a lengthy chop they managed to break...

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In the RTH, the buyers were active from getgo not giving a chance to enter long. I’m sure it is annoying for retail traders but this is the current state of the market. Seeing some divergences one need to be careful with longs from aggressive location. I was thinking about a short opportunity and was looking for a failure. The QQQE index that tracks Nasdaq equal...

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Nasdaq equal weighted index hit all time high. The index is helpful to watch. When it hit all time high it presented a short term opportunity in Nasdaq futures (NQ1!). The index is equal weighted, it means no large caps like AMZN, AAPL, and such could skew the real picture. 03/18/2019

SviCapital Updated 

Today's quadruple witching day helped to advance the price across the board and break through recent resistances. Note: the price hit a strong resistance. It could be a short term top of the new balanced area. There is a possibility that we see a pullback to retest the new balance bottom. With the current level of bullishness the buyers will be active at every...

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The market took time today to rest and digest its next move. Both sides were active today and the Algos played a ping pong game. That offered trading opportunities at the edges. In my view the short term bias switched to neutral today. The large and intermediate biases remain bullish. However, the daily candle close is bearish. It suggests a continuation to...

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Today, the price continued to advance tagging 7300 level that was a magnet. The buyers are in firm control. The breakout of the mature balance area is a strong bullish bias . However, there is a potential strong resistance ahead that may cause a hurdle for the buyers. We may see profit take. A retest of the breakout area may offer a nice long opportunity....

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The price broke above the mature consolidation area today and closed with a bullish candle. Driven by heavy technology stocks the index performed better than the rest of the indices. However, the breakout was not strong. The reason for that is the exhausted move from the bottom of the consolidation. The price did not have enough time to rest. I consider this...

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In my previous idea I said that the Friday's price action suggested a potential false breakdown out of the multi-day consolidation area. Today, it was confirmed by a trend up day across the entire consolidation area. This is what is expected. When it comes to a false breakout or breakdown of a mature balance there is 80% chance to fill that balance from edge to...

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The day ended with a bullish doji candle leaving everyone guessing what to expect next week. In the last analysis I expressed an idea that if the sellers push lower without spending much time balancing around lower edge we may see a false breakdown. The price traveled from the top of the consolidation area to the bottom and was exhausted already. Well, they did...

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Today, the sellers managed to broke the trend line (shown on the chart) and accelerated a move to the bottom of the accumulation area bottom (upper box). Whether we see a distribution or continued accumulation remains to be see. At this point I anticipate a bounce since the price stopped at the strong support. If the sellers try to push lower through that support...