Good morning! Here we are, Election Day has passed and we get the CPI report tomorrow. Couple things about the Mid Terms. Generally, the markets like it when Democrats have partial control and Republicans partial control. The expectations are, that the Republicans will win the House. If that happens, that could be a good thing for the markets. At the time of...
Well, what a wild Friday. The market traded in a 3% range trying to digest the unemployment reports. Lots of mixed signals right now. So it looks like we're back in No Man's Land. Step back and still look at the bigger picture, we are still in a downtrend channel. We had three down days last week with a doji on Thursday and a bounce on Friday. Characteristics of a...
To recap how the market's ended yesterday, we had the DOW close at 0.61%, the S&P -0.61%, and the NASDAQ -1.63% (I think this even went positive at some point during trading hours). Something is holding this market up. You would think with all these bad tech earnings, the market would be coming down substantially more. But it's not. So is this market rally going...
In last weeks chart I discussed 3 possible directions for AMZN.
Jerome Powell was very hawkish at Jackson Hole and the markets priced in a 75BP (risk off) hike in rates as opposed to the 50BP (risk on) that bulls were hoping for.
The result. New Level Lower.
Again, not a strong level to of support where AMZN now consolidates. If you read my previous...
As bitcoin has broken through support at 37,000, it is now exploring aggressively the support line at 36,500 respectively 36,000.
If support breaks at 36,000, the next support line which Bitcoin can be exploring will be at 35,500
35,500 is also the ultimate support after which an approximate closer bottom can perhaps be seeing at approximately 33,000
Traders...
Evening Traders,
Today’s analysis – BTCUSD (Update) - price is now ranging from an impulse sell, further consolidation is likely.
Points to consider,
- Valid volume influx
- Oscillators overextended
- Price consolidation
- Local S/R levels
BTCUSD has printed a probable capitulation candle with a volume influx, marking a temporary bottom.
Price is now...
on DAILY: AUDCAD is sitting midway between our blue resistance and green support so we will be looking for buy/sell opportunities.
on H4: AUDCAD is overall bullish unless price breaks below its last swing, then we will sell this one.
meanwhile, AUDCAD would be overall bullish and we will be looking for objective buy setups (trend-following) on lower...
