Sublime_Trading

Sublime_Trading

With the global lockdown in place, many companies have seen huge growth and one of them is Netflix. This is understanding as many people are confined to their homes and looking for ways to keep the family entertained. Netflix started to see its share price rise fast back in April this year but failed to break out of the two year period of consolidation in April...

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The S&P 500 is having a good week so far and as things stand, it looks set to continue the bull trend for some time. Back in May, price broke above the $3000 round number and was looking strong and heading towards the all-time high at $3393. As to be expected, price pulled back which is the case with trends and came back to a major support level. Price pulled...

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Nasdaq is the only Index creating new all-time highs with the S&P and Dow Jones lagging behind, but if the bullish moves continue it should not be too long before they follow suit. The previous all-time high was set back in February 2020 at a high of $9736 which was broken this month. If June’s candle can close above this high at the end of the month then we...

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Gold is showing strength but is still inside a consolidation zone which began on the 14th April. Price attempted to breakout above the consolidation resistance level at $1747 in May but failed. So far, price is looking strong this week and with enough momentum, we may see a breakout soon but we need to wait for it to happen to confirm a continuation to the...

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It was just a few weeks ago where it appeared as though the markets were going to continue its free fall after declining 35% during February and March of this year. After some hectic selling, brought on by the pandemic, the buyers were able to finally regain control of matters and have since pushed price back up 43% so far and counting. The bullish momentum...

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Gold is clearly in consolidation and stuck between a high of $1920 and a low of $1046. This is just Gold’s way of recovering following its 10-year 630% rally prior. During the consolidation period, price was on a decline which almost made it to $1000 and has since recovered by 63%. As long as the current uptrend within the consolidation zone continues, then...

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The S&P 500 is continuing to gain ground and with enough momentum, we should see price reach the $3000 round number. Whether price will successfully break above $3000 is anyone’s guess but we may see it make contact with it in the near future. As the current pandemic appears to be settling down in certain parts of the world, investors appear to be more relaxed...

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Gold displayed strength to the upside during March & April of this year but has started to slow down this month. The reason for the slowdown is due to the recent high at $1747 which is proving to be a problem for price. Despite the hesitation at resistance, price has the 20 simple moving average below to use as support. Price is currently in a squeeze, in...

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Gold was affected by the strong selling in March due to the current pandemic but the fast decline was cushioned by the daily 200 simple moving average. Since the 20th March 2020, price has found its footing and regained the points that were lost and has gone on to create new all-time highs. The bullish move has appeared to have exhausted price for the time being...

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The 20 simple moving average is proving to be a strong level of support for the S&P 500 since the uptrend which began on the 23rd March 2020. On Wednesday of last week, price did decline below the 20 simple moving average but by the close of business on Friday, the sellers lost control and the buyers were able to close the day with a bullish bar. The analysis...

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As the S&P 500 continues to show strength, we can see that stocks are showing signs of strength as well and one of them includes Apple. Apple, like many stocks, suffered a huge decline in February and March of this year as a result of the pandemic, suffering a 35% decline but it has now recovered by climbing up 47%. We experienced a bullish April and so far in...

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It is coming up to crunch time for the S&P 500 as it approaches a pivotal point that could determine the next move in the markets. From the 23rd March 2020 low at $2,191 price has climbed up 34% which is an extraordinary recovery considering how fast price fell in February & March of this year. On the surface, it appears that price will continue the bull trend...

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The FTSE 100 has been held up by a strong level of support over the past couple of months. February 2016 created a low at 5499 which was retested in March and April 2020 and going into May, we want to see momentum to the upside. Identifying major levels of support in advance is very useful because it will give you an objective view of the markets, it also...

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The S&P 500 is now up 28% since the sharp decline we saw back in February/March 2020 following the COVID-19 pandemic. This has been a good recovery for the market so far but there are still some hurdles on the horizon. Price is now comfortably above the 20 simple moving average and is finding support there as well. If the 20sma holds strong as support then it may...

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Last week the S&P 500 was showing near-term weakness and appeared to be moving down towards the weekly 200 simple moving average. It started to show strength by the end of the week and closed with an indecision candle. This week, we want to see further strength to the upside and for price to move up towards the $3,000 round number. This is a psychological area of...

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Amazon has had a nice run from 2014 to 2018 where we witnessed a 645% price rice from $274 to $2,050. Price eventually became exhausted and began to form a long-term period of consolidation where the buyers and sellers have been trying to establish dominance over each other. The resistance level of the consolidation zone also coincides with the major $2,000 round...

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The S&P 500 has had good growth in the last few weeks but the momentum has now slowed down and we are starting to see some weakness in price. This may be a bullish pullback or we may see a continued decline in price. For this reason we are standing aside from taking trades for now at Sublime Trading as we can not predict the next move, but only act once we see...

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Crude Oil made, never before seen, historical lows as price not only fell below $0 a barrel but also went into minus. The lowest oil prices have ever fallen to in the past was a low of $9.75 which occurred back in April 1986. Flash forward 34 years and price has easily sliced through that historical support level. The decline happened as the May oil contracts...