LegendSince

16:38

LegendSince Updated 

Today is an important day as it marks the first day of a new month, giving me the added advantage of analysing the full month’s candle close as well as a weekly close. Here, I share with you how fundamentals this month affected price action and where in the medium to long term the market can reprice up/down into. The highs for the month is 4.809% The lows for...

09:09

LegendSince

Bitcoin and the Stock index market are amazing for comparing how fundamental news impacts these asset classes. Both markets don’t have a strong correlation when we look at the price charts but the biggest thing they have in common is Artificial Intelligence meaning any negative news that is released will affect the price of both classes classes. We have seen...

04:24

LegendSince

Gold shoots to all-time highs with no sign of slowing down. It’s like, the more pain and hardship that we all feel benefits the upwards notion of Gold. The markets loved the idea that tariffs were being implemented in Canada, Mexico and China but the bigger question is…. how long can this last for?

12:48

LegendSince

A lot more indecision on the monthly timeframe, closing bullish inside of the previous monthly candle. Does this signify a possibility for a short term rally? In this analysis, I cover the possibilities of a retracement back inside of the weekly range or a continuation into the higher timeframe arrays.

09:49

LegendSince

Similar to Nasdaq and S&P, although we have closed bullish for the month, Donald Trump has made an announcement that tariffs will be placed in Mexico, Canada and China at a rate of 25% & 10%, which the market did not seem to like on the Friday. Intraday timeframes tell a different story to what the macro market structure is dictating. Short term, we could be in...

06:02

LegendSince

Nasdaq was set for weekly losses due to the rout that DeepSeek caused; revealing the breakthrough they had with low-cost artificial intelligence models. This caused a bloodbath in AI linked stocks. Technically speaking, we closed the month bullish but was still within a price range of the previous month, December 2024. Anything higher than 50% of the December...

10:09

LegendSince

S&P breaks the two week winning streak, finishing 1% down in rough trading conditions as China’s AI push weights amid bevy of corporate reports. With the news being released by Donald Trump that 25% tariffs will be imposed on Mexico and Canada + 10% for China, this could be seen as a bullish signal for the stock index. But sometimes bullies don’t always get their...

13:51

LegendSince

June 2022 was the last time we witnessed a major bullish run reaching into macro imbalances @ 110. Donald Trump was elected in November 2024 and ever since, we have witnessed a similar run, in which Dollar punished those who were short based on market trend and sentiment at the time. Many long term traders saw 106 as ‘safe’ price point to place their buystops...

09:01

LegendSince Updated 

Nasdaq is trailing higher, just as ES and YM are but the market to watchout for is ES. Refer to this weeks analysis of ES to gain a deeper understanding. Unlike ES where i am targeting all-time highs, I am more fascinated with the midpoint of the highs and open of the 16th Dec 2024 weekly candle as I would like to study how price reacts from this area.

10:41

LegendSince Updated 

A rally to ATH is always a good sight to see but what I don't want to see is a fake out, especially in the higher timeframes like the weekly or daily. Candlesticks like doji's, shooting stars just above ATH can increase the likelihood of a retracement back down into previous inefficiencies. For the next two weeks, we all are going to be on a wild ride!

08:04

LegendSince Updated 

When Technicals talk, I listen. Weakness is starting to show inside of a premium range after an attempt on all-time highs whilst Donald Trump made an announcement on Monday. As somebody who is pro-crypto, such speeches should strengthen the price of Bitcoin but the opposite happened. Smart individuals buy when there is panic in the marketplace and there is...

06:00

LegendSince Updated 

FOMC did not play out as expected! Here, I explain how FOMC affected the technical between YM, NQ and ES.

07:03

LegendSince Updated 

Explosions will hit the market very soon. The question is.... Will you get hit?

06:48

LegendSince Updated 

It seems like everyone is piling on the gold gravy train as it looks to make new highs in the coming weeks. With a high level of volatility entering the marketplace over the next two weeks, expect sharp market swings on the intraday timeframes and don't get caught up! Rate announcements on Wednesday, next week will be the determining factor on whether many will...

09:14

LegendSince Updated 

Parity in the euro can't come without a MAJOR event happening. In the meantime, it would be in the market makers best interests to prop up the euro short term, giving the illusion that due to euro being 'stronger' than it was a few months ago, it's the best time to invest in Europe bla bla bla... Once many of the huge funds, whale traders etc placed their stops...

10:44

LegendSince Updated 

With a strong rally in the dollar index when Donald Trump was chosen to be president, it caused a lot of foreign currency to weaken. GBP being one of them. Time and time again, we have seen lower lows form and you just have to ask yourself when will this ever change. The good news is, short-term bullish runs to inefficiencies is still a high possibility going...

11:05

LegendSince Updated 

For the next two weeks, expect high levels of volatility in the marketplace as anytime interest rate announcements happen, wild movements up and down tends to follow up with that. We will see some form of market structure shift in the following weeks. The question is will it be during China's bank holiday or after when the UK is releasing their interest rate figures....

09:00

LegendSince Updated 

Bond prices have been getting slaughtered for several of months and with the uncertainty around Donald Trumps potential tariffs being placed on China is causing the market to rangebound. Although the market has been on a freefall since September, there are periods where you are able to eek out some profits if your willing to go against the grain, especially when...