priceactiontds

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Bulls bought the big after hour dip yesterday and had a big rally but damn that was some big and fast selling in the last 2 hours of the US session. What did we learn today? Shift into Dax and DJI, since they just melted again and new ATH on both (dax xetra, not futures though) and rest of the markets made...

priceactiontds

Good Evening and I hope you are well. tl;dr Oil - News again which let the market rip for 285 ticks but above 67.7 we saw bigger profit taking and a decent pullback to the 30m ema. Kinda in the middle of the range and I am not trading there. Also no opinion on where to go next. Around 77 I favor bears to get back down again and around 74 I favor the bulls....

priceactiontds

Good Evening and I hope you are well. tl;dr Gold - The triangle broke above but bears sold it hard for a retest of the minor bull trend line at 2530. We are now in a nested wedge and the bigger but broader bull channel. Market is mostly moving sideways though. Expecting for the wedge to break tomorrow and it could go either way. gold comment: Globex session...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Some decent selling today but tis just a dent compared to the bull rally from the previous 3 weeks. Nvidia numbers were in line but the buyback should have been good enough for more euphoria and instead nasdaq puked for 200 points. I do think bears are favored tomorrow but will need follow through below...

priceactiontds

Good Evening and I hope you are well. tl;dr Bitcoin - Lower bull wedge line hit like written yesterday. I favor the bulls to trade back up to 64000. If bears break below 60000, bulls could give up and we could go back to 58000 or lower. comment : Interesting place right now at 62000. The bull wedge is alive for now but bulls need to buy here at the daily ema...

priceactiontds

Good Evening and I hope you are well. tl;dr Indexes - Yeah I spare you your time. Markets have no idea where to go right now but I think Nvidia earnings can move it for good. Absolutely no opinion on those earnings and how market will react. I don’t like to gamble on such things. sp500 e-mini futures comment: I won’t conjure much words today for a market...

priceactiontds

Good Morning and I hope you are well. tl;dr Oil - Breakout above happened as written in my weekly update. Only looking for longs now. Want 79 and then 80 before I expect a more complex pullback. quote from my weekly update: short term: Bullish above 75.1, bearish below 74 for retest of 72 or lower. comment : Bulls just continued on Monday and my 75.1...

priceactiontds

Good Morning and I hope you are well. No update yesterday after hours since I was so sick I just had to sleep. That was the first miss since almost a year ago or 202 publishes if you will. Update would not have been any different since Globex did not move anything much. tl;dr Indexes - Most markets moved sideways so I will not pretend there is much value to...

priceactiontds

Good Evening and I hope you are well. tl;dr bitcoin: I was neutral last week and until Friday that was perfectly fine. Bulls just used the overall market strength to break above and finally closed above 62000 again. They closed the bear gap which was the only good argument the bears had left. Market is free to test 68000 or higher. Bears would need a strong...

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...