priceactiontds

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....

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes - No good news for the stock indexes. Dax and DJI closed green but dax ended US session still below the daily ema. Dow was rejected at the 40k mark, which was to be expected. Bulls will probably try that again tomorrow. SP500 and Nasdaq pulled back some more and bears finally closed a bear bar...

priceactiontds

Good Evening and I hope you are well. gold futures Quote from last week: comment: Market stayed above 2300 and it’s time to reevaluate my take on this. The bear trend could very well be a two-legged move inside a trading range 2300-2477. So going forward I have clear invalidation points for both drawn outcomes. If bears keep it below the daily 20ema which is...

priceactiontds

Good Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: Strong week by the bulls with 3 pushes up but still a lower high. Their next target is to get back above 80.22. Right now they have momentum going but big down, big up mostly creates confusion and that means trading range. Above 79.5 I will probably long for 80. They...

priceactiontds

Good Evening and I hope you are well. bitcoin Quote from last week: comment: Currently my favorite market to trade and comment on because I’m hittin dem swings big time. And because btc permabullz are entertaining and salty af. Market is clearly trading down again and they shout from the rooftops that we will print 80/100k soon. In all seriousness. Clear...

priceactiontds

Good Day and I hope you are well. sp500 e-mini futures Quote from last week: bear case: What do the bears have going for them? Nothing and if anything, pure speculation and low probability stuff. The chart is showing multiple wedges, we are clearly in multiple third pushes up (W5) and volume is drying up. Once the institutions begin taking profits on the...

priceactiontds

Good Evening and I hope you are well. dax cfd Quote from last week: bull case: Bulls see it as a small pullback and a sell vacuum on Friday to the big round support 18000. They want to create the same reversal as they did on 2024-04-19 with a 2% up day. The pullback in late March and April was 13 days long while we are in a 21 day long pullback. Bulls also...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Interesting trading day to say the least. Globex rallied 27 points to 5587 where it stalled for couple of hours and then before US opened the floodgates were opened. Just strong selling throughout the day with huge bull spikes in between. Bears accomplished a drop of 23 points from open to...

priceactiontds

Good Evening and I hope you are well. bitcoin comment: Let’s review the 4h chart because market is respecting the 20ema on this tf big time. Every touch has been sold since last Monday. The current low at 64000 was not deep enough to touch both lower bear trend lines so either we get another lower low or 64000 is bigger support and we will touch one or both...

priceactiontds

Good Evening and I hope you are well. overall market comment Indexes had their expected trading range price action today. Mostly what happens after huge days. Markets are in balance here, which is good for the bulls. Commodities also all green today. Oil is grinding to 81/82 while Gold is moving sideways under the daily 20ema. I expect Oil to pull back soon...

priceactiontds

Good Evening and I hope you are well. sp500 e-mini futures comment: Nothing fancy to report here either. Market is in balance and bulls poking at 5560. They want a break above for 5600 and will probably get it soon. Bears shorting the resistance at 5558ish and making money but will be quick to give up, if this trades above 5563/5565. current market cycle: ...

priceactiontds

Good Evening and I hope you are well. bitcoin comment: Laid out my plan in my weekly post, so check that out if anything is unclear here. Market is forming another bear wedge which could break above again for another pullback. I expect the pullback to be weaker than the one to 67000 and it could stay below 65000 if this is uber bearish. If bulls are tough, we...

priceactiontds

Good Evening and I hope you are well. Nasdaq. 20000. What else can you say. The AI bubble will be in the history books and Michael Lewis will write a book about the insanity that’s going on. I sincerely hope they bring the exact cast back from the big short. You can quote me on this one. Over the next months, you will read about companies cutting back on...

priceactiontds

Good evening and I hope you are well. Let's do some single stock trading ideas. Palantir. comment: The stock that lives on hopes and dreams of people who know few about IT and much less about data & analytics, much like Snowflake. Go look at the Snowflake chart. When I have read the ipo price in 2020 I told everyone it was a bubble and the stock should trade...

priceactiontds

Good Evening and I hope you are well. wti crude oil futures Quote from last week: bull case: The best the bulls can hope for, is for the lows to hold and to move sideways and hit the daily ema again. They failed at keeping it above 75, which was huge support. Last bear leg inside this bigger trading range was 11 weeks long from high to low and we are...