priceactiontds

priceactiontds

Good Evening and I hope you are well. comment: Very tight channel up from 23142 but only 1 bear bar since then and in the absence of bear bars, we can only assume sideways to up movement. current market cycle: bull trend key levels: 23000 - 24000 bull case: Bulls want to print more higher highs. We are in this bull channel for the whole July now without...

priceactiontds

Good Evening and I hope you are well. comment: Bears had two legs down and the reversal from 24000 was strong enough to doubt this can go below 24000. I do expect some form of re-test of 24000 but the buying since then was insane again. Not a single 1h bar dropped below the prior one. current market cycle: trading range key levels: 24000 - 24600 bull case:...

priceactiontds

Good Evening and I hope you are well. comment: Melt-up and bears failed to close below last weeks high, which means we are still max bullish. Until bears print below 23200, longs just make more sense than trying to look for shorts. current market cycle: bull trend key levels: 23000 - 23500 bull case: Bulls remain in full control until we get a daily close...

priceactiontds

Good Day and I hope you are well. comment: Prior weeks close was 24332 and this was it was 24386. Bulls need to continue with higher lows and bears need to break below 24000 for lower prices. Not more magic to. current market cycle: bull wedge key levels for next week: 24000 - 25000 bull case: Bulls are still in control until we print lower lows again. We have...

priceactiontds

Good Evening and I hope you are well. comment: Selling down from 24400 to 24300 on high volume and the bears just gave up and market showed where it really wants to go. Almost without resistance we just grinded higher for 24500. No more obvious resistance until ath. current market cycle: bull trend key levels: 24000 - 25000 bull case: Bulls want to leave the...

priceactiontds

comment: Bond markets are going ballistic. Fun times ahead. Technically it’s a trading range under ath and bears are too weak to print any decent bear bar on the daily tf. current market cycle: bull trend key levels: 22600 - 23300 bull case: Bulls are might fine. No daily bar is closing on it’s low and we are printing bull bar after bull bar. Daily 20ema is...

priceactiontds

Good Evening and I hope you are well. comment: Very important day tomorrow. If we trade below 24000, this means we saw leg 1 from 24749 down to 24100 and leg 2 could lead us to 23500 or lower. Until we have clearly broken below 24000, I remain neutral but hopeful we can finally go lower again. current market cycle: trading range key levels: 23000 - 24750 bull...

priceactiontds

Good Evening and I hope you are well. nasdaq e-mini futures comment: The biggest surprise for next week would be a huge gap down Sunday futures open and having that gap stay open. If bears could actually do something like that and trap all bulls who bought above 22600, that would be amazing. Spoiler: Bears could not. Another gap down and bear trap. It’s sad...

priceactiontds

Good Evening and I hope you are well. comment: Third leg up is done and now it’s all about how long do we need for a lower low below 23680 again. For now I don’t know since we have another risk-off news but of them were bought the past 3 months, so I remain skeptical. Too early for shorts but I think longs near 24000 are likely good for a bounce to either retest...

priceactiontds

Good Evening and I hope you are well. comment: 50% retracement of the last bull leg is pretty much exactly 24530 and low of the day was 24531. Could always be a coincidence eh. Bull gap still open to 24383, so do not look for shorts. I doubt we will go red into the weekend unless we get bad news. Technically we could pull back to the bull trend line 24200ish but...

priceactiontds

Good Evening and I hope you are well. comment: Bears just need to do more. As long as we are not leaving behind bear gaps, bulls keep buying the dips. Wait for long pullbacks if we keep making higher lows. The bull channel is also still valid. current market cycle: bull trend key levels: 22700 - 23300 bull case: As long as Bulls stay comfortably above 22500,...

priceactiontds

Good Evening and I hope you are well. comment: Not many times a month where the chart is as clear as this one. Every pattern can fail but you have to take these setups because they work more than they fail. Market is clearly refusing to go down, so don’t try to short it yet. current market cycle: trading range - bull trend on the 1h tf key levels: 23600 -...

priceactiontds

Good Evening and I hope you are well. comment: Market is ignoring every risk under the sun because the US government is too incompetent to follow-through with their excrement show. Beyond me that we are staying up high. Got no better comment for you today. current market cycle: bull trend key levels: 22500 - 23100 bull case: As long as bulls stay comfortably...

priceactiontds

Good Day and I hope you are well. comment: Neutral. Chart is still max bullish but I have no more targets above and I’m fine with this going without me. Below 22600 I will start looking for lower targets. Until then best bears can get is sideways around 23000 but we will get a big move Monday/Tuesday once we have an answer on the US-EU tariff shit show. A good...

priceactiontds

Good Day and I hope you are well. comment: Neutral. Clear triangle on the daily chart and mid point is 23850. Week closed at 23900. Market is in balance and I think it’s completely 50/50 for both sides where the breakout will happen. Given the tariff shit show, I would wait for it to happen and be flat until then. If they apply 10%+ tariffs on EU imports, we go...

priceactiontds

Good Evening and I hope you are well. comment: On my weekly chart I think this W4 was too deep to be part of a strong bull trend. 24000 is a decent spot to go sideways rather than up but above 24100 means I’m likely wrong and bears could give up for 24500+. I would not look for shorts until we see better selling pressure again. The Globex spike from 23681 to...

priceactiontds

Good Evening and I hope you are well. comment: Big down, big up. Clear trading range. Play it until broken. current market cycle: bull trend on higher tf but trading range on the 1h tf key levels: 22500 - 23000 bull case: Bulls want 23000. Nothing changed. Bulls buy every dip below 22670 and until that stops, we stay at the highs and chances of higher prices...

priceactiontds

Good Evening and I hope you are well. comment: If I had longs for 24400+ I would really doubt my position right now. Problem for the bears is, that it’s not low enough to be definitive. Only below 23600 we are making lower lows again and those can not happen in bull trends. Strong enough selling but I have my doubts that bears get follow-through tomorrow....