Q,M,W,D,240,30min trends are all pointing up. Consolidated briefly on Q OP node, before breaking out to the upside. Upside bias maintained.
Q,M,W,D,240, and 30min Trends are all up. Upside bias maintained going into this Week's Trading. Note that we will soon be up against Q OP (4905.75) + W OP Resistance Nodes soon. Expecting Market to consolidate around those levels once we trade there.
Markets Interacting with 60min SF COP near the market open. Important Support Nodes (Intraday) 4819.75 F3(R1) 4808.75 F3 (R2) K 4804.00 F3* Expecting market to find support at these support nodes.
Significant Higher Timeframe Resistance Nodes up ahead on ES Futures Expansion Cluster : Q OP W SF OP D SF COP Expect Market Reaction off these HTF resistance nodes, if we trade there.
TSLA is retesting Monthly COP resistance at 597.10, after several intraday price reactions off it. 597.10 is going to be the market fulcrum. If we start break above it - TSLA amazing run set to continue. The longer we stay below this level - the likelihood of a deeper retracement increases. Full blog update
Attempting a long trade here on gold - against 200 Day Moving average. Watching 60min and 30min Dynamic Pressure and managing the trade. Full Higher Timeframe Analysis at Trading Blog If we break to the downside - Strong support next at 1718. Breaking back below 200MA with price continuation, will bring in new sellers. There will be significant resistance at...
given the uncertainty still surrounding the aftermath of the US2020 elections, it is worth noting that GOLD is trading at important Fibonacci support, ahead of its 200MA. More on my Trading blog
Directional Bias - UP Support zone as indicated. Weekly MACDP ( 3497.25 ) is the market fulcrum going into today's session.
Important Fibonacci nodes from the most relevant timeframes, going into today's trading.
Context : Weekly, Daily and Intraday Trends up. Strong Break above 200MA, Trendline. Buy on retracement back to DiNapoli Support at : S1 - 59.375 S2 - 58.500
Markets opening right at Daily Stepforward OP resistance node at 2984. Expect market to face resistance. Retracement lower off these levels given Daily OB conditions. Strong Confluence Support to be expected at 2950 price area.
Markets opening right into significant Daily resistance which should lead to a market pullback intraday. Watch for a possible reversal at the market open.
2887.50 will be the market Fulcrum this week, and may decide whether we trade higher or lower from here.
Weekly Focus Support & Resistance Lines for Aug 26th - 30th 2019, powered by DiNapoli Levels. Critical to watch M MACDP at 2887.50 as market fulcrum this week.