SviCapital

SviCapital Updated 

The RTH daily range is contracting. The price did not get neither to OVN low or high. No changes to the market structure. There is a composite high value node at 2584 . Usually, a high value node is a launching point of a directional move . Something to watch. At this point the buyers continue to dominate. There is no obvious signs of their failure. This week we...

SviCapital Updated 

The Russell 2000 futures, that represent small caps and broader market strength, is primed for a directional move. A mature multi day balance has a potential for a breakout to upside. The upside target levels are marked. The related indices just broke to upside today. The Russell has a potential to catch-up.

SviCapital

Here is an updated chart. The daily range was contracting day after day and this is typically a sign of a bigger move coming soon. It does not really matter what will spark it. Let’s start from the upside scenario and what is in favor of it. A small consolidation area is formed at the upper edge of the balance. A breakout of that small area will be a breakout of...

SviCapital Updated 

The updated chart with minor and major levels to watch applicable for day trading. The price continues to be resilient and the buyers maintain the control. The channel was broken OVN and that encouraged the sellers at the RTH opening. However, the sellers failed to take out 2561 level and the buyers stepped in ahead of the OVN low. The shorts got squeezed again...

SviCapital

Very mechanical price action, the algos keep the price within the channel. Active traders, like myself, can take advantage of that and play both sides. The momentum is slowing down though. I anticipate to see some resolution soon. Either bulls failure or a violent breakout through well defined resistance watched by so many eyes. Stay nimble.

SviCapital

An updated view

SviCapital Updated 

My personal way of trading is based on a naked chart, I don't use any indicators, instead I try to dissect the price action from a market auction perspective. I like to read a story and find the footprints of the participants. The market goes through well predefined phases: initiative moves, finding a new area top, finding that area bottom and establishing a new...

SviCapital

A strong rally today across the indices. The SPX hit its first target which is 61.8% fib retracement off the recent downside swing. I anticipate a pullback first. This level should be taken out decisively by bulls to negate that downside swing. Usually, a tradeable response, a contra trade, is expected first. The second fib retracement tracks the recent upside...