Premarket 31.03.2016

Hello everyone,
Today we are pointing to bearish market, the situation remains the same as yesterday closing market price moving within the bearish channel and with clear signs of going back for more.

News:
Unemployment Claims at 13:30 GMT +1.

On the hourly chart we see the price stumbled with the roof of the bearish channel as the base of the bullish channel in the area of ​​40.00. And it is normal that we saw a decline in the price. This setback puts us back in downtrend. If we see the picture a little more closely we see yesterday with crude inventories institutional began selling. Sales validate us bearish trend.



In the Ticks chart, we have exactly the same picture, a little more adjusted price movement. If we look a little closer, we see after the downward movement the price has moved within the channel and has completed 2 impulses, is third impulse leads us to 37.25 but is the important support 36,00.



So while the price does not go up 38,00 make a pullback and continue the trend, I will look for shorts below this level.

Good Bye and Good Trading.

Comentarios

Publicar un comentario

Entradas populares de este blog

EN TENDENCIA

Imagen
Tal como se ve los gráficos pintan mal a no ser por que estan tan sobrevendidos que es normal que recuperen algo de lo perdido, esto se verá el día en que los insiders desagan sus posiciones cortas y entren largos lo cual se traducira en un aumento significativo del volumen. Despues de ello el DJI ira de nuevo a provar los 8.000 que como no, coincide con el 50% de retroceso de Fibonacci. Si las cosas pintan igual apuesto a que ira a tantear los 6500. El Ibex ha cumplido mi objetivo a largo en en corto como se ve está cerca de la línea de tendencia así que irá ha probarla con toda seguridad. Y si Papa DJI decide romper los 8.000 que dios nos pille confesados. Saludos y Buen Trading.
Leer más

Premarket 08.04.2016

Imagen
Hi everyone, It looks a great day, after the Yellen speech markets stop the downtrend and now we are in the opposite side. Now we need to confirm that uptrend and the Vix give us the the final track. Let's go to see the Charts. Dax: Very bullish, upward gap an now is moving inside the  channel. I expect a rotation to the downside of the channel to look for long opportunities. The position that you see in the chart is now out the market, price reaches my stoploss. NQ: Also very bullish and yesterday it stoped a unbalace area. Above 4.500 very bullish for today. TF: Despite the uptrend it is still in a bearih channel and we should see the price above 1.100 to think en long positivon. CL:  After inventories report and yesterday with Yellen this chart is also bullish. Also I expect a rotation a least to 50% of the bullish chanel. As yerterday the uptrend will be confirmed by the Vix. Good Bye and Good Trading.
Leer más

Closing Bell 20/04/2016

Imagen
Hi everyone, Today I repeated most of my yesterday mistakes, and the result show it. Finally the markets look bullish with the exception NQ, that is still sideways. News for tomorrow: Unemployment Claims, a major news before the opening bell. For tomorrow I expect a bullish market, and the NQ try to break the highs. Good Bye adn Good Trading.
Leer más