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Medianline

US10Y - 10Y Bonds: And Reverse Forest RuuunLet's see: This was the chart I posted this year: We reached the U-MLH. This is the stretch to the upside. How ever, it could go further towards the Moon. But usually, if price get rejected at the MLH's, we see the opposite move. In this case to the downside, to the Centerline. This is a great opportunity, the second time this year in the 10Y Bonds, which I clearly will not miss. Additionally this would indicate a bounce in the index markets (S&P500, Nasdaq etc.).And if you pay attention to my S&P Chart, then you know that the Centerline is reached too there. So prepare for a possible bounce, even it's just temporarily.
TVC:US10YShort
by Tr8dingN3rd
ES - S&P 500 - Wash & Rinse, now LongHere comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and closed the GAP on the upside. If we now close again above the Centerline, I bet that we will see the long awaited bounce. Let's see how this day will end. I only trade super small, because in these markets this is the only way to control risk and be involved if you don't have tens of millions. Stalking Hat On!
CME_MINI:ES1!Long
by Tr8dingN3rd
GC1! - Gold is breaking every barrierThis monthly chart shows that Gold is breaking every potential support since it started the decline from Mar. 2022. Let's see where next support/target could be: 1. a close above the orange Centerline is an indication for long 2. a close below the orange Centerline is bearish. Next support would be at the yellow dashed Warning-Line. 3. If 2. fails, the most potential lowest point would be the red Centerline and/or even the Orange L-MLH. So there we have it. Short plays? Why not, on daily pullbacks? Selling Call Spreads with decent Risk management could play out pretty good the next months. Let's see and observe.
COMEX:GC1!Short
by Tr8dingN3rd
S&P500 - At The Centerline, Potential PullbackFirst, there are two very nice Sine-Waves. These are "complex" legs in the count from 0-5. Currently price is fighting at the Center-Line. It's the same price region where the market found its prior support. There are two possibilities when we reference the Medianline (Pitchfork) rules: 1. Price will hold at the Center Line and pull back in the opposite direction. The major target would be the U-MLH (Upper-Medianline-Parallel). 2. Price will shoot through the Center Line, pullback to it and continue its path (in this case to the downside). The major target is the L-MLH. Are there any other signs to give us a clue for a Long or Short Trade? Let's see: - the Stochastic is heavy oversold. - the Delta has good divergence. - price at prior support How to play it? Why not reduce the risk and go with Micro Lots, or some SPY BP Spreads, to maintain you good sleep §8-)
CME_MINI:ES1!Long
by Tr8dingN3rd
2
ES - S&P 500 rebound finish?After the P5 Low, we have a super nice count to the upside. Now we may have to face that the little party is over. Potential P5 is in and if it's true, we go down at least the the U-MLH. An opposite view is, that price will advance to the upside even more. If that's the case the potential to reach the second Warning-Line WL2 is baked in. The Stochastics faster is already in a overbought territory. Further down moves and increasing Volume would confirm the first coffee-ground reading. Let's observe.
CME_MINI:ES1!Short
by Tr8dingN3rd
ES - S&P500 Fractal Coincidence?The Pattern: Sometimes it's too obvious to call it a coincidence. The Pitchforks: And as you can see, knowing how to use a tool can help to make intelligent decisions in trading. The short time-frame: The Pendulum Swing: The Trade: What if the trade fails? What if this fractal pattern is not playing out as expected? Then it just was a trade. Trading doesn't mean that current facts are an insurance for future outcome. And that's exactly why you have to know your tools and protect your money.
CME_MINI:MES1!Short
by Tr8dingN3rd