priceactiontds

priceactiontds

Good Evening and I hope you are well. comment: Broad bear channel lives on. Bulls printed a big bullish bar closing at it’s high today, right above the daily ema. Today was bullish enough to expect another leg up to at least 18700/18800. current market cycle: trading range key levels: 18300 - 18800 bull case: Globex made the low of the day and bulls...

priceactiontds

Good Evening and I hope you are well. overall market comment What a time to be alive. Bulls got another huge breakout to the upside which opens new targets above. There is a reasonable chance that this bubble continues much further than anyone could ever dream of, just like all the Nvidia employee’s who sold their stock < 100. Couple more days and half of the...

priceactiontds

Good Evening and I hope you are well. comment: Interesting day. I did almost no updates on the posted chart. The pink breakout line was king again and I shorted it a second time for another 3000 points. I don’t care if the triangle is broken to the upside, when the market turns around again, it was a trap and the pattern lives on in my world. This market is...

priceactiontds

Good Evening and I hope you are well. dax comment: Looking at the 1h chart, its a broad bear channel with lower highs and lower lows but the lows are 66 points Friday to Monday and 84 points from Monday to Tuesday. current market cycle: trading range key levels: 18300 - 18600 bull case: Bulls are struggling to keep the market above the 1h 20ema but...

priceactiontds

Good Evening and I hope you are well. overall market comment Dax continues with daily new lows in a two-sided market. Nasdaq made another ath 48 points higher and broke above it’s wedge. Mixed markets going into tomorrows CPI and FOMC releases. I expect nothing less of a firework to either direction. For sp500 and nasdaq I expect a complete blow-off top if CPI...

priceactiontds

Good Evening and I hope you are well. bitcoin comment: Closed my swing short for big profits, I hope you made some. Next I expect the triangle to play out and probably break to the downside. The breakout-retest at 70137 was as perfect as it gets. Bitcoin’s fate also lies with the CPI and Jpow releases tomorrow. If markets rally, so will btc. If we sell-off, btc...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Can see a diamond pattern on the 1h tf and the recent triangle we are forming. Market is in breakout mode. The move from bar 36 - 44 was strong but afterwards market was in a weak bull channel above the 15m 20ema. The buying above 5360 was weak and I expect bears to trade back down to 5350...

priceactiontds

Good Evening and I hope you are well. dax comment: Bears managed to print a lower low below 18400 but bulls bought it as expected. The recent bear channel is broken and we are in a new bull channel. Trading range price action and you should only buy pull-backs and fade new highs or lows. US session closed it right at Globex high. current market cycle: ...

priceactiontds

Good Evening and I hope you are well. overall market comment Markets went mostly flat today. Dax sears tried and were rejected again and sp500 and nasdaq made higher lows and lower highs. Markets are forming triangles which means we are in breakout mode again. No surprise moving into CPI and FOMC this week. I expect more sideways movement until...

priceactiontds

Good Evening and I hope you are well. bitcoin Quote from last week: bull case: 67600 is do or die for bulls. When this bull trend line breaks, their chances of another leg up are becoming very low. If market turns up again with momentum, we can see 70000 again and there market decides if it can try again of reaching higher prices. So far bulls were...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bear case: Bears are still inside the bull flag and making lower lows. As long as they are staying below 5310-5320, their bear case lives on but is weak at best. They could not get consecutive daily closes below the daily ema and the reversal on Friday made the daily, weekly...

priceactiontds

Good Evening and I hope you are well. dax xetra - this is the first time I post a xetra chart as well. I trade the dax cfd but I want to find out how big the interest in my post is for xetra vs cfd. Only difference is in price. Quote from last week: bear case: Bears making lower highs and lower lows. They closed 3 consecutive days below the daily 20ema and...

priceactiontds

Good Evening and I hope you are well. dax cfd Quote from last week: bear case: Bears making lower highs and lower lows. They closed 3 consecutive days below the daily 20ema and it was the 3rd consecutive monthly close below 18800. They also printed 3 consecutive weekly bear bars. Having said all that, bears sold off for 572 points while the last pull-back...

priceactiontds

Good Evening and I hope you are well. wti crude oil futures Quote from last week: bear case: Bears sold 80 again and will probably take profits here at 77 or try to get 76 again. If they get a breakout below, we will probably test 75, which is a price I thought we would test for 5-7 weeks now. It’s a bad sell here at 77 for bears so best they can get is...

priceactiontds

Good Day and I hope you are well. old futures Quote from last week: bear case: The smaller bull trend line was clearly broken and retested and the higher time frames also give more sell than buy signals. It’s a two-legged correction here to the ema and that is a perfect sell signal. They want follow through on Monday for target 2300. comment: This...

priceactiontds

Good day and i hope you are well. Last time i talked about Nvidia was 2024-02-23 and Nvidia was at 823 and my targets were 900/1000. Time for an update. comment: It's the stock everyone talks about and the peak insanity bubble of this generation before the next financial crisis. There, I said it. Feel free to stop reading now if you don't like it. I look at...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Very similar to nasdaq so if you are a regular reader, I won’t bore you with a long talk about trading ranges. Bears showed some strength from bar 36 - 53 but bulls are still in BTFD mode and as long as that is profitable, this is what they will continue to do. Bulls are in full control and...

priceactiontds

Good Evening and I hope you are well. comment: Bears keep rejecting 71000 and it’s the 4th time bulls touched it. Something has to give, either bulls stop trying or bears defending. My money is on the bears. The bull trend line runs around 68500 and if bears can get below, I am confident that this was the last we have seen from prices above 68000 for a long...