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…
April 1st Daily Market Summary
Hey Traders, very bullish today in the markets, initially seemed that markets were going to roll over and look for retracements of the whole rally down below, all that was thrown out the window when “better than expected” economic data and your tax dollars went to work. Here is our good friend 100K contract bar:100kAs…
Bob Prechter on Silver & Gold
By Nico Issac In case you hadn’t noticed: Over the past year of financial turmoil, the “safe haven” premium of precious metals has offered about as much support as a rubber ducky in a tsunami. Despite a string of powerful rallies, silver and gold remain well below their March 2008 peaks. It goes without saying…
April 2nd Intraday Analysis
Update 3:38pm EST: target of box trade is exactly 23.6% retrace of the rally 827.25boxtrade Update 3:20PM: 863.50 was tagged and selling off, looking for 837.5 and 831 to trade for further direction Update 3:07pm EST: Failed new high / possible intraday double top would be confirmed by trade below 831. 827.25 is still the…
April 2nd Daily Market Summary
Hey Traders, another day of of pain for the bears today as ES continues to grind higher at all cost (or at taxpayer cost). Since Wednesday’s low all pullbacks have stopped at 23.6% retrace from that low with only one to exactly 38%. I have been calling for a bounce at 827.25 in intraday analysis…
Short Term Euro Support Levels
Good Evening Traders, after such big move in the euro pull back is expected, here are few significant support levels to watch on further pullback. eurosupport1.3355-1.3364 if a fib confluence zone with previous resistance that should serve as support. 1.3317 fib confluence and 50% retracement of the recent rally. Cheers
Friday’s Job # Sell Off Target
Good Evening Nocturnal Traders, if we do get a sell off prior or after 8:30am EST, 810.75 seems like a very high probability bounce area being gap fill and 50% retracement of the move up started on Wednesday. targetforjobsselloff Enjoy
April 3rd Intraday Analysis
Update 3:30pm EST: daily AL tested again to the tick watch 831-834 range breakout for further clues Update 3:20PM EST: daily AL touched to a tick. Watching for further direction and trend clues. break below 828.5 would be bearish, even though in last half hour technicals tend to go out the window Update 3:05pm EST:…
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…
Interesting Week in The Markets.. To be continued..
Hey Traders, congrats on making it through another week, this was one wild week that went something like this: es100k1 stock-market2 Check back for daily, weekly update and some cool new stuff later this weekend. Cheers and have a great weekend!