CeresTrader

CeresTrader

Oil has issues with 82.00 and has repeatedly try to break the level decisively over the past two weeks. We are in the 50% HWB short zone from the declines in November - December. We need to confirm on the 15 minute chart . . . but, this is a good area to sell oil up against the 61.8%.

CeresTrader

Natural gas gapped up significantly and Crude oil touched the top of a triangle and subsequently traded a 15 minute 50% Fibonacci. Trade these things down and and use the highs of the Asian session as stop losses.

CeresTrader

Coming back to Daily Resistance. Daily Short Level is at .70935. Recently traded .70625 and sold away. Upside has been capped at the 15 minute 50% Fib. 15 minute Short trades at .6969. 61.8% is a .6995 SELL 5 Short above the level with a stop above Failure. Target .6825 for a 5:1 Reward:Risk Ratio.

CeresTrader

Coming back to Daily Resistance. Daily Short Level is at .70935. Recently traded .70625 and sold away. Upside has been capped at the 15 minute 50% Fib. 15 minute Short trades at .6969. 61.8% is a .6995 SELL 5 Short above the level with a stop above Failure. Target .6825 for a 5:1 Reward:Risk Ratio.

CeresTrader

Locked between two 50% lines, Intermediate Short and Long HWBs. Current micro short means that Staying below 9410, put the bottom of the range at risk based on this micro short that has developed this morning; short is staying beneath 61.8% line. 9270 short term objective, at the very bottom of the range.

CeresTrader

Bitcoin Short Trade - Another one. Right now. Sell 9590. Target 8917.80. Stop 9750. Let's see how this short trade plays out. This setup is the same that drove us down from 10200 to 9131.

CeresTrader

Traded 2964.75 setup double top. We have a micro short that is setting up for 53.75 . . . if we hold the 56.25 level, we can sell off. Hitting the 2937 objective, we will know we are on our way. 2862.50 is our next stop, failure level of 2838, means we can trade to the bottom end of the range. Expect to see us hit this 2937 level in Asia or Europe as confirmation...

CeresTrader

ES reaches it's 2888.75 objective from the 2812 long on Friday morning. Usually, this is where it would turn, however, Wall Street needs it's fill up here too. And, the end of the channel is in sight. If we continue up, look to 2925 level to sell. It may take some time to do that, similar to other tops. At some point, this whole move up will need to be defended by...

CeresTrader

Like Good and TSLA, FB is also in a short. Like many of the Tech Stocks, it has broken the 61.8% fib line and have retraced up to the 78.4%. The current setup is similar to the highs of the year . . . we are at the beginnning of the end of this deadcat bounce. Failure to go straight up from here will usher in lower prices.

CeresTrader

Last time Google was in a 50% short with bad candles was at our peak. Now, we are at the beginning of the end for this deadcat bounce. Failure to rally from here will lead to lower prices.

CeresTrader Updated 

Morning S&P Update: Same draw as the YM (Dow) last night. Sell off from All-The-Way HWB happened in Europe. But, look for rebounds as Friday's tend to be range bound. Locked between two 50% levels? Only a move below 2800 will enable a deeper selloff. Otherwise, bounces may encourage the bulls back to the these levels.

CeresTrader

Does Fibonacci Retracements work on stocks? Yes, TSLA is in a topping pattern. Bad Candles Patterns & it's holding a daily HWB 50% short. 12 hours at it's short and it can't break it. 745 Target. Last time Tesla couldn't hold break a short, Late Feb - Early March - Target of 532.68 hit after getting no further than the sell zone.

CeresTrader

Market needed to rally today so that we can get short setups. We have two halfway back short setups here. Selling off from the Weekly. But, Trend changes require this usually require the larger HWB. Basically, I am a seller up here in the sell zone between 2856 - 2883.

CeresTrader

Beautiful Sell of YM (Dow Jones Index) futures at the 50-61.8 Fibonacci Zones during the last few days. Now, a retracement is needed to the new sell zone. So, expect bullish action back up to new 50%.

CeresTrader

Grains tend to hit their seasonal lows here in early May, as we get into the critical May-June growing season. On the daily chart, corn has traded down from it’s 460’0 highs of last year, using a 50% HWB short at 402’2 to make the run down to it’s Fib objective of 316’6. With price and timing lining up for a bottom here, we are looking for 50% Half Way Back...

CeresTrader

I have been wrong. My timing is a bit early. The key here is to just trade what the market gives you, basically, continued up moves as it tries for a double top. This week should see the culmination of this short-term uptrend as we get a secondary double top and can begin a summer decline in earnest.

CeresTrader

Markets move counter intuitively . . . The best lesson I ever recieved from a market watcher was when a daily or 15 minute trend pierces the 61.8% line. At some point, it’s only a matter of time, where that whole move will the retraced, in order to provide the opposite part with it’s owntest, that in turn, they will need to respond too. We had a minor selloff...

CeresTrader

This brief break into highs during lunch hower should be faded. Same setup at the high end of resistance. Play for the Gigantic fall.