priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr wti crude oil: Bears answered last weeks question on Monday but bulls kept the market two sided and bears gave up at the double bottom below 72. Bulls are creating decent bull bars again and last time they did this we went above 78. Above 75 odds favor the bulls for more upside to at least 77 but we are still low...

priceactiontds

Good Evening and I hope you are well. tl;dr gold: Bulls bought the first pullback and I expect bears to try again. Market went sideways which shows strength by the bulls to keep it above 2500. Next week will be important because so far the highest monthly close was 2472 and a monthly close above 2500 would confirm the breakout again. Bears need consecutive bear...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500: 53 points to a new ath is a small spike at this point. Whenever a market is this close to an obvious magnet, it’s reasonable to assume that it will get there. Will it be a big difference if the high stays below 5700 or goes above 5721? Not really. You simply can not short this and put your stop a tick above the...

priceactiontds

Good Evening and I hope you are well. tl;dr dax: 18700 was my upper target for the week and the high was 18730. Market now created 3 legs up but we don’t know high leg 3 can get. There is no reason to assume bears will begin stronger selling. If 18730 holds next week, consider me surprised. A bigger pullback after a 9% move up is expected but as of now, there...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Strong day by the bears for most markets and on higher volume too. After climactic moves, many traders keep tight stops and won’t let the market run too much against them because they want to secure their profits. Does that mean the market is reversing? Probably not. But deep pullbacks are always possible....

priceactiontds

Good Evening and I hope you are well. tl;dr Gold - Bears created a pullback but could not even touch 2500. It’s a little less bullish as of now because the bull trend line broke but market is still above 2500 and the daily 20ema so odds favor another the bulls. If bears create follow through below 2500, I turn bearish for 2450 or lower. comment: Neutral...

priceactiontds

Good Evening and I hope you are well. tl;dr Bitcoin - Sideways again but the first close above the flat daily 20ema and bulls will try to close the bear gap again. Can go both sides but shorts are slightly favored at the top of trading ranges. comment: Bulls keep buying the fn dip and we are making higher lows again. The bear gap to 64000 is open for now...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - All green, all good. Bulls want more climactic buying but have to settle with grinding it up. Bears are not building enough selling pressure to print consecutive bigger bear bars on higher time frames. Only look for longs until that changes. As of now, there is no reason not to expect much higher prices and...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Got their expected pullback but indexes have still not touched even the 4h 20ema. Markets closed near their open which was near yesterdays close. Mostly. Since bears could not even print something than a bear doji, we can expect more sideways at the highs before we will probably get another breakout...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Got their expected pullback but indexes have still not touched even the 4h 20ema. Markets closed near their open which was near yesterdays close. Mostly. Since bears could not even print something than a bear doji, we can expect more sideways at the highs before we will probably get another breakout...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - That reversal is something you will not witness often while you are alive. I don’t think there are many arguments beside’s “short squeeze” that could produce such a violent move but then again, who cares why. In my weekly outlook I wrote that I can only be neutral going into this week and all was looking...

priceactiontds

Good Evening and I hope you are well. tl;dr Bear channel continued down and next target is probably 72 if 73.5 won’t hold. Pure weakness in this market. quote from my weekly update: bear case: Bears need a daily close below 74.5 to trade back down to 71/72. comment: Look at that beauty of a channel. Holding like a true champ. Market is much weaker...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Bears were in a rush on Monday and printed a climactic bar down to 49111 but bulls bought the dip. As I am writing this, market is falling from 61000 to 58600 and going. Bears reversed it right at the daily 20ema and kept the bear gap to 64000 open, which is very strong by the bears. We are...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Easy analysis. We are 4 points above last weeks close. We are in a triangle and exactly at the midpoint, again. Market is as neutral as it gets. Don’t make this more complicated than it needs to be. Either buy low and sell high inside given range or wait for a breakout. comment: Bulls...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Market got to 5100 way faster than I expected but it was climactic selling and a pullback was expected. Not much difference in reasoning compared to dax and the same would apply to the nasdaq. Market is trying to find the big sellers again and we are probing higher. We will most likely hit...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment : Above pretty much described exactly what happened last week and for now all my bearish targets are met. I still expect another test of the lows. These tests can be higher,lower or pretty much the same. You never ever know in advance and you have to trade it as it comes. After that retest we...

priceactiontds

Good Evening and I hope you are well. comment What a time to be alive. Panic selling and now panic buying. Many markets are close to completely reversing the move from last week and Monday. For bulls to just slice through the bear trend line and every technical resistance there was, is something you will not see often on a daily chart. You can’t be anything but...

priceactiontds

Good Evening and I hope you are well. tl;dr Gold - Insane price action tbh. Technically lower lows and lower highs but 40 points down and then 30 points up is also something special. I do think the 2519 highs can hold but it’s only reasonable to be neutral while the market oscillates that hard around 2500. comment: Neutral after today but market is still...