priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Neutral. In my weekly outlook I gave the pullback target 2650 and we got 2616. 2600 is the absolut lowest this should go or bulls are in trouble. Best would be to stay above 2620 and then I expect Tuesday or Wednesday another leg up. My target was 2866 but the pullback was much deeper than expected so my upper...

priceactiontds

Good Evening and I hope you are well. tl;dr gold futures: I was bullish last Sunday and boi did that pay but now is not the time to buy into this climax. Market is way overdue for a pullback but I would not try to pick the top here. Only longs for me on this but only after we have seen some sideways to down movement. Buying is strong enough to expect a second...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures: Bullish. 5 consecutive days where bears tried and bulls closed at the highs. Buy signals do not get better than this. Above 6000 we see 6050 and most likely an acceleration up to new highs. 6100 and 6150 the obvious next targets. Bears need a daily close below 5850 and would still have a bigger...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra: Bullish if we get above 19400 and have a daily close there on Monday. Neutral otherwise. Bullish bias was correct last week and bulls broke above the bear trend line. They have made higher highs and lows and are in control again. I have many blow-off top targets above for all markets and if bulls get follow...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra - Bullish. 3 times bears tried to close below 19000 and failed. Today bears only printed a higher low and the chances for the bulls are good to get above 19260, test 19360 and then melt above to 19600+. If my thesis is correct, market will not drop much again overnight or tomorrow. Anything below 19140ish is...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral below 5990, max bullish above. Bearish only below 5900. I have the close near a bear and a bull trend line, so tough spot for any prediction. I do think after so many attempts by the bears, they have given up and we are now free to do the second round of this blow-off top. Consider me...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. More sideways, all given levels still valid and another disappointing day for the bulls. Also a perfect doji when US closed. If you missed my weekly and the update from yesterday, catch up on those. Otherwise move on. comment: Neutral market around 19150. No deeper meaning until we see the...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Bullish target was met with 2650 and now it’s big decision time. Bear trend line and daily 20ema was hit. By Friday we will know which way market wants to go. Expecting sideways to down tomorrow but everything below 2600 would surprise me. comment : Very bullish week so far to potentially big resistance. My...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Lower lows and lower highs but a nasty reversal from 18869. The buying was strong but still not good enough for the bulls to take control again. Bears are showing decent selling pressure but getting nowhere. I do think market wants to test higher tomorrow. 19250 is the first target, followed by...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Bullish bias still. The reversal was nasty and we had a very strong close. We are in a nested expanding triangle and if bears are strong, market won’t get above 5950. If bulls do, we go 5980 and the bear trend line next. I lean bullish. Measured move up from today gets us close to the ath and...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - 19350 was my line in the sand for bulls to conquer and high of the day was 19359. Bulls doing their best to make 19150 support again and if it holds a third time tomorrow, we could see 19400 if bulls move above 19350 with some force. No interest in selling this. Play the range 19150 - 19350 until it’s...

priceactiontds

Good Evening and I hope you are well. tl;dr oil - I talked about the previous low 66.72 extensively and today bears dipped below but bulls bought it with vengeance. We are on our way to 70 and a test of the bear trend line from the October high. I do expect the lows to be in and we go higher from here. Best for bulls would be to make 68 support and keep the...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin: Max bullishness continues. Every dip is bought. My gigantic bull gap stayed open and until bears can get a daily close below 85000, this screams nothing but 100k. Do I think that we will see the biggest reversal this market has ever seen once we hit 100k? Bet. Quote from last week: comment: What a rally...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil futures: Neutral until bulls do more. 66.72 is still the low to be broken if bears want more downside, otherwise it’s a descending triangle with clear support around 67. It does look like bulls need an event to help them. Every small rip is sold and it’s a matter of time until one side gives up and we...

priceactiontds

Good Evening and I hope you are well. tl;dr gold futures: Neutral. This selling is bonkers tbh. It’s so unbelievably rare that markets have such a strong rally and do not respect the trend line at all at such important prices like 2700 and 2600. A bounce is overdue but man, being bullish on Gold has not paid for more than 2 weeks. 2570 is a bad spot to trade....

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures: Neutral until bulls come around or bears get below 5800. This pullback is too good for bulls not to buy and I have no interest in selling this. If this goes to 5800 without me, so be it. I think after such a big rally with follow through buying above 6000, a retracement to 50% is a buy and not a...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra: Neutral. Market dipped below previous support bears could not close at the lows and market reversed to trade back above the big number 19000. Bears had a great setup with the head & shoulders and it failed. If bulls can get above 19350 again, many bears will probably give up and only try again above 19500....

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - 19300 was the first target and bulls could not get above, since overall markets were very weak today. 19600 is still my target for tomorrow, if we stay above 19200. If US bulls do not want to reverse hard tomorrow and we have an overall weak market again, dax will likely close the week around 19100 or...