priceactiontds

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Can see a diamond pattern on the 1h tf and the recent triangle we are forming. Market is in breakout mode. The move from bar 36 - 44 was strong but afterwards market was in a weak bull channel above the 15m 20ema. The buying above 5360 was weak and I expect bears to trade back down to 5350...

priceactiontds

Good Evening and I hope you are well. dax comment: Bears managed to print a lower low below 18400 but bulls bought it as expected. The recent bear channel is broken and we are in a new bull channel. Trading range price action and you should only buy pull-backs and fade new highs or lows. US session closed it right at Globex high. current market cycle: ...

priceactiontds

Good Evening and I hope you are well. overall market comment Markets went mostly flat today. Dax sears tried and were rejected again and sp500 and nasdaq made higher lows and lower highs. Markets are forming triangles which means we are in breakout mode again. No surprise moving into CPI and FOMC this week. I expect more sideways movement until...

priceactiontds

Good Evening and I hope you are well. bitcoin Quote from last week: bull case: 67600 is do or die for bulls. When this bull trend line breaks, their chances of another leg up are becoming very low. If market turns up again with momentum, we can see 70000 again and there market decides if it can try again of reaching higher prices. So far bulls were...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bear case: Bears are still inside the bull flag and making lower lows. As long as they are staying below 5310-5320, their bear case lives on but is weak at best. They could not get consecutive daily closes below the daily ema and the reversal on Friday made the daily, weekly...

priceactiontds

Good Evening and I hope you are well. dax xetra - this is the first time I post a xetra chart as well. I trade the dax cfd but I want to find out how big the interest in my post is for xetra vs cfd. Only difference is in price. Quote from last week: bear case: Bears making lower highs and lower lows. They closed 3 consecutive days below the daily 20ema and...

priceactiontds

Good Evening and I hope you are well. dax cfd Quote from last week: bear case: Bears making lower highs and lower lows. They closed 3 consecutive days below the daily 20ema and it was the 3rd consecutive monthly close below 18800. They also printed 3 consecutive weekly bear bars. Having said all that, bears sold off for 572 points while the last pull-back...

priceactiontds

Good Evening and I hope you are well. wti crude oil futures Quote from last week: bear case: Bears sold 80 again and will probably take profits here at 77 or try to get 76 again. If they get a breakout below, we will probably test 75, which is a price I thought we would test for 5-7 weeks now. It’s a bad sell here at 77 for bears so best they can get is...

priceactiontds

Good Day and I hope you are well. old futures Quote from last week: bear case: The smaller bull trend line was clearly broken and retested and the higher time frames also give more sell than buy signals. It’s a two-legged correction here to the ema and that is a perfect sell signal. They want follow through on Monday for target 2300. comment: This...

priceactiontds

Good day and i hope you are well. Last time i talked about Nvidia was 2024-02-23 and Nvidia was at 823 and my targets were 900/1000. Time for an update. comment: It's the stock everyone talks about and the peak insanity bubble of this generation before the next financial crisis. There, I said it. Feel free to stop reading now if you don't like it. I look at...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and...

priceactiontds

Good Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long...

priceactiontds

Good Evening and I hope you are well. comment: Market is much less euphoric than the others. Obviously trending up but still below 18700, which was big resistance last time. Bulls already had 3 pushes up inside the wedge and deep pull-backs in between, which shows selling pressure and no giving up by the bears. What are the odds, that dax follows the sp500 and...

priceactiontds

Good Evening and I hope you are well. overall market comment Bulls owned the markets today but when you zoom out, almost all are still inside their given ranges, new ath or not. Sp500 and NQ are pumping while dax and dji are still looking more bearish than bullish on higher tf. The only interesting question now is, if bulls can get follow through tomorrow of if...

priceactiontds

Good Evening and I hope you are well. Here is my update from yesterday after hours with an update for short term, since we clearly broke outside of the channel. dax comment: Globex perfectly retested the breakout at 18630 but failed and the EU session just sold off big time to a lower low. It was a small break below the bear channel line but ultimately a bear...

priceactiontds

Good Evening and I hope you are well. wti crude oil comment: Yeah oil again. This is in play and you should look for strong momentum trades. current market cycle: Bear trend key levels: 70-77 bull case: Yesterday I said bulls need to keep it above 74 or we see 72. Low of the day was 72.48. 1h 20ema was resistance and bulls need a close above that....

priceactiontds

Good Evening and I hope you are well. wti crude oil comment: In my weekly outlook I was bullish for 80 again, unless bears produced strong momentum below 76 and that was basically just on trading hour today where sold off for 232 ticks. 75 was the price I was talking about for weeks now and bears had a strong bear day down to 74. Depending on how you draw the...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes could not stay at the highs and bears showed some strength by closing the gaps we left behind on Friday. SP500 and nasdaq rallied into the close on weak volume but bulls nevertheless also showed strength and for the day we mostly moved sideways. Both sides have reasonable buying/selling...