Trinnisia_Trades

Trinnisia_Trades

In my opinion the market is trying to find a bottom. How far it will go down, Im not sure, but anything lower that 3450-ish, will take market to very oversold territory. Everyone is waiting for Thursday’s CPI, depending on the result this can go either way: 1. Inflation is rising - this means FED will be rise rates by 0.75 in November, strong move downside, but...

Trinnisia_Trades

Uk100 is always the odd one to trade. I’m expecting this to fall to 6800 area in the next two months. It won’t happen quickly, there is a major support at 7220-7080, and even stronger support at 6950-7000. Look into previous years: September - November are statistically the weakest months for trading. It doesn’t mean this year will be the same but I would be very...

Trinnisia_Trades

As predicted, the market met strong resistance and was rejected. Sp500 closed under 50EMA on daily chart, the bearish momentum very likely will continue on Monday 29th Aug, there is plenty room to the downside. If you look at the VIX daily chart, today we had very big candle closed above 200EMA. This is not a trading advice, trading is risky.

Trinnisia_Trades

I dont usually trade this pair but I noticed interesting pattern in the last few months. Based on Elliot Waves we have 5 waves following by ABC correction waves. If the market will keep continue the pattern, it will reach 1.35-ish area and then might see bigger correction/trend revelsal. It’s not a trading advice, Im not a financial advisor. I saw this pattern and...

Trinnisia_Trades

That is abviously a death cross on VIX daily chart but if you look in the past last year, I doesn’t mean the trend will go much lower. We had similar thing in the beginning of this year but VIX quickly rallied and we are where we are now. Now, that’s of the way, Here are the reasons we soon see big drop on all indices: - Most of the indices tend to take same...

Trinnisia_Trades

Is this a shooting start on daily chart? The market reached 4250 and, as expected, was rejected. It’s still holiding above 200EMA, so it might be here for a while. I’m also looking closely ar VIX - which showed a little green today although I don’t see MACD turning around yet. Trading is risky, please do your own market analisys before entering the market.

Trinnisia_Trades

I’m still bearish, why? - We’ve been having quite a rally for last few weeks. We are very close to 61% fibonacci, that will be strong resistance 4250. - July 2022 CPI was good but the market didn’t go much higher - we are almost overbought on daily chart - MACD looks like it might turn around soon - buyers are running put of steam, the market didn’t do much in the...

Trinnisia_Trades

I compared what happened in 2008 with current chart: - In 2008, the market fell over 50% - In 2008, the bear market lasted around 450 days If we’re about to witness similar situation now, we are long way from the bottom: - 50% drop would be around 2200, they we would see double bottom and trend revelsal - the bear market would last till March/April 2023 Of...

Trinnisia_Trades

Nikkei has been rallying in the last few days, and broke a trend line. Everyone is wondering is it a reversal move or just a bull trap. This is remain to see but for now I see pretty strong base to go higher. Saying that RSI is quite high, not oversold yet but compering to US indices JPN225 is less like to be severely oversold. Very likely the pullback is...

Trinnisia_Trades

The last time I posted about SP500 I was expecting the market to try break strong resistance 4140-4180. So far it goes according to plan. I’m preparing to go short. What if we break the resistance? This can be a bull trap and we will get a new low very likely in September. There is another option. VIX on weekly chart, we’re very close to 200EMA(21.5).This is a...

Trinnisia_Trades

The last week was very bullish for SP500. We went broke 50EMA, which is now a support and it looks like we will test 200EMA resistance at 4140-4180. It is also 50EMA resistance on weekly chart. Although on 4H chart the market is oversold, I believe we will try to reach 4140-ish in the next couple of days, maybe a week. I don’t believe current economy situation...

Trinnisia_Trades

I see very bullish signs on AUS200 chart. My only problem is: was it just Friday afternoon rally or beginning of bear rally for next week? Overall it seems like a strong bullish move. Earning season Q2 is coming soon - but will it be good enough for the market to continue move upside? One is certain - there is still a lot of volatility in the markets. Trade...

Trinnisia_Trades

For the 7th consecutive week we’ve had all red candles making lower lows. We are def in bear market but we might expect rally towards 200EMA. With the currect economy I don’t believe the market has enough strenght to reverse the trend and reach new all time highs. Very likely after touching 200EMA on daily chart around 4350, we go lower to 200EMA weekly chart-...

Trinnisia_Trades

Daily RSI is quite low We might see divergence forming on 4hrs chart MACD is turning around VIX dropped a bit USD losing strenght due to inflation Is it trend revelsal? I don’t know. Very possible it’s a bull trap, risky trade but I opened short term long position This is not a trading advice, please trade carefully

Trinnisia_Trades

I don’t really like Mondays in trading. Will the market continue Friday bearish move? Or consolitate and try to go up to 20EMA? Based on technical analisys and indicators on 4hrs chart AUS200 is oversold, 50 EMA is holding a support, on the daily chart the market has room to go lower towards trent line to 7200 area. Does it happen tomorrow? Don’t think so....

Trinnisia_Trades

Presidential election in France will decide which way the market go on Monday. Macron wins- pro EU , the market will go up Le Pen wins - anty EU, big move down Not a trading advice!

Trinnisia_Trades

Today AUS200 tried to break a stong resistance at 7620. The market is not ready to drop just yet. It could be here for a while, possibly trying to go up once again to 7595- I doubt it will go higher than 7620. The momentum is still there. On Monday is holiday in Australia and we expect some inflation news next week that might affect the market. I am planning to...

Trinnisia_Trades

AUS200 is kind of interesting to watch. We reached 7606 resistance, if we break it, we go to 7648. We def have enough momentum to go higher, inflations is a big problem, recession is about to start but it can take few months. We’re also in April- one of the most bulish month. I don’t recommend to follow it but behind saying ‘sell in May and go away’ is a lot of...