priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Bullish. 95 points below huge support is something. I banged my head against that wall today. Still think the bullish read is good, since market reversed for 200 points from the lows. Bear trend line needs to be broken and then we will likely see 19600 tomorrow or Friday. Below 18900 we flush down to...

priceactiontds

Good Evening and I hope you are well. tl;dr gold - We are at the last stand for the bulls before this is going to free fall down to 2500 or 2400. I have on more open bull gap to 2560 and if that is closed, there is no more support until much lower. It’s obviously max bearish but I won’t short this. r:r is not there imo. comment : Easy to write about. Either...

priceactiontds

Good Evening and I hope you are well. tl;dr oil - Neutral. 3 legs down are done and bulls got a couple of 1h bars that closed above the 1h 20ema. We have formed a descending triangle which will break out tomorrow and I do think a break to the upside is much more likely than below but it could happen. Bulls want 70 and bears 67. Below 67 would be 66.72 but I...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Bullish. Any long near 19000 is a very good trade until we clearly break below 19000. Market is in a clear trading range 19000 - 19648. Maybe bears will retest 19000 tomorrow but it could also just continue to move up from US close. Only a daily close below 19000 would change things. BTFD. comment: ...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin - Max bullish. 100k next. Don’t fight it. I scalp long on strong momentum. comment: No doubt this will go to 100k. The move is so beyond everything at this point, no one will stop this. I would not be surprised if this hits 100k, to then dip 20-30% in 4-8 weeks after that. For now, don’t fight it and join...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Bulls need a strong move above 19600 for higher prices and bears a 1h bar close below 19500. Leaning very slightly bullish because overall market environment. On the daily chart the market is printing alternating bull/bear bars so your guess is as good as mine when this will end. For now it’s...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin: Neutral. If we stay below 85000, we can have a two legged correction from here. Above 85000 I don’t see any reason to not print 100k. Quote from last week: comment: Bulls made the breakout early in the week and retested the ath 73805 but came short couple of points. It’s obviously the mother of all double...

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil futures: Neutral between 68 - 73. Bulls have no tried to have a daily close above 73 for a month and could not get it. Friday’s bear bar looks like the turning point from which we will test lower. First bear target is a daily close below 70, followed by 68 and then 67. I doubt we get below 66.8 and...

priceactiontds

Good Evening and I hope you are well. tl;dr gold futures: Neutral. Market only went lower through spikes, which were followed by a pullback. This is not as strong as it looks and I do think it’s likely that bears get disappointed next week. 2600 is possible but that is the lowest I can see this going for now. Any long closer to 2626 is an amazing trade. I have...

priceactiontds

Good Evening and I hope you are well. tl;dr dax xetra: Neutral. Choppy week with going nowhere. Market was moving sideways while other markets melted higher. Can’t be anything but neutral, since market is contracting in a tighter range. If I had to guess, I’d say bulls have a slightly higher chance of printing a new ath than bears breaking below 19000, just due...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures : Bullish. Breakout was strong with follow through and I have a measured move target to 6400+ and a trend line that runs through 6200. Even if we get a pullback, the first one will most likely be bought and we retest 6050. What would the bears need to make this the ultimate bull trap? One giant...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - Neutral. Bullish read was perfect and good for 300+ points. Now the air gets thinner again. Above 19500 longs are probably not a good trade since the downside is sub 19100 and upside probably limited to 19700 max. If market holds above the 1h 20ema tomorrow, I’ll try longs but if now, we could see some...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. All bullish targets are met for me and I will not long anything above 5980 anymore. Too early for shorts, wait for bears to come around with force. Blow-off top with 6050 or 6100 is not out of the question, so best to join on momentum or sit on hands. Next big points will be made to the...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Same here, 2 daily bars engulfing 2 months price action and market tested the upper bull wedge line for a new ath. We are close enough to 6000 that we can expect it to get hit, everything else would be a huge surprise to me. Can you short 6000? Not blindly, market mostly needs a double top or...

priceactiontds

Good Evening and I hope you are well. tl;dr dax futures - 1 daily bar to almost engulf 2 months of price action. The rejection above 19600 was strong enough to expect that the highs are in but I am not convinced. I highly doubt dax will be flat or lower while wallstreet is doing an early Santa rally on coke. I am much more bullish and expect 19000 to hold....

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Who wants to be long into election day? That question pondered my mind couple of times today but here we are. Surprising bull strength. I said it was too soon for the bigger second bear leg down but today was also too strong for bulls at this point. No bigger opinion on today’s price action. Most markets...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Who wants to be long into election day? That question pondered my mind couple of times today but here we are. Surprising bull strength. I said it was too soon for the bigger second bear leg down but today was also too strong for bulls at this point. No bigger opinion on today’s price action. Most markets...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Most went sideways today and we got some marginally lower lows. That was decent enough to disappoint bulls who were used to BTFD for a long long time now. I do think some expansion of the current range is possible but I doubt we get a bigger breakout tomorrow due to US elections. Will the election effect the...