priceactiontds

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Bull trend is losing steam but still very bullish. Every dip is bought and market is mostly staying above the 4h 20ema. My measured move target upwards is around 72000. Do not look to short this is my advice and only look for strong bull breakouts on pullbacks. Trend kinda had 3 pushes up...

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Only question right now is, is that minor bear trend line support at 78.6 holding or do we break below? Friday was a big bear bar closing on it’s low and we can expect follow through but we don’t know if we get a lower high first. Not more magic to it. Horrible place to initiate trades, you...

priceactiontds

Good Evening and I hope you are well. Quote from last week: bear case: Bears made another amazing trade selling above 2440 and since this was the third time, they are confident they can push the market lower to at least 2300 again. The selling was strong enough for a second leg and right now a measured move would bring us exactly to 2300. Coincidences huh....

priceactiontds

Good Evening and I hope you are well. Quote from last week: comment: Increased volume on the down move is telling you that this one is the real one. Over the next months, market will test down to the bull trend line from 2023-10, which is also where the weekly 20ema is. Friday we stopped around the smaller bull trend line and it’s a decent place to expect...

priceactiontds

Good Evening and I hope you are well. Quote from last week: bull case: Bulls and bears alike knew the recent high at 18900 was a bad buy and they tried to save their bull case on Tuesday but once Wednesday came around and 18700ish was resistance the third time, they gave and we only produced lower highs since. Best bulls can hope for now is to keep it above...

priceactiontds

Good day and I hope you are well. Last time I talked about Nvidia was 2024-07-06 and Nvidia was at 125.8 and my targets were 117 first and later 100. Low was 106.3, so my last post was good for 9$ or 15%. Hope you made some. comment: My reading from 3 weeks ago was correct but market did another bounce in between to form a nice lower high double top. Yes, double...

priceactiontds

Good Evening and I hope you are well. comment: Big down, big up, big confusion. Market closed 60 points above where it opened but still a bear day. Since we broke below the shallow bull trend line on the daily chart, this is no longer a triangle and bears increased their chances of making new lows below 17844 over the next days. current market cycle: trading...

priceactiontds

Good Evening and I hope you are well. comment: A trading range after a strong move is more often than not the final flag. Yesterday we formed a late trading range and bulls had a strong move up today, which makes me believe that the sell into the close was the final flag, rather the start of another leg down. Market is at huge support with the bull trend line...

priceactiontds

Good Evening and I hope you are well. comment: On such a strong bear day, there is no need for any analysis on lower time frames. The 15m 20ema held since Globex and selling anywhere could have made you a lot of money today. I updated my daily chart to show the most reasonable next targets. The old ath was 18223. So another 1000 drop for a retest of that. Just...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - By now I have wrote more than enough, that the last weeks formed the top for the next months or years and my top call was pretty fucking close. Today was another example for a change of market character. Bulls got trapped again and now everyone knows, that the bulls are running for the...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes moved mostly sideways and that’s good for the bears. Even decent or in line earnings could not take this rally further, instead we sold off into the close and broke the minor bull trend lines. For tomorrow I expect more downside price action to test the lows. Commodities - Gold moved...

priceactiontds

Good Evening and I hope you are well. comment: Bulls are in full control, despite a red day. Market barely going down and still 3000 points above the daily 20ema. Expecting another retest of the highs or higher highs over the next days. current market cycle: trading range key levels: 53000 - 72000 bull case: Bulls want another bull gap to stay open,...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes pulled back as expected and laid out in my weekly post yesterday. Although a bit stronger and faster than I expected. Dax for example already reached it’s 50% pullback to the tick and bears want this to be the high and reverse hard from here. Commodities - Gold is also trying to find a...

priceactiontds

Good Evening and I hope you are well. comment: Not too much to add after the dax analysis. 50% pb for sp500 is 5632, so market has some room higher. Daily 20ema is around 5600 and I do think the odds of the market turning down again to test the lows or make lower lows, is higher than going above 5630. current market cycle: Trading range until 5500 is clearly...

priceactiontds

Good Evening and I hope you are well. Quote from last week: bear case: Bears are at the exact same spot as last Sunday but just a tat higher. They want a big reversal again at multiple resistance above 18800. They also see all the rejections from the past months at this level and shorting here has been very profitable. They also know it’s a bad buy for the...

priceactiontds

Good Evening and I hope you are well. comment: Bull trend is losing steam but still very bullish. Every dip is bought and market is mostly staying above the 4h 20ema. My measured move target upwards is around 72000. Do not look to short this is my advice and only look for strong bull breakouts on pullbacks. Trend kinda had 3 pushes up already but until the bull...

priceactiontds

Good Evening and I hope you are well. comment : No deeper analysis needed today. Could have sold anywhere and made money. Tomorrow will be key for next week. Best case for the bears is a weekly close below 19700 but anything below 20000 would suffice. current market cycle: climactic bull trend with overshoots is done. Market will probably range some before we...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes all read except DJI. Given the overbought conditions especially for the russel, tis was expected. Tech selling continued and is accelerating. For Nvidia all but 1 remaining bull trend line are broken and if bears can close the gap down to 114, they can probably print 100 over the next...