priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Bears confirmed the sell-off and bears are hoping for a second leg down. I lean to closing tomorrow near 20000 instead of a big second leg down tomorrow but I am open to surprises. Anything above 20150 would surprise me. comment : Bear confirmation and I got 2 measured move targets between...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Bearish. I doubt we can close the week below 2560 but we now have a giant bear gap between 2615 - 2652. No interested in selling this tomorrow but if we close the week below 2600, the bull trend is gone for good. comment : No matter what you think China is doing with Gold, this market is going down. We are...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Big up, big down, big confusion. Can the selling continue and accelerate? Yes. Can we also see a bigger bounce from 20000? Also yes. Not as easy to trade as you might think because bounces can be big and you have to trade really small. Huge volatility is not the time to swing for the fences....

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Selling was too strong to be just a pullback in this bull trend. Best guess is that the trend is over and we are in a huge two-legged correction down to 5800 or lower. 5927 was the low from my W2 and we can expect sideways to up around this price. The lower bull wedge trend line should...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Prices are messed up due to contract change but my lower targets were hit and market is in balance at now 6140ish. Huge support 6115 for the bulls and bears need a strong 1h bar close below it for lower prices. Bulls are in full control when market can only go sideways right under the...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Third consecutive bear bar on the daily chart but the selling is weak. Bears barely push the market down and we are still 200 points above 20000. The bear channel held but chances are decent that it breaks tomorrow and we either go more sideways 20200 - 20400 or test 20500 again. comment: ...

priceactiontds

Good Evening and I hope you are well. comment: Clear channel upwards and we will likely hit 110k over the next days. The channel is wide enough to trade in both directions. Once market breaks below the closes bull trend line and the 4h 20ema, a short is the much bitter trade from a r:r perspective. current market cycle: Still a bull trend as long as above...

priceactiontds

Good Evening and I hope you are well. comment: Another mind boggling rally with a strong break above 22000. Volume is atrocious but that does not matter one bit as long as we continue up. Market has now broken above at least 2 bigger patterns on my charts and every time a market does that, I expect it to fail, rather than to be the start of a new and stronger...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil futures: Neutral again. Last week we got a bull surprise and market closed at previous resistance. Upside will probably be limited and market could not close above 72.3 for 2 months now. I do not expect it to change that all of a sudden. The volume is also low af and therefore I expect more sideways...

priceactiontds

Good Evening and I hope you are well. tl;dr gold futures: Neutral. Very strong rally Mo-Wednesday just to almost completely reverse and close the week 11 points above the open. Rallies getting stuffed hard now and bulls will only try so many times until we test lower prices. 2630 is the price for bears to break and bulls need anything above 2760 again. It’s...

priceactiontds

tl;dr sp500 e-mini futures: Same as for dax. Shallow two-legged pullback to the moving average is a perfect buy signal once we trade above 6087 again. I have targets at 6300 or higher and the chart is as clear as it gets. Only a daily close below 6000 would change the outlook. Quote from last week: comment: Chart is clear, do not look for shorts until we see...

priceactiontds

tl;dr dax xetra: Market has printed the most shallow two-legged pullback imaginable and this is as bullish as it gets. Are bulls getting stopped by at least 2 upper trend lines which could continue to be resistance? I highly doubt it. If we get above 20600, there is no reason to not just go to 21000 or higher. I have two potential measured moves above 21000 but...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin: Neutral. Market went nowhere last week. It’s testing and trying above 103k and it could not close a daily bar above it for now. I have a measured move at 110k but that’s about it for me. Obviously bears are not doing anything, so either don’t trade or look for long scalps. Bears need a daily close below 94k...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls tried 4 times to push above 20450 and failed. Bears did not take advantage and we printed higher lows. As of now it looks like 20400 is the neutral price for tomorrow but I expect a bigger range to both sides before we settle probably somewhere around 20400 again. Any close at the extremes...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Bullish breakout again. CPI was in line and no one cares about bad news, when markets can only go up. Same reasoning for sp500 & nasdaq as on dax. We can do higher highs but I don’t think we will go much further. Sideways inside the given range is my assumption. Sp500 will likely hit 6000 before...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil futures - Neutral. Having a hard time being bullish inside trading ranges and unexpected moves higher. Volume is utter trash and yet market broke above last weeks high and the bear trend line. Bulls want 71 next but I would not be surprised if we go down to 68 or even 67 again. comment: Daily chart...

priceactiontds

Good Evening and I hope you are well. nasdaq e-mini futures comment: Beautiful bear channel and you should trade it until it’s clearly broken. We are going down but it’s weak selling. Bears barely get lower prices, even on increased volume. Means that there is also much scaling into longs for probably another big leg up. current market cycle: Bull trend -...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Bullish but only until 2740ish. Bulls broke strongly above 2700 and the triangle is dead. Next stop is previous resistance around 2743. I do expect a pullback first, since the channel is obvious. Chart shows the preferred way for me. comment : Bulls are in control again. My chart is very clear, so I won’t try...