priceactiontds

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...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - SP500 and Nasdaq outdid themselves today again. You still can’t convince me this is another breakout above. SP500 is still marginally higher and it’s a trading range at the highs. Nasdaq broke above the bull wedge and channel and I absolutely expect it to fail over the next 1-5 days and...

priceactiontds

Good Evening and I hope you are well. nasdaq e-mini futures comment: What a bull day… Just straight up buying all the way up. Market did not touch the 15m ema once since 30mins before us open. Happy for everyone who were long since below 19970 and held. Still a lower high but given the strength of today, some follow through is expected. current market cycle: ...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - SP500 and Nasdaq had bull trends from the open and almost went up in one straight line on higher time frames. Both produced lower highs but given the strength of today, we can expect some follow through tomorrow. If bears somehow manage to reverse here and keep the lower highs, there is no...

priceactiontds

Good Evening and I hope you are well. dax comment: Funny thing for me is the fact that ath to June high is about 200 points, June to July high now is about 200 and low of the week was 200 points below that. Markets eh. 4h chart tells it the best I think. Market touched the big bear trend line from ath and was rejected heavily. Bulls have going for them that the...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - Quick one today because markets did the obvious thing and we learned nothing from this trading session. Commodities - Gold is not worthy to be written about today. Oil was bullish as expected to 83.40 and 84/84 were my targets for many weeks now. Bulls can do some more here but it should...

priceactiontds

Good Evening and I hope you are well. bitcoin Quote from last week: comment: Guess what. Anyone looking at this chart who tells you to buy for anything higher than 66000 is a permabull in denial. The last time a daily bull bar closed above its midpoint was almost 3 weeks ago. The bull trend line from 2024-02 is clearly broken. Market touched the weekly...

priceactiontds

Good Evening and I hope you are well. Quote from last week: bull case: Bulls see the green support line and want to keep it support and keep the market above 2300/2320. They stalled the market long enough that not enough bears want to push their luck, selling the lows here. They also managed to print 2 bars above the daily ema, which makes the market more...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls will probably retest the highs or even make a higher high soon. First pullbacks / low 1, is a buy signal in a bull trend. After that retest, I - again, have nothing for the bulls. We are at the peak of this bubble imo and that’s where you get cautious and not...

priceactiontds

Good Evening and I hope you are well. Apple comment: Stock is trying to break above the bull channel that has been holding for 2 years. Many rejections above 208 but bulls keeping it above the trend line. Until bears can push this below 205, the daily ema and the bull trend line, bulls are in full control. Can you buy up here and hope for more upside? I would...

priceactiontds

Good Day and I hope you are well. A quick one on #baba again Alibaba Quote from last post: " The stock found it's bottom and points upwards. Many tails around the 68/70 area below and big bull bars now appearing. The monthly 20ema will most likely be hit soon, where I expect a pull-back to then break above to the 100$ level again. China is printing again and...

priceactiontds

Good Day and I hope you are well. dax cfd Quote from last week: comment: Sell vacuum theory was spot on. Bears printed 2 big good looking bars right to huge support and got no follow through. Bulls used it to trade back at least to the daily ema and 2/3 of the move. Huge price level around 18400/18450 with the ema. Bulls want above to test upper expanding...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - Bit Groundhogs Day much. Another small green day for the bulls and again, all markets stayed inside their ranges. Triangles live on. Atrocious to trade if you don’t like to scale in with wide stops. Markets are clearly in breakout mode and tomorrow could be the day imo. My base assumption...

priceactiontds

Good Evening and I hope you are well. gold comment: Daily ema at 2346 and we closed 2339. Bulls can’t close above it and bears can’t break below 2300. Today was strong enough for bulls to try and get a second leg. Measured move is up to 2375ish. current market cycle: trading range key levels: 2300 - 2360 bull case: Bulls first target tomorrow is to stay...

priceactiontds

Good Evening and I hope you are well. nasdaq e-mini futures comment: Bulls got their expected pullback but on the daily it’s an inside bar. We are in a trading range and the market is probing for the fair price currently. Bulls want back to the highs again and bears want a second leg down to test the big bull trend line 19500ish. I expect more sideways price...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - Pullbacks as expected. Markets are looking for the fair price and that’s why we get big down, big up. Slightly favoring the bulls to continue higher but just slightly. I wait for a breakout tomorrow. Bitcoin had a bullish day but look at the daily chart. It’s a small bull inside bar....

priceactiontds

Good Evening and I hope you are well. wti crude oil comment: Trading range at the highs but bears printing bigger bars and they broke out of the bull channel that started 2 weeks ago. Measured move down would bring us to around the breakout retest price area 78.5 / 78.8. Bulls still want to break above 82 for 83/84 and test the bear trend lines again. current...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Expanding triangle on the 1h tf and that’s a form of a trading range. Big up, big down, big confusion, more sideways likely. 5530 is the most important price currently at about the middle of the range. Did the bears do enough damage today to expect follow through tomorrow? I don’t think so....