priceactiontds

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Bulls got the breakout above and 2 good looking bull bars above the daily 20ema. Above 2407 we can expect bears to give up and a retest of 2460 or higher. Market is amazingly symmetrical. 3 tries to drop below 2300 and we are probably seeing the 3rd try at printing above 2477 over the next...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: We got the breakout to the upside, then the downside and another upside breakout again. Clearly not the continuation of a strong bull trend but a leg inside the trading range. Friday’s bull bar is a bad buy going into next week, which raises the odds of market moving sideways to down. Two...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: Don’t know what to tell you here. Market can obviously go much higher for longer and we can print a couple of higher highs. But I will never join the “this time it’s different” crowd. The only sure thing before bubbles popping is that markets print more and more ridiculous...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes just strongly green. No deeper analysis needed. Support held everywhere and markets just melted again. My top call was as moronic as can be. Markets humble you quickly. Obviously I was not humbled enough so far. Does not change my mind about this peak bubble behavior at the end of this trend...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes mostly had big ups and big downs today. DJI and Russel are pretty wild. Dax puked hard, which I probably announced too many times by now but yeah. 18000 soon. Nasdaq: Refuses to go down. Every 1h bear bar has a big tail below, means bulls are in max euphoria and buying every dip, every...

priceactiontds

Good Evening and I hope you are well. comment: We are probably in W4 of this bear trend and market is moving sideways. If the market can not pull back sharply during big sell offs, tells you all you need to know. Bears are in full control and until bulls can break above the bear trend line which is currently at 60600, bears remain in control. Market is forming...

priceactiontds

Good Evening and I hope you are well. comment: Trading range price action. Elevator up and stairs down today. Helps no one and we have to wait for tomorrow for a clear direction. Market is oscillating around the 1h and the daily 20ema. Fade the extremes until clear breakout. current market cycle: trading range key levels: 18580 - 18800 bull case: Bulls...

priceactiontds

Good Evening and I hope you are well. comment: Good follow through by the bears and a clear break below the bull channel. If we continue down from here, I would be surprised. More likely is another retest from the bulls to 83/84. Selling is strong enough that we have a decent chance of 84.52 being the high of this bull trend that’s now over and we are in a...

priceactiontds

Good Evening and I hope you are well. tl;dr Bears broke the bull trend line for good and market is now fighting for 56000. Bulls want to get back above 60000 to make this a bear trap and keep the trading range alive. Bears want to keep it below 59000 and the bull trend line. Odds favor sideways movement 56000-59000 until the next breakout and my money is on the...

priceactiontds

Good Evening and I hope you are well. tl;dr Bears last stand is 84 and my choppy outlook was drawn 3 or 4 weeks ago. My outlook is the same as last weeks. More sideways movement under 84 needed until bears give up or bulls strongly break above again and we will then most certainly see 86 fast and decent chance this time they get to 90 again. I lean slightly...

priceactiontds

Good Evening and I hope you are well. tl;dr gold: Strong consecutive bull bars in a trading range but still a lower high. Once bulls break above 2406, market is free to go back above 2440 but I wait for confirmation. Bears not having good arguments here for reversing this. Only a strong 1h close below the 1h 20ema would raise the odds for the bears. Quote...

priceactiontds

Good Evening and I hope you are well. tl;dr sp500: 3 Best looking bull bars very late in the trend, breaking above two strong resistance lines. 75% that this is a bull trap and we break down Mo/Tu below 5580 and be on our way to test the daily 20ema and the lower bull wedge/channel line. Will short this on weakness on Monday. Next 500-1000 points are made to...

priceactiontds

Good Evening and I hope you are well. tl;dr Friday I wrote on twitter that the highs are probably in and I will stand by that. Can I be wrong by another 100 points in the sp500? Sure but I doubt it. The patterns to sell down are aligning on the monthly, weekly and daily tf. The buying was more than climactic and we can see enough indicators pointing down or are...

priceactiontds

Good day and I hope you are well. Last time I talked about Nvidia was 2024-06-08 and Nvidia was at 120.8 and my targets were 130/140. We are after the stock split so it's time for an update. comment: Please check out my nvidia #4 post, to see how accurate it was. I wrote that once the W5 or third push up is done, we will see a 10-20 bars sideways to down...

priceactiontds

Good Day and I hope you are well. JP Morgan / NYSE:JPM comment: Clear bull wedge, which means buyers at new highs taking profits and since it's the third push up, the probability of a two legged correction breaking below the wedge is decent. Market touched the weekly 20ema 2 times over the past 3 months and the third time will probably happen soon. We also...

priceactiontds

Good Evening and I hope you are well. comment: Bitcoin did most of it’s drop in the Asia session and finally touched the bull trend line beginning 2023-10. It’s the do or die moment for bulls here. I do not expect this trend line to be broken on the first touch but if bulls fail, it will become a quick flush down to at least 52000 to close the bull gap. Since...

priceactiontds

Good Evening and I hope you are well. dax comment: Uneventful trading was expect, since US holidays mostly go sideways in a tight trading range. Market had a good spike at the open which had to be faded and that was the trade of the day. Other than that, market is oscillating around 18600, which is 25 points above the open of the week/month. It’s do or die for...

priceactiontds

Good Evening and I hope you are well. dax comment: Globex was the low of the day and bulls just bought relentlessly since the EU open. 3 doji bear bars on the 1h chart today will make follow through likely but we are again at the bear trend line in this big triangle and that line held 4 times now. Betting on a breakout is a losing strategy. Wait for it to...