JB7oh2

JB7oh2

There’s a lot going on this week so be prepared that’s we can do. Highlighted on the chart are the supply and demand zones to keep an eye on. Futures open at 6pm est 3 pm pacific keeping an eye on that to. Bitcoin held up pretty good over the weekend but it’s now running into a resistance zone something to keep an eye on as the day goes. Looking forward to a full...

JB7oh2 Updated 

Well today I was just as surprised at the market as when I go to my backyard and my geriatric dog leaves a dump on the concrete patio for me to clean… The first time we hit 400 the put play was so easy I literally had one trade today and got my mojo back! Next level to watch is 404 if it holds 410. Bears are setting up a trap or they have been covering there...

JB7oh2 Updated 

I had a feeling this was going to happen today we all know the old pump and dump before the fed talk. I may be wrong but I’m sure Powell will do his best tomorrow to bring down the market. This time we break 390 it’s going to 386 or 384. Tomorrow may turn into a trend day so please don’t fight the trend it is your friend. I myself messed up royally thinking for...

JB7oh2 Updated 

Well it held tight today we hit a nice low at 388.42 made a nice V shape recovery. So at least now we know where to watch for. As I type this es1 is at 3888 pretty much retesting the low. The dollar is strong af right now seems like we are the only country doing good and that’s crazy to say with our inflation so high etc. etc. etc. So please be safe this week if...

JB7oh2 Updated 

I believe there will be small profit taking on the DXY, it’s the first time in 20 years that we broke 110. So with that in mind if the dollar goes down the market will go up, now how much not much probably 403 which will probably be the last good chance to have a day like Friday with the short position. Now Thursday morning papa Powell is talking at a conference,...

JB7oh2

Well I think we had a great week what you say? Today was amazing heck the whole week was amazing. Keeping it short since it’s a 3 day weekend I’ll get back on Monday. Be safe out there have one for me, hit the like button if you’re green for the week As always trade what’s in front of you good luck

JB7oh2

Opened gap down hit the target today instead of Friday then hit demand at 390 and off to fill the gap to end the day well you saw. I got caught in the bear trap for being greedy and having to be right. As for tomorrow we either run to 400 or hit 393. Keep in mind it’s a 3 day weekend things get so in the afternoon. As always trade what’s in front of you good luck....

JB7oh2

I think the bulls are laying low this week risk off. Like I said in the beginning of August, the mice will play when the cat is away. Well last Friday the cat came back and cleared all the gains of 22 days in 4 days amazing. So hear me out, I think we are going to make a lower high by the time we get to September 21st why because we need the markets low so we can...

JB7oh2

First of all congratulations to Valerus_Forex for making the TradingView newsletter awesome job. Now we broke the key level of the 50% retracement or more important the psychological number of 400 which gets everyone thinking bearish. The monthly candle for August doesn’t look good for bulls as of right now it’s a inverted hammer heading into September where we...

JB7oh2

Today the bulls put a good fight. The 30 minute high and low worked out great today for support and resistance played calls in the morning then puts in the afternoon. Which way will we go I don’t know but the trend lines will help to decide. Everyone is bearish and we should be with everything going on in the world but there’s to much growth going on. People just...

JB7oh2

Everyone is waiting for the Monday open, how is the market going to react to Fridays sell off. My guess is they buy the dip which seems to be the theme of the people lately but how much more max pain can they take. We have a huge daily outside bar I’m hoping we creat a inside bar on Monday. Right now futures gap down but is being bought up. If the DXY hits 110...

JB7oh2

I might not always be wrong but when I am I prefer to be extremely wrong! LOL just kidding I’m always wrong just ask my wife. The guys at work had some fun with me today talking about 424 it’s a put up or shut up Friday. It’s crazy that we went down so bad because Powell said he doesn’t see any future cuts, I mean seriously I thought all this was priced in lol I...

JB7oh2

Well we hit 419 faster than I thought I totally missed today due to bad 5g and a busy day, I was not about to chase even though 419 hit I hope you all had a green day. As far as tomorrow goes some people say it won’t have a impact I say everyone wants a reason to do something either up or down. But I see the golden zone getting hit 424 is in play, now I don’t hold...

JB7oh2 Updated 

After 4 days of red we finally got a little green today. Played calls and puts today it was awesome, the 30 minute high worked as support it has been working great all week. Please install the open range breakout indicator and set it up or hit the 3 dot symbol on the bottom right of the video then click make it mine and boom all the indicators setup are yours then...

JB7oh2

First off thank you for all the support and new followers I’m really humbled never thought I would have 100 I’m just beside myself thank you. Tomorrow we have GDP 2nd estimate pre market, finally we can get some volatility since we were flat today creating a nice base. I’m seeing a curl up effect going into Jay Powell talk which starts at 10am eastern 7 pacific on...

JB7oh2 Updated 

What a way to start the week, worse day since June 16th. We broke right through the support level like nothing was there. I’m expecting we stay in the highlighted area for the week. Possible pop up tomorrow is the only chance we get for a green day since Wednesday is the revised Q2 GDP numbers and Thursday/Friday is the Jackson Hole fed convention. So this weak is...

JB7oh2

Whats up everybody hope you had a green week! SPY finally broke the trend line that I first posted on August 1st, time to find something new. The DXY this week took off from a low of 105.83 to a high of 108.21 please if you don’t have a dollar chart saved please make one up with the ES1 and DXY stacked or copy the one I posted awhile ago, a strong dollar makes for...

JB7oh2

Things are getting wild! I’m starting to feel bearish like I said yesterday we are going to range out again, lots of support has been created in this 400 range plenty of chances to play both sides. Today I did calls then switch to puts green is green the 30 minute open high played as support. I’m expecting about the same as today for tomorrow creating more...