Good morning traders, Same ol' stuff, different day. Still consolidating at the highs, likely to see some kind of push in the next two trading days to "clean up" this weak high. You need to distance yourself as a trader from the result of the next trade, and think of the market in probabilities. The data shows that the probability of the market continuing...
Good morning traders, We are still balancing on the highs and I would expect the dips to continue to be bought into the new year. Trendy looking profile, clearly looks unfinished to me.
$Wish Context Logic Analysis NOTES: - Wish is currently at all time low-ATL - There are currently 2 RSI takeaways: -- RSI Divergence is shown on the chart: followed by price correction, white line chart on RSI -- RSI Convergence is shown on the chart last week: will follow by price upward momentum, shown in yellow on RSI TAKEAWAY: - Price will move higher...
Right in the middle of where we traded around the thanksgiving holidays. I expect this to be a neutral type of day while everyone is back at the desk after the holiday break. I look for 3150-3140 areas to frame the market today.
A nice ping pong between areas yesterday. 3111 looms large today, and it's where we are at the time of the video. I would expect to see some more fighting here from the sellers.
Beautiful fall into the volume below yesterday afternoon on news. Look for the market to try and make a decision here around 3110 and if its able to sustain above it, look for 3120. If not, 3090's are back in the cards.
A good lesson on unfinished profiles and what they mean. I would expect to see 3110 area be a big level this morning. If we are able to sustain prices above it, 3122 is back on deck. If we break below and pull back, I'd expect to see some sellers step in and try and move us down towards 3095
A clean look at an uptrending market.
Got a nice push higher overnight to finally separate ourselves from the range. Careful here as the push looks like it could be exhaustion, I'm looking at the 94 area on a pullback.
Market still clearly accepting prices higher. Profile becoming very box-y meaning that the market is indifferent at any price between the highs and lows of value. The line in the sand below is still 70, in my opinion, and you'd wouldn't be wrong staying long until that is broken. Remember, the market is accepting higher and when that happens, the more likely...
This looks like a range as it passed the 76%fibo and broke the channel just about.unsure however because once the 3rd boundary reaches lower than the 1st doesn’t that cancel\restart the range so would my 3rd boundary in this case become my 1st
Still short from yesterday. Low volume overnight, looking like a dead kind of day to end the week. I am still looking on the short side for the market to rollover. The key to knowing this trade is wrong is if we start accepting above 3000.
We are now hanging out at the top of balance. Gun to the head, I'd still want to be short. If I change my mind on the short, it's becuase the buyers will move the market abvoe this 3000 area and we will start to trade a lot of volume up there. Until then, if you are long from here you are buying the breakout from value high and that's a losing proposition,...
Market pushed back into the previous acceptance area, beginning at 2960's in the overnight session. I would be looking at longs on a pullback for a ride to 2980, 3000 as the extended target. The idea is wrong in the mid 2940's, IMO.
Hey guys, Morning ideas weren't downloading properly yesterday so I apologize for not having a video for the morning yesterday. In class, we talked about it being a toss up on the open and it was best to take a wait and see approach, with an eye on 3010 as the breakout area. Well, we ran right to that area on the open and sat there. Glorious opportunity and...
Hey Traders, Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices. The market has rolled over from there. Looking for a flush out of the weak buyers before getting long again!
Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value. 2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.