Why not 61% retrcmnt,200ma(purple) & trendline? ….. Cause its NQ weeklys? just saying…
Category: Weekly
Longer time frame market analysis, usually on Weekly or higher time frame
Euro, Dollar and Gold
Hey Traders, Lets take a long at whats going on with x-King Dollar, Euro and the oh-so-precious metal. Firstly, Dollar has been trading in the channel, and yesterday, after another round of rumors about replacement reserve currency, this time from UN , had made a new yearly low. It has also reached some very oversold…
Weekly SP500 Update
Hey Traders, this market refuses to pullback for more than few hours with bullish sentiment and various market internals continue to set record highs, all that is rather irrelevand since only price pays and we (traders) have to make the most of intraday opportunities since only price pays. Firstly, lets take a look at weekly…
Two Major SP 500 Trendlines Tagged Today
Hey Traders, two majors trendlines were tagged on monhtly and daily charts today: Left is monthly, right is daily. Now here is a zoom out view of the two, firstly 40yr old channel from previous weekly updates: and sp500 daily: Will keep watching key levels closely to start building bearish case, first ES support level…
Weekly Market Analysis
Hey Traders, After once-in-a-decade July lift off and continued momentum push through August, capped off by last week’s opex shakeout with a push to new highs, markets are now in the ignore zone, where good/bad news, earnings, currency events simply do not matter in the face of momentum and performance chasing funds. For a month…
Twitter / Vlad: New Rally Targets
$SPX zoom out time ~1050 – backtest of 40 yr old channel, 1120 – 50% retracement of whole bear market $$ (while sentiment and BS remain at record levels, technically, after new highs there aren’t many reasons as to why SP500 wouldnt reach those levels)
Resorting to Megaphones
Dips continue to be bought relentlessly in this market. Sentiment remains at record highs. Only encouraging things for the bears (if there are such things 9pts off yearly highs after 50+% runup) is that late money is selling, as opposed to late day ramp ups. All that is rather irrelevant in this game of performance…
Weekend Market Analysis Aug 2nd Week
Hey Traders, SP500 has now rallied over 50% finding itself in a very interesting place, with bullish sentiment at all time record bullishness: and also right at 38% retracement of the whole bear market which also happened to be the backtest of two previous channels, which have stopped this rally at least on Friday: Sentiment,…
Weekly Dollar and Euro Analysis
Hey Traders, some incredible currency moves last Friday. Dollar has clearly has been in steep downtrend helping fuel the recent rally. After breaking down below two yearly lows for the dollar, it managed to close back above that support, with incredible bearish sentiment on the dollar with only ~3% dollar bulls earlier this week, the…
Monthly Market Analysis
Hey Traders, one of most historic months in market history is behind us, while I mostly trade off of 377tick & hourly charts, it is important to know where things stand in the bigger picture, so lets throw all the bias out the windows, rewind things 40 years back and take a look at monthly…