Gc1!!
Futures Levels | All About Tech Earnings (NQ, ES, CL, GC)The force is strong with the market adage that strength begets strength. But this week, it will likely be all about the NQ earnings to see if it can catch up to the all-time high prints from the ES (S&P) & YM (Dow Jones). We get 'em all this week - FB, MSFT, GOOG, AMD, AMZN, AAPL.
In other markets, can CL get to the top of our channel around $86? Will Gold finally hold $1800? And does Bitcoin consolidate this week or make another quick crack at the $67K level.
Stay Green & Trade Like You Mean It!
Futures Levels | Head Fake Or Higher? (ES, NQ, ZN, GC)It's nice when a projection comes together. Last week, our outlook suggested that we could see rates breakout, which would likely lead to broader stock index futures weakness. We got it half-right. Rates did breakout, but the rate rise ended up looking more like a head fake, so the selling was contained, with Friday even seeing a strong rebound.
This week there's not much to go on with earnings still a few weeks away. We'll be watching the BTC $50K level, 4400 ES, and if Gold can hold 1750.
Futures Levels | Are Rates Ready To Breakout? (ZN, ZB, ZF)Rates look poised for another attempt at a breakout. Can TINA remain our favorite gal if the 10Y gets above 1.5?
Crude looks good, while the Gold blemish continues.
Fed speak after the FOMC with Yellen & Powell testimony this week. The debt ceiling and an infrastructure bill are on tap for Congress. BTC & ETH are holding up, off the lows from last week.
Futures Levels | Week Ahead Sept 19 (ES, YM, NQ, RTY, ZN, GC)Yoooo Speculators - let's look at some levels in the futures stock indices following a telegraphed week of selling into last Friday's quad witching.
Overall, the markets have cooperated with our most recent analysis that suggested shorts in the NQ and ZB. Now, I'm gonna go out on a pretty firm limb (you know, since markets never go down), and say that we're probably close to the end of the selling in this cycle.
FOMC policy statement on Wed.
Trade Like You Mean It!
Futures Levels | Looks Ahead For the Week of Aug 1There is a good deal more economic news on tap this week with a jobs report Friday and PMIs mid-week. Earnings continue with 25% of the S&P still left to report. Beyond my favorites futures contracts which include stock indices, interest rates, and metals, I'll be watching the Chinese stocks and what Bitcoin wants to do around $40K.
GOLD • Let's use some trendlines to structure Trend & S/R levelsThis video could also be considered educational. It contains valuable lessons on how to structure the trend and price levels using my favorite tool, simple trendlines.
You can apply this method on any asset and flexible to adapt trends as time progress.
Gold is currently pretty much in uptrend with a possibility of a small consolidation before major breakout but everything is pointing for a steady bull market dominated by the macro timeframes such as the 3-Month chart.
I also talk about invalidation of the bullish hypothesis. Check video for more insight.
GOLD NEXT WEEK #16Forecast:
The bullish counter trend Zig Zag pattern might finalize the C-wave this week and reverse to the downside. If it is only a narrow correction or beginning of a new bearish down trend, I can't say, yet.
The fib, extension levels 1,27, 141 have been taken out. If bulls have the upper hand they might push price action to 1,618 @ ~1805 before price action reverses. I'll keep you updated. Trade safe, be well...
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold's price action on a weekly basis. I'll follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / Gold EFT's, $DXY and US10/30yr Bonds and Yields
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some fundamentals.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #011Forecast:
See some upside for gold this week, but it all depends on how bond-market play's out. Targets @ ~1746 and ~1762.
Also; I briefly address market sentimet - why gold is not favorable at the moment.
Video time: 06:13
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics - Market sentiment, Gold Shares / ETF's A-z, $DXY and US10/30yr Bond Yield
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #010Forecast:
A possible Bullish Ending Diagonal completion this week. Which means price action can drop a bit lower before bulls take over and push price higher. But, if bond selling continues then gold will drop also. Have that in mind. I'll update throughout the week as always. Trade safe.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics: Market sentiment, Gold Shares / EFT's A-z, $DXY and US10/30Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: Nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus
GOLD NEXT WEEK #09Weekly Forecast
Topics:
00:00-02:42: Market sentiment, bond selling, lack of confidence in U.S. Gov. starting to show. Brief Summary of week 08.
02:43-06:18: Price Action forecast = targets. Stock's looking favorable and which one's to chose?
06:19-07:25: I'll answer questions, Share some of my own stock pick's etc.
About Gold Next Week #
A weekly 3-10-minute forecast video on Gold price for the coming week. I'll also follow up with charts throughout the week as price action develops patterns and pivot reversals points.
Topics
- Market sentiment, Gold Shares, EFT's A-z, $DXY/Dollar and US10Year T-note
System: I use a hybrid blend of Wave Principle price action, Fibonacci ratios, RSI indicator and some Market Data.
Disclaimer: nothing talked about in this video should be regarded or seen as trade advise, a trade call, a recommendation, or a trade signal. Do your own due diligence or seek advice from a licensed professional before entering a trade.
Best Regards
OmarDjurhuus