priceprophet

priceprophet

The DJIA hasn’t regained it’s strength. It has now two failed attempts to break 26000 and hold it. March closed only 12 points higher than February. The DJI is still caught in S/R with ranges being vast. Currently sitting in the 2018 S/R range of 26951 - 23360. The weak attempts at breaking 26000 and holding it have lead to a third attempt. Historically, if...

priceprophet

DJI broke below 21 day MA. This is producing a sell signal pointing at ~24,688.

priceprophet

An overlapping bar formed on Friday giving a soft trigger down to 54.33 Anticipating Monday to readjust this value and create a bounce off of the 21 EMA. Still looking for a price increase to ~60.86

priceprophet

Looking for 27292 zone. Heading to the ceiling. Can we break or will we see resistance?

priceprophet

Stuck in consolidation. Fell back into second layer of S/R Price projection is showing between 51.17 - 51.07 for a bottom price.

priceprophet

Over the last four trade sessions the market prices have pushed out of their average trade ranges and yesterday 3 of the four not only closed above their average trade ranges, but the high and the low of the day were above the average. Today the fourth followed suit. The primary markets are highly overbought at this time and will adjust themselves. Historically...

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The stage has now been set. We are still missing some of our actors. Yet, the show must go on. 26951 - Ceiling for 2019 21712 - Floor for 2019 That is ALOT OF CONSOLIDATION. From 2010 to the end of 2017 the average monthly range (High to Low) was between 700 - 1000 points a month for the Dow. December 2018 did 4267 points January 2019 did 2471...

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Since Jan 9th oil has been trading sideways. It has generated 2 S/R levels. The first it generated was 53.29/49.71 and the second between 54.29/51.88 At this time there are no triggering effects for directional movement in either direction. On January 22 an engulfing bar formed with a negative close, this bar gave hint that it was going to take the prices...

priceprophet Updated 

The AUD is showing major weakness while the USD is displaying equally major strength. This is the pair with the highest indication of shorting. Then today, we got a present in the form if an engulfing bar. January 24th presented an engulfing bar. This bar has a projection value of .69545 or (-.01385) The daily ATR is ~.66 so it would be a little two days of...

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Looking for a small dip to ~50.33 before a return to the upside. If you feel you have missed out on the ETFs, buy in when the oil prices get around 50.33

priceprophet Updated 

December brought us what some articles have stated as being the worse month since the great depression. December did the following. Covered 4267.68 points (January - November only covered 3256.43) Erased gains back to September 2017 Gave us the single best day on record of over 1000 points run up It didn't make it back above 23360. It missed it by a couple...

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Some elegant prose should be offered here to usher out 2018. Perhaps a bow of the head and a moment of silence. Last trade day of the year. What are we to expect? Fridays trading was underwhelming. The price rose to 23381, testing the floor of the S/R level (23360) which was set back in February 2018 and broken last week. Closing the week off at 23062. Now,...

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This week has been eventful. For those who are using inverted ETFs to ride the fall of Oil down, you have had a shaky week. This week will continue into the next. The ceiling of 49.5 has yet to be tested. The 21 EMA is in the way and should provide the resistance required for move the price back down. The price projections have 47.8 - 48.09 as target prices...

priceprophet Updated 

Dec 26th was amazing. Complete range of 1166 points before final close setting a single day record. It was to far to fast. Why did it happen? Because the DJI is to the negative, outside of the S/R range that was established in the beginning of 2018. For price projection calculations, this can prove catastrophic with results being as low 14250 range. The DJI is...

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I know I haven't written much about the EURUSD in recent weeks. The reason why is that it is a bag of mixed nuts at the moment. The daily chart is full of signals that contradict each other. Which translates into "Don't trade me at this moment." There has been no clear signals from this pair as to its intention. And it is understandable as to the why. With the...

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Breaking through the 49.5 floor and in to new territory. It is time to test the new ceiling of 49.5 WTI has shown room to shave off a few more cents down to around ~$44.37. Then a return to the ceiling to validate it. A soft ceiling means high prices are possible. A solid ceiling will indicate a return to our bear oil market.

priceprophet

I am going to go ahead and call for it. The bear in the room eating everyones lunch and no one wants to talk about it. The prices tapped the 21 EMA on the monthly chart and on the weekly charts it is pointing for 21300 range. We are 10 days into the month and the ATR is above average at 2098 ticks compared to an average of 1368 I don't know how much longer this...

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Caught in consolidation, S/R range of 54.54/50.09 The pricing has allowed the 20 EMA to catch up (as of: Dec 5, 2018). If you are looking to get into and ETF/Future regarding oil. Wait until you know which direction it will choose. With a S/R of 54.54/50.09, place your alerts on the outside of this range to find which direction it just broke toward. There is...