priceactiontds

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures - Same as for dax. Retest of yesterday’s open price and bears could only correct sideways and biggest dip was 5 points. Big bull trend line was support and we are on our way up. I expect 6040 and probably higher. If not tomorrow then next month. We have a perfect channel upwards which leads 6100+. I...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Max bullishness. Bulls bought it all today. We barely made higher highs and are still under 19500 but every small dip was relentlessly bought. Bulls also defended the Globex gap and that fact + that we closed right at the highs is the strongest buy signal going into tomorrow there is. I expect a quick...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra - 19300 was crushed early and we tested 19200 and given yesterday. Market tried to reverse it but failed below the breakout point. That’s bearish on one hand but we closed above the daily and 1h 20ema. Bulls need 19500 and bears 19100. We are trading right in the middle of it and that zone is death for your...

priceactiontds

Good Evening and I hope you are well. nasdaq e-mini futures comment: Market tested the 50% retracement to the tick and reversed up. It also closed above the daily 20ema, so bulls remain in control but barely. Clear triangle on the daily chart and it has room for 1-2 more days but it could also break out big time tomorrow. current market cycle: Bull trend but...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin - Almost 10% correction now. How many bulls bought above 95k for 100k and have their stop below 90k ? My guess is a lot. I still think this is just the usual liquidity grap before another big move up. 87k - 93k is a dead zone for me. We have support with the previous pause around 87k and daily 20ema at 89k. If...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra- Bullish. Globex opened with a big gap up and bears closed it but could not close the gap to Friday’s closing price. This is bullish confirmation and bulls will now poke the bear trend line until it breaks. Bears would need a 1h close below 19300 to make me question this move. Bear trend line held, which is...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Neutral. In my weekly outlook I gave the pullback target 2650 and we got 2616. 2600 is the absolut lowest this should go or bulls are in trouble. Best would be to stay above 2620 and then I expect Tuesday or Wednesday another leg up. My target was 2866 but the pullback was much deeper than expected so my upper...

priceactiontds

Good Evening and I hope you are well. tl;dr gold futures: I was bullish last Sunday and boi did that pay but now is not the time to buy into this climax. Market is way overdue for a pullback but I would not try to pick the top here. Only longs for me on this but only after we have seen some sideways to down movement. Buying is strong enough to expect a second...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures: Bullish. 5 consecutive days where bears tried and bulls closed at the highs. Buy signals do not get better than this. Above 6000 we see 6050 and most likely an acceleration up to new highs. 6100 and 6150 the obvious next targets. Bears need a daily close below 5850 and would still have a bigger...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra: Bullish if we get above 19400 and have a daily close there on Monday. Neutral otherwise. Bullish bias was correct last week and bulls broke above the bear trend line. They have made higher highs and lows and are in control again. I have many blow-off top targets above for all markets and if bulls get follow...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra - Bullish. 3 times bears tried to close below 19000 and failed. Today bears only printed a higher low and the chances for the bulls are good to get above 19260, test 19360 and then melt above to 19600+. If my thesis is correct, market will not drop much again overnight or tomorrow. Anything below 19140ish is...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral below 5990, max bullish above. Bearish only below 5900. I have the close near a bear and a bull trend line, so tough spot for any prediction. I do think after so many attempts by the bears, they have given up and we are now free to do the second round of this blow-off top. Consider me...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. More sideways, all given levels still valid and another disappointing day for the bulls. Also a perfect doji when US closed. If you missed my weekly and the update from yesterday, catch up on those. Otherwise move on. comment: Neutral market around 19150. No deeper meaning until we see the...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - Bullish target was met with 2650 and now it’s big decision time. Bear trend line and daily 20ema was hit. By Friday we will know which way market wants to go. Expecting sideways to down tomorrow but everything below 2600 would surprise me. comment : Very bullish week so far to potentially big resistance. My...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Lower lows and lower highs but a nasty reversal from 18869. The buying was strong but still not good enough for the bulls to take control again. Bears are showing decent selling pressure but getting nowhere. I do think market wants to test higher tomorrow. 19250 is the first target, followed by...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Bullish bias still. The reversal was nasty and we had a very strong close. We are in a nested expanding triangle and if bears are strong, market won’t get above 5950. If bulls do, we go 5980 and the bear trend line next. I lean bullish. Measured move up from today gets us close to the ath and...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - 19350 was my line in the sand for bulls to conquer and high of the day was 19359. Bulls doing their best to make 19150 support again and if it holds a third time tomorrow, we could see 19400 if bulls move above 19350 with some force. No interest in selling this. Play the range 19150 - 19350 until it’s...

priceactiontds

Good Evening and I hope you are well. tl;dr oil - I talked about the previous low 66.72 extensively and today bears dipped below but bulls bought it with vengeance. We are on our way to 70 and a test of the bear trend line from the October high. I do expect the lows to be in and we go higher from here. Best for bulls would be to make 68 support and keep the...