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The S&P Holds At The 200smaThe S&P 500 has found support following the gap down candle on April 5th. The 200 simple moving average has been holding price up for three consecutive days. Price is now forming an unconfirmed bullish flag formation, which will be confirmed if the recent high from March 29th at $4637 is broken. The recent move has been bullish from March 14th but price is actually in consolidation since January 4th. As there are signs of recent strength and support holding price from declining further, we are anticipating a continuation of the overall bullish trend over the coming weeks and months. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
The Pound Muscling The Yen!Today, we are seeing strength in the British Pound, with bullish momentum pushing price towards the recent resistance level. We had a decline on March 28th, which found support around 160.00, and from April 1st, the buyers have gained back control and moving price back to the upside. A break and close above the recent resistance at 164.65 will be significant because it will be the first breakout following the breakout from consolidation on March 22nd. This will be our signal and confirmation of a trend continuation where we are likely to see a strong trend unfold. Be on the lookout for that breakout because there could be an opportunity to profit well from a strong move in this forex pair. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
GBPJPY Ready For Big Moves!The GBPJPY broke out of long-term consolidation with a big bullish candle on March 22nd. Following really large candles, we tend to sharp reversals but in this case price continued to move higher for a few days. On March 28th price pulled back and moved towards the consolidation resistance turned support but didn’t quite make it that far. Support was found just above that level and we are starting to see bullish momentum once again. To confirm this as just being a pullback, we need to see a break and close above the March 28th high at 164.65. This will also confirm a bullish trend continuation and price has plenty of room to form a long-term trend providing us with compounding opportunities. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
S&P 500 Still Making Good ProgressThe S&P 500 made good progress in March, but the buyers fell off slightly by the end of the month, giving the sellers room to pull price down. Although the end of March and the start of April experienced a decline, this is just a pullback for now, and we can anticipate a continuation to the upside. Friday’s candle closed as a reversal candle just above the 200 simple moving average support zone. As we enter a new week, we want to see a bounce from support with some bullish candles. Further moves to the upside should follow a break and close above the March 29th high. Then we want to see a move above the next resistance level, which is the all-time high at $4818. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
The Pound Strengthens Over The Yen!The GBPJPY has not been successful at breaking and remaining above the major level of resistance at 156.60 since June 2016, which formed the high of an area of consolidation. Price really started to attack this level from October 2021 for a number of months, but has now cleared this level by around 700 pips. The candle for March is currently looking strong, and with only a few days of the month left to go, we may see a close outside of the consolidation zone. Price now has a lot of clear space to form a trend before the next major level of resistance at 195.88, which is the high of June 2015. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
Long
by Sublime_Trading
S&P Recovery - 10% So FarThe S&P 500 continues to recover from the recent declines that started at the beginning of the year. From the low in February, price has climbed up 10% so far. A few weeks ago price moved back above the 50 simple moving average, which turned from resistance to support. The market looks a lot different than it did while it was falling during January and February, when everyone was calling for a market crash. This did not unfold and instead, we are seeing a recovery taking place. To be on the safe side, before we confirm a trend continuation, we need to see price break and close above the all-time high from January 3rd 2022 at $4818. Patience is needed for now. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Copper Makes Record High For March!Copper created record highs this month, where it peaked at a high of $5.0395, breaching the previous all-time high from February 2011 once again. The previous all-time high is proving to be a strong level of resistance as price is unable to remain above this level for lengthy periods of time. There is now a long wick above this month’s candle as the sellers have pushed price down, but the candle's body remains bullish. $4.6495 is now a support level and should price decline further, it could hold price up, giving price enough momentum to make a new all-time high. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime
COMEX:HG1!Long
by Sublime_Trading
Tesla Up 25%+ This MonthTesla was making record highs of $1243 in November 2021, up 1780% from the year before. Price then went on a decline but soon found support. The $1000 round number was penetrated but price found support at the 50 simple moving average in January this year and has only just bounced off from support this month. March is looking strong for Tesla with price already up over 25% and trading back above $1000. If this momentum is sustained, we could see new all-time highs created over the next few weeks/months. This is quite an expensive stock to invest in, so if you don't have the capital to place low-risk positions in this asset, we cover many other cheaper assets in our analysis. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:TSLA
by Sublime_Trading
Palladium Fakeout!There is plenty of volatility in the markets due to current events happening around the world right now and Palladium is an example of this. An all-time high was created in May 2021 at $3017. Price then went into consolidation using the weekly 200 simple moving average as support. From there, we have seen a gradual increase in price, and by the end of February, price was just $7 shy of the all-time high. The second week of March saw the breakout we were all anticipating, but this was short-lived as price has now retreated back into the consolidation zone. This is the very reason why we wait for confirmation following a breakout before jumping into positions after a long period of consolidation. This is something we make our members aware of. Many traders and investors would have taken a position in Palladium as soon as it broke out but we understand that when price consolidates for a lengthy period of time, it could form a fake breakout. We will continue to stand aside until our confirmation is met and preserve our capital in the meantime so that we can use it for high-probability opportunities. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
Gold Attempts Record High!Gold had an attempt at the August 2020 all-time high at $2075 this month but has come short of even breaking through this level. Price was only $5 away from having a shot at creating a new record high, but the sellers came in strong to ensure that never happened. What does this mean for price now? Since there has been some short-term weakness, we want to identify areas of support that price may come to. This support could act as a springboard that helps to push price back towards this all-time high resistance level. Price is now trading below the $2000 round number, so the next level of support based on this timeframe is the previous all-time high from September 2011 at $1920. There is another level just before that, which is also classified as a strong level of support, and that is last year’s high at $1959. We will have to keep an eye on Gold because if there is a breakout, we could be in store for a long-term trend lasting several years. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
Gold Bullish Momentum!Last week I posted on Gold and highlighted the fake breakout of the September 2011 high at $1920. Despite February’s candle forming a fake breakout of this level, we see strong moves above it again. Price could end up closing below $1920 by the end of the month, but the buyers do appear strong for now. When Gold trends, it usually lasts for months and years. Before a trend can begin, however, we need to see a breakout of the consolidation high, which is also the all-time high at $2075, and that was formed in August 2020. With a strong bullish candle in February and another one so far for March, the momentum could be building up to create new all-time highs. Gold is definitely on our watchlist. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
1
FTSE Down But At SupportLast week we witnessed a 6.78% decline in the FTSE 100 and just a few hours into this week, price has already declined 2.81%. The major support of the daily 200 simple moving average failed to hold price up last week so we must look at further levels of support. Since May 2021 a low was formed at 6823 and has held strong ever since. There was an attempt to break this level in July and September 2021, but they both failed. Price has hit this level this morning and appears to be holding for now. If there is strong buying at this point, it should be enough to push price back to the upside, but for now, we just need to stand aside and see which direction price heads next. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:UKX
by Sublime_Trading
Gold Verging On A Breakout!Gold has made good progress this month, forming a strong bullish candle despite being in an area of consolidation. Price ultimately needs to break above the August 2020 all-time high at $2075, but there is another resistance level in the way at $1920 from the September 2011 high. This month’s candle pushed above this level, but the sellers have pushed price back below. If February closes below $1920, then this will be a confirmed fake breakout, and as we have one trading day to go for February, this seems likely. Gold is an asset that requires plenty of patience, and those holding Gold long-term would not have seen any progress in their investment since September 2011. The main thing is that when Gold trends, it usually lasts several years and produces good profit over time. This increases if you are compounding along the way, something which we ensure our members are doing to maximise profit. We will watch Gold closely and take advantage of any trends should price break above the all-time high. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLD
by Sublime_Trading
US Market Bullish Continuation?The S&P continued to display plenty of volatility last week, where we saw a strong move to the downside, breaking through significant levels of support. Price did appear as though it was going to continue its descent, but the buyers were able to reverse the direction of the move, ending Friday with a big bullish candle on the daily timeframe. The 50 simple moving average, which held as support over the past few weeks, couldn’t take the weight of price and this support level failed. However, looking at the reversal candle last week, which closed with a bullish body, we may well see a push back above the 50 simple moving average. As there is a lot of volatility in the markets, it is hard to be sure if the bull trend will resume or whether the bears will take over, so we will continue to stand aside and preserve our capital. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
GBPJPY Breakout?The GBPYJPY has seen some strong trends in the past and as a result of the 36% decline in 2015-2016, price has been in a long-term period of consolidation. This consolidation range is between 156.60 from the high of February 2018 and 124.78 which is the low of October 2016. Price has pretty much remained in this range. The reason this forex pair has come to our attention is because price is retesting resistance. When price tests support or resistance, there is always a chance of a breakout so we want to remain ready just in case. Price has been testing this resistance level since October 2021 so the buyers appear to be persistent in getting price to break out. Even if we have a breakout, we need to wait for confirmation before considering an entry. Price first needs to breakout, pullback and then break out again. Until that happens, we will stand aside from taking an enter. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
S&P 500 Becoming Bearish?The S&P 500 is back below the daily 200 simple moving average. The last time it traded below this indicator was towards the end of January 2022. What does this mean for price? Not much at the moment as price is consolidating at the moment so we can expect to see moves above and below the 200 simple moving average. The high of the consolidation zone is at $4818 based on the January 4th high. The low is at $4222 from the January 24th low and we can expect price to remain within this range. A breakout from consolidation, either to the upside or the downside, will give us an early indication of where price may head next. If we start to see a pattern of lower lows and lower highs below the 200 simple moving average, we may see a long-term downtrend. But the bias is still for a continuation to the upside seeing that the overall trend is bullish. We now want to see a quick move back above the 200 simple moving average and new all-time highs. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
S&P Bull Trend Still IntactThe S&P 500 started off the year volatile but we are starting to see price organise itself with the aid of the weekly 50 simple moving average. The last time price came into contact with the 50sma was in June 2020, near the start of the current bullish rally. It wasn’t a surprise to see price run out of steam as it had been such a strong run. We identified multiple levels of support that price could come down to and you can see that the 50sma has held well. Price has traded below the weekly 50sma in the recent pullback but has not closed below it which is a good sign that this indicator is acting as a strong level of support. Price is looking bullish so far this week so we want to continue to see bullish momentum and a continuation to the upside. We are holding back from entering any new positions until we have clear signs that there is strength in the market once again. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Bitcoin Pattern Signalling The Next Trend?A pattern is forming in Bitcoin if you know where to look so could this signify what will occur next for this highly traded cryptocurrency. In April 2021 price declined from circa $65,000, dropping 55% to below $30,000 in June 2021. Then after a rally, price declined from just under $70,000 in November 2021 to circa $33,000 in January 2022 and this drop was 51%. The percentage moves is the first of the similarities between the two declines as they both saw a drop of just over 50%. Price pulled back around $36,000 in both cases and the duration of the declines was not far apart. The first decline lasted 10 weeks and the second one was 11 weeks. Bitcoin is making good progress now and the next hurdle in the way if price is going to keep heading up, is the 50 simple moving average followed by the $50,000 round number. Let’s see how this cryptocurrency performs over the next few months. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
British Pound Beating The Euro!When price approaches a level of support or resistance that has not been broken in years, we must take note because a huge trend usually follows a break of such levels. If we take a look at the consolidation zone for the EURGBP, it began from the October 2016 high at 0.9225. A low was then formed in April 2017 at 0.8297. Since then, price has mainly been trading within this price zone but it has spiked above and below the high and low several times since then. The last time the low was tagged by price was in February 2020 and price is making its way to the low once again. Unless a major decline happens today, being the last trading day for January, the breakdown, if there is any, may happen in February. We are not interested in the first breakdown of support as this may be a fake breakout. We would need to see a pullback to resistance then another breakdown below the consolidation zone. A pattern of lower lows and lower highs will confirm a bearish trend is in play. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
S&P 500 At Strong ResistanceWhen the decline began in early January, the 20 and 50 simple moving averages were the obvious levels of support. After those levels were broken and price gained momentum to the downside with big bearish candles, the next level of expected support was the 200 simple moving average. On January 21st, price sliced through the 200 simple moving average with ease and formed a low at $4222, 12% below the recent high from January 4th at $4774. Price went into a mini consolidation a few days after forming the low, and attempted to break back above the 200 simple moving average on January 26th with a fake breakout. On Friday, price attempted another breakout above the resistance but fell 3 points short of this level. The day did close with good momentum, as seen from the big bullish candle. If the momentum continues into this week, we may see price trading above the 200 simple moving average. The bias is still bullish until we see a pattern of lower lows and lower highs below the 200 simple moving average. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPXLong
by Sublime_Trading
Bitcoin Heading Sideways and Down!Bitcoin is again proving how volatile and unpredictable the cryptocurrency market can be. The start of 2021 was bullish, then after a 55% decline from April to June 2021 price rose to create another new all-time high at $69,000 in November 2021. Since then, another decline has developed, seeing a dro of 51% so far. What we can see now is a consolidation zone forming. When price consolidates, the behaviour can be unpredictable as there is no clear trend direction, just a lot of sideways movement. The high is at $69,000 and the low is at $28,600 formed from the June 2021 low. Within this zone, price is displaying weakness and heading towards the low support zone. Sideways movement in the market can last from months to years and there is no way of telling how long they will last. The primary confirmation that they are over is when price breaks and closes above the consolidation high or below the low. It is best to stand aside from the cryptocurrency market for now until a trend starts to form again. Right now, the conditions are too volatile. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
BITSTAMP:BTCUSD
by Sublime_Trading
Stocks Weak At The Start Of 2022The markets are displaying weakness which usually kicks in during the month of February but came early this year. We started to see declines from early January but for now, the overall market remains bullish. The Nasdaq and the Dow Jones broke and closed below the daily 200 simple moving average on January 20th. The S&P lagged behind and closed below the daily 200 simple moving average on January 21st. With all three US indices now below this indicator, we need to keep a close eye on the markets. The ideal scenario is for a quick reversal back above the 200 simple moving average and a continuation of the bull trend. If we see further moves to the downside, all is not lost as we may be offered shorting opportunities in weak stocks, but we need to be patient before jumping into any positions for now. This week will be crucial in determining our next move so keep on the lookout for updates on the market. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:SPX
by Sublime_Trading
Will Crude Oil Break $85?Crude oil is seeing bullish momentum in price following the pullback we saw between October & December 2021. Price pulled back to the weekly 50 simple moving average where it found support and has seen a nice impulsive move up this month. Since the low that was formed in April 2020, where the price of oil temporarily reached $0, there has been an uptrend in play, forming higher highs and high lows. Despite the pullback in December being the deepest during the recent trend, it still managed to avoid breaching the previous low formed in August 2021. This is another sign we are seeing a bullish trend in play. We are now anticipating a breakout of the recent high at $85, and if this level is broken, we could see price reach the $100 round number. As for now, we need to let price dictate the next move. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:USOILLong
by Sublime_Trading