US PRE MARKET The S&P 500 Futures trading at 2,384.20 with loss of 0.19% percent . Other U.S. stock futures are lower in pre-market trading on Monday. The Dow Futures are trading at 20,940.50 with loss of -0.19% percent. The Nasdaq Futures trading at 5,598.38 for a up with +0.32 percent. The Russell Futures trading Read More
News
After the slow and creeping decline of the last 7 weeks, there came the passing week with a strong bullish week, gap up, managed to test the all time High levels and negating all the bearish setups that had been made on the Daily and Weekly timeframes lately. The Monthly bar of April closed bullishly, Read More
A rather bullish week has passed, respecting the Monthly Low at 2317.75, closing the Weekly bar above the 8 EMA short term sentiment line. But still, it was a LL LH Weekly bar. Currently, the market is still in a bearish setup to take out the Monthly Low, reaching 2310 before another bounce up is very Read More
The tensed price action on the middle of the range (2350-2355) has brought more volatility and the Monthly bar has expanded to the downside. On the last trading day of the passing week, Thursday, the price has declined sharper and penetrating the Daily lower Bollinger band, what makes the chances for a V bottom to Read More
The passing week was very misleading as of its Daily price action, and most of it was comprised of sideways action. A bullish opportunity that the market introduced throughout the week has turned into a trap as Breaking up the Weekly High last Wednesday turned into an Upthrust (false thrust up turning into a reversal Read More
After reaching the target of last November’s Spring at 2400, the month of March ended eventually as a relatively wide range bar closing in the middle. This is not a classic Doji, not in the shape and not by the meaning, and is more kind of a stopping action bar. The fact that on the Monthly Read More
Since the US elections, the passing week has been the most bearish week we had. Most of the decline took place last Tuesday, where after the Upthrust made on the first half of that trading day (False thrust up turning into a reversal to the other side), there wasn’t any question as for the direction Read More
The passing week has turned the bearish sentiment of the former week into sideways action, closing as a HH HL Weekly bar. The market is in a bullish setup to reach the upper side of the range, at 2398, created due to a failure of the bearish setup the market had set. The Daily bars Read More
Six consecutive bullish Weekly bar sequence was terminated by mostly a sideway action LH LL week. The last LL LH Weekly bar that didn’t end as an inside bar took place at the last week of year 2016. The interesting picture is that currently we have both Bullish and Bearish potential setups. Taking out the Read More
Another bullish week has brought the price to the 2400 target, a target marked for the Monthly spring bar of last November (US elections). The market is pretty closed to the target of the Semiannual pinbar on sloping 8 EMA – of the first half of year 2016, at 2430. Currently, nothing in the Daily Read More