Hey Traders, another huge FX day, with “King” Dollar setting some major lows, here is % of average range summary:GCQ09 194.4SFU09 186.0DXU09 167.6ECU09 157.4BPU09 152.3JYU09 127.3ADU09 105.8YMU09 89.0TFU09 81.1ESU09 72.6CDU09 71.2NQU09 67.5Another crazy week, with most important thing to take away from a week like this is that market momentum (or whatever else gets credited/blamed)…
Category: Weekly
Longer time frame market analysis, usually on Weekly or higher time frame
Weekend Market Analysis
Hey Traders, Another crazy week coming our way with 150+ SP500 companies reporting earnings, record 235B in auctions and plenty of econ data to spice things up. Over the past 2 weeks bulls have completely turned things around and now are in full control. On weekly charts we got second consecutive close back inside the…
April 5 – 9 Weekly Market Analysis
Good Evening Traders, This has been a shortened week, but some significant technical damage has been and also some key levels are not too far from here. Firstly let’s take a look at the daily chart: Very impressive move on Thursday with ES gaping above key resistance line on the daily chart, holding and closing…
Gold Outlook
Hey Traders, Gold has certainly taken quiet a hit lately and has broken some significant support levels, with likely test of another key area after this consolidation with possible slight pullback. There are some factors which negate technicals big time, for instance check out recent Reuters Article Anyhow, here is a look at charts:golddaily1On the…
Whats next for Gold?
Good Evening Gold Traders, looks like Gold broke some significant technical levels and is breaking down, down over $20 on the night as I type this. Bears should be careful at these levels, as it seems that some support levels are not too far down from here. golddaily 855.3 is 50% retracement from multi-year lows…
Weekly Market Summary Mar 30 -April 3
Hey Traders, very signifiant week in the markets technically. Regardless of this being biggest 4 week advance in the markets sine 1933, charts suggest that there might still be some room on the upside. esdaily1ES emini futures have managed to close above fib confluence zone at 832.75 with authority on two consecutive days, after taking…
Key Levels on EC / Euro
Good Afternoon traders, last week euro has traded very nicely in respect to the fibs with few long term ambushes being hit to a tick. Here is a look at Euro DailysecdailyEuro remains in ambush consolidation zone with 200 day moving average now in the short ambush zone. Ambush range expansions have been working very…
23.6 The Magic Fib of This Bear Market
Hey Traders, while doing hw on the charts for the week ahead, I found something very interesting. 23.6% retracement of the whole bear market was a great target for all the snapback rallies we have had to date, especially once the bear market became very extended. If history repeats itself, after seeing the recent low…
Weekly Summary for March 30 – April 3
Even though I personally do not trade long term, or even swing trade, it is always good to know where we are on the weekly time frame: ES has put in a first green weekly trend candle, if we do resolve to the upside this week producing another green candle that would be rather bullish…