Trends could allow some further upward movementI'm really mixed going into today. I'm going to be a bit bullish, only because I think there is a lot of upward trend movement. However, we are maxed out on trends yet again here, so I am not sure we make it much higher, and I think this rally may be coming to a close, at least briefly.
The trends for today are;
Last Macro Trend Signal Spots
30m - 4060 Downtrend (12/01/2022) Higher Low
1Hr - 4005 Uptrend (11/30/2022) Higher High
2Hr - 4041 Uptrend (11/30/2022) Higher High
3Hr - 4082 Uptrend (11/30/2022) Higher High
4Hr - 4093 Uptrend (11/30/2022) Higher High
6Hr - 4091 Uptrend (11/30/2022) Higher High
12Hr - 4091 Uptrend (11/30/2022) Higher High
Daily - 3923 Uptrend (10/28/2022) Lower High
Weekly - 4366 Downtrend (2/14/2022) Higher Low
Overall, as I say in the video, I'd like to see us shoot up to that 4hr uptrending line, and I would short the market again, especially as it meets a downtrending line of all price action for the year. If we go lower from here, I'll have to decide where I want to enter at if things show significant weakness.
Economic Data - We have Unemployment here shortly and payroll numbers. Both should cause some market shock, so sit back and enjoy the ride.
My overall sentiment;
Shorter Term - Slightly Bullish
Short Term - Neutral
Medium Term - Bearish
Long Term - Bearish/Neutral
Community ideas
EUR/USD is approaching critical resistance - tighten stopsEUR/USD generally remains pretty bid, but it is approaching tough overhead resistance at 1.0636/39 - the 2020 low and the 55-week ma and we suspect that the market is going to struggle to clear this tough area of resistance, you might want to tighten stops on long positions.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Is this rally a bear trap or a resuming bull? This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making?
I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
I have started a trading series, purpose for trading into longevity. Last week was on Buy Strategy, today on Sell Strategy. These strategies shared, they all can be applied to most markets and in different time frames.
Content:
a) The sell strategy – applicable to both:
· Long-term – Fundamental & Technical
· Short-term – Fundamental & Technical
b) Bull or Bear?
Some important dates:
14 Dec 21 - Fed: "Inflation no longer transitory"
10 Nov 22 – Oct CPI @ 7.7%, below expectation of 8.2%
Micro E-mini Dow Jones Futures
Minimum fluctuation
1 index point = $0.50
10 = $5
100 = $50
Of course if you need something more sizable, there is the E-mini Dow Jones Futures.
You can refer to the links below, you will find some of my past video tutorials, on how I time the different markets.
As time passes, you will see how nicely most markets trend along our analysis then.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Our epic Black Friday event is hereGreat trading takes time, patience, and preparation. You must map out your journey, think for the long run, and go forward diligently.
As you progress, taking each step, you’ll come across opportunities that make your voyage a little easier. When these moments present themselves, do not hesitate to act on them.
This event is one of those moments.
Today, and for a limited time, we're giving all traders and investors an extraordinary Black Friday deal.
This year's Black Friday deal is inspired by black holes. Previous years were inspired by the moon, Mars, and other wonders of outer space.
How does a black hole get its name? The gravitational forces are so strong that they prevent light from escaping. In a similar way, we want to mimic that behavior by giving you the best Black Friday deal yet, so that not a moment of doubt escapes you as to why it's an opportunity you cannot miss:
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... And more at up to 60% off.
Our deal won’t last long and we can’t guarantee it will ever happen again. Act quick - "Do not go gentle into that good night."
In the meantime, please keep following us as we publish educational posts throughout the week. Each post is carefully designed to help you take full advantage of your new paid plan.
Also, feel free to check out some other tips we’ve created to get you started.
Look first, then leap.
TradingView
LTC: My Reasoning Behind Accumulating Litecoin NOWHi Everyone! I show in this video how Litecoin Saw a Sign of Weakness in Phase E well before any other MARJOR Top Market Cap coins. It looks like we have been in ACCUMULATION for quite a while with Litecoin. ALSO, The indicators in the Mid Term Group of time frames look more bullish compared to Bitcoin, Cardano and Ethereum; which are in just now going into Phase E Distribution with a Sign of Weakness - OR - about to go into Phase E Sign of Weakness (ETH).
LTCUSD has a LOT OF SUPPORT at $40 to $45 price range. If we do see a drop down in LTCUSD, it has a high probability of being a Wyckoff Spring (finding support between $40 and $45) RATHER THAN ANOTHER Sign of Weakness in Phase falling substantially below $40.
This is my reasoning behind Litecoin being one of my top coins for ACCUMULATING at this present time. Please consider beginning to take as many coins off exchange NOW... I have my reasons behind doing this NOW... Please consider not having more than 5 percent of your equity on an exchange; with a broker or even in your bank for a while. The world is about to get rather bad soon politically, geopolitically, financially, economically and socially.
Hope this was helpful...
If you don't mind, take a moment to SMASH the like (boost) icon.
Happy Trading and Stay Awesome!
David
GBP/USD levels just ahead of the Chancellors Autumn statement
Disclaimer
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current Disclaimer:
opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Live stream - TA Session #147 - Wednesday Session on the Road in👉Scheduled Streams:
Monday - Friday 9:15 am EST (15 minutes before NYSE Open)
and we go for about 45 min to a 1hr+ depending on the
markets.
👉Stream Content:
Price Action based TA, Key Level gain/loss, Swing Failure,
and Liquidity Grab Patterns. Market
Live stream - TA Session #146 - Tuesday Market Open👉Scheduled Streams:
Monday - Friday 9:15 am EST (15 minutes before NYSE Open)
and we go for about 45 min to a 1hr+ depending on the
markets.
👉Stream Content:
Price Action based TA, Key Level gain/loss, Swing Failure,
and Liquidity Grab Patterns. Market
Metals to Break its All Time High AgainMetals to Break its All Time High. I have discussed about Gold before and in this tutorial we will study into Copper.
From last week Fed chairman statement, he said “it is premature to be talking about pausing our rate hike. We have a ways to go."
The continuous inflation is almost a certainty into next year, and what asset or instrument works well with inflation?
Content:
Why interest in copper again
• Fundamental
• Technical
5 Major Copper Uses:
• Building Construction
• Electronic Products
• Transportation
• Industrial Machinery & Equipment
• Medical
Copper Consumption Worldwide:
1. China 54%
2. Europe 15%
3. Other Asia 14%
4. America 11%
5. Other 6%
Source: Statista 2021
Minimum fluctuation
0.0005 per pound = $12.50
0.001 = $25
0.01 = $250
0.1 = $2,500
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
SPY: Thoughts & AnalysisHey everyone,
I apologize, I tried to post a live stream and it just did not work :(.
I think my internet is the problem. Many times my internet has caused massive losses because of being so terrible, so I am pretty sure that is the problem.
Anyway, I just wanted to pick up where I left off and finish up my thoughts on SPY. In the live stream I went over all the indices, but here I am just sort of focusing on SPY (and a bit on DIA).
Also, I have a cold so excuse the congestion and sniffling! haha
Overall, my bias in neutral. Targets for Monday are:
Bull
1. 378
2. 379
3. 381
and Bear:
1. 374
2. 372
3. 370
Targets for next week (prospective) are:
Bull
1. 382
2. 385
3. 387
Bear
1. 370
2. 366
3. 363
Thanks everyone for watching, leave your comments/questions and critiques below and have a great weekend!
Apple stock historically bottoms out at higher earnings yields In last 20 years, apple stock has 'bottomed' out at earning yields in the 6-10% range. However, in the past it was a smaller company with a high growth rate potential. Current earnings yields on apple are in the 4% range and now its a near 3 trillion dollar company. I dont know if thats an apples to apples comparison ;) NASDAQ:AAPL QQQ MSFT
HOW-TO: Using Data Gathered in Divergence BacktesterHello Everyone,
Here is a small video describing the idea on studying divergence data based on divergence backtester script.
To understand further, you can study some of my older scripts on divergence. You can find them under my profile: www.tradingview.com
Filter only open source scripts so that you will see only free to use scripts with code available. This is not a fully fledged strategy. But, just means for studying the impact of divergence data on price action. Please let me know if you have any questions.
Tug of War Among Central BanksThere is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this?
i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency.
ii. This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row.
iii. The Bank of England could join the club on Thursday.
Content:
. The Interest Rate race has just started, why?
. The impact on different currencies
. It may not be all bad news, why?
With higher interest rates, it attracts investors to buy its currency, in this case the USD.
Currency is always a pair, when USD strengthens, the other side weakens.
When a currency gets weaker, it is very bad news for inflation because they will have to pay more on their imports.
Therefore in order to counter inflation, one of the best measures is to hike rate
Expect more volatility in the currencies market, meaning currencies will take its turn to move.
And if you are a trader, you should welcome volatility. Because with volatility, there are opportunities.
GBP Futures
0.0001 = $6.25
0.001 = $62.50
0.01 = $625
0.1 = $6,250
1.1000 to 1.2000 = $6,250
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Key Support Levels For E-mini S&P This Week ES1!As we enter a huge week of data for markets it's important to know the key levels of support and resistance for the E-mini S&P 500 Futures ES1! In this video I explain how to use an RSI, Auto Anchored VWAP's, 10 Day Moving Average, Bollinger Bands and my Beacon Indicator to determine key areas in the market. I use this strategy for day trading and swing trading the E-mini S&P.
Past Performance is not indicative of Future Results. Derivatives Trading is not suitable for all investors.
USDJPY: What goes up.. Must come down. Massive Trading LessonLooking at the USDJPY will provide perhaps the most important lesson in trading you can find. Ascertaining what is Market value; what is a high price (and what your decision needs to be) VS what is a low price and what you should do.
The USDJPY is a classic example. Price has rallied for 22 months or so and the price has risen enormously. This is OVERSOLD and you can see how Traders (Who know what they are doing) have moved into the market and pushed it down. We called it and said this would happen because we looked at the market from a factual non biased perspective.
We also looked back to key price action levels to determine what further adds to the concoction (evidence) for a short.
Tie it all together and you get a fall you can take gains on. We can now look for further falls after price pops until we reach Price levels to get final exits, again using our knowledge of market value.
All in all, when trading any market, just do it factually. No stories. High price V Low. That's what works!
I hope that helps as always!
