priceactiontds

priceactiontds

Good Morning and I hope you are well. Let's do some SAP today because they just reported earnings. current market cycle: Strong bull trend is done after 3 pushes up and market is now correcting. Earnings were utter garbage and W1 could go much deeper and so will the targets below. I will update this, once market found bigger support. key levels: 170-185 -...

priceactiontds

Dax Quote from last week: bear case: Bears showed strength this week and bulls continued to take profits. Every bounce was sold and this pull back is now as deep as the one we got from mid 2023-12 to early 2024-01, which is around -4%, which is, given the +28% rise, almost nothing. Now we are at the first very important level to determine the strength and...

priceactiontds

Good Evening and I hope you are well. Let's review my short term outlook from tesla #4 2024-04-03.. "short term: 150-160, earnings in 2 weeks should bring us below 150 and on our way to 100-110." Earnings being released on Tuesday after US close. I have absolutely not edited anything from the drawn wave thesis 2 months ago. This stock is in a strong bear trend...

priceactiontds

Good Evening and I hope you are well. Today nothing moved the markets and I was humble enough to book some early profits and scalps before US open. I left it at that and am very happy with that decision. Days like this are the death for inexperienced traders, so if you lost money today, train on a paper account when market is this choppy. Leave your ego at the...

priceactiontds

Good Evening and I hope you are well. bull case: 50 points down and 60 points up. Unreal price action for this Market. Bulls bought where they had to, to stay inside the broad bull channel or expanding triangle. Call it what you want, you trade it the same. Since Fridays sell off was so extreme, I rather be humble as a bull and take my profits on weakness. Retest...

priceactiontds

Good Evening and I hope you are well. overall market comment Last week was expected until Wednesday, as markets mostly moved sideways. Two weeks ago I concluded the most recent bull trends had their trend lines broken and the daily 20emas also. Wednesday’s CPI print was a bit above forecast but reminded markets that maybe not all is well buying into the highs...

priceactiontds

Good Day and I hope you are well, prev. outlook from 2024-03-13 Quote from my #3 Tesla update: "tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish." and the second quote: "bear case: Nothing bullish about this stock at all. Bears are in full control and selling...

priceactiontds

Good evening and I hope you are well. Today bears actually showed up and bulls began the profit taking. Very refreshing to see some two sided trading and not making more ath. I do think for all indexes the selling was strong enough to get another leg down, which then is mostly a third leg or W5 and markets are or will then trade at bigger support prices, trend...

priceactiontds

Good Morning and I hope you are well. WTI Crude Oil bull case: Still inside the bull channel but market get’s more two sided trading. I can’t see another strong leg up but more trading range price action between 80-85. 85 Should be the max here and the very big triangle will probably play out over more months. Upside is probably very limited here. bear...

priceactiontds

Good day, I hope you are well and enjoyed the holidays. This is my post from before US Session open today, sorry for posting late here. overall market comment tl;dr monthly update: The following are my very rough guesses what could happen over the next 6 months and why this trend is on it’s last leg Q1 earnings will show weakness and market stops making new...

priceactiontds

Good evening and i hope you are well. sp500 e-mini futures bull case: Bulls got the more up but barely. The high today was 3 points below the ath and that qualifies as a double top. Do we trade down from here? I don’t know. If bulls can keep it above 5300, it’s as bullish as it gets. Many support lines below on the chart and bears not doing enough to make...

priceactiontds

Good evening and i hope you are well. Gold Quote from my weekly post: short term: Neutral. Bulls could break above 2200 again and bears could also break below 2140. bull case: Market seems bullish enough for 2220 test again and i think it this time it will break again for retest 2247. I’d be surprised if we get big sell volume around 2220 again. Market...

priceactiontds

Good evening and i hope you are well. I was totally already writing the update with the most annoying small trading range price action in mind (obviously not the dax) but then the bears used the power hour to extend the range downwards. If anything i’d guessed we close near the open. Interesting going into tomorrow and if bears can generate follow through or at...

priceactiontds

Good evening and i hope you are well. Let me start today with a beautiful quote, which is often repeated in some form or another and indefinitely more people do not grasp. As we’ve discussed, every security is a claim on some set of cash flows that will be delivered to investors over time. Yet at any given moment, the only two things that determine the price of...

priceactiontds

Good day and i hope you are well. From my weekly outlook yesterday... bitcoin bull case: Bulls bought the weekly low below 61000 big time and produced a big enough reversal bar to make me think that they can get a measured move from it and that would also align with a retest of the highs or making another ath above 74000. They need to get follow through...

priceactiontds

Good evening and i hope you are well. Markets want green across the board and that means acceptance. Bears can’t deny it because they are not doing anything to stop this so higher prices are the higher probability here, no matter how overbought everything is. The only possibility i can dream up currently is that this quarter was so utterly overbought, that we...

priceactiontds

Good Morning and i hope you are well. Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now. No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...

priceactiontds

Good evening and i hope you are well. Markets another selling round today, after the much higher than expected US PPI created big bear bars that were quickly sold, just to break below again. Bears then could not keep the momentum going and most markets ranged afterwards. Oil did exactly what i said it would do for many days now and the 82 target is within...