Mar
09

Gold rolling over

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Posted by tradingpoints in Commodities, S&P

Spot Gold rolling over from 1142–1157 Fib clus­ter. Bear­ish below 1118–1123

 

S&P 500

Mon­day was the nar­row­est trad­ing day in the last 7. Typ­i­cally a break of the pre­vi­ous day’s high or low has prices trad­ing in the direc­tion of the break for the bal­ance of the day.

Mar
08

Protected: 11:15 S&P Futures updated levels

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Posted by tradingpoints in S&P

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Mar
08

Protected: S&P Day Trade Signals for 8 Mar

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Posted by tradingpoints in S&P

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Mar
08

8 Mar Forex Review

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Posted by tradingpoints in Forex

$EURUSD

Price action above 1.3705 tar­gets high daily and weekly resis­tance closer to 1.3806

$EURJPY

Advanc­ing smartly from last week’s Daily DeMark Sequen­tial Buy Sig­nal into daily resis­tance this morning.

$GBPUSD

Recov­er­ing smartly from last week’s death spi­ral. Short term bull­ish above 1.5030–65

$GBPJPY

The imme­di­ate counter trend rally is bull­ish above 135.75 but cur­rently over­bought at 240 min and daily resistance.

$AUDUSD

Aus­tralian Dol­lar bounced off weekly sup­port at 8571 and is now bull­ish over­bought at weekly sym­me­try resis­tance at 9175 is just over 1 month. Updated Sup­port lev­els for mul­ti­ple time-frames

$USDCAD

Cana­dian Dol­lar weak and look­ing to test weekly sup­port lev­els at 1.0028. Imme­di­ate pat­tern bear­ish below 1.0340

$USDJPY

Mak­ing all the right moves to carve out a bot­tom. A daily close above 91.29 is needed to turn the corner

Fol­low me on twit­ter @tradingpoints

Mar
05

S&P Futures field position 10:45

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Posted by tradingpoints in S&P

S&P futures remain bull­ish on the 15 min and 60 min charts above 1125

Mar
05

Spot Gold rolling over from 1142–1157

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Posted by tradingpoints in Commodities

A 60 min close > 1142 tar­gets 1150–57 but it looks like Gold is rolling over from 1142–57 resistance.

Mar
05

Euro Yen finally lifting off from Daily DeMark Buy Signal last week

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Posted by tradingpoints in Forex

Mar
05

Jun Bonds

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Posted by tradingpoints in Commodities, Uncategorized

These secu­ri­ties are cur­rently get­ting a bid from Euro prob­lems and Infla­tion no-where to be seen. Bar­ring some geopo­lit­i­cal event, the cur­rent rally is counter-trend


 

Mar
03

Updated S&P futures Fib levels

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Posted by tradingpoints in S&P

Mar
03

Monthly Employment Numbers on Friday should whip markets for next two days

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Posted by tradingpoints in Newsletter

Always tough to game Non-Farm Pay­poll report (NFP) but Friday’s num­ber may lead to reduced volatil­ity as traders posi­tion theme­selve before the report. With daily and weekly num­bers at weekly resis­tance in the US and China mar­kets, it seems to tempt­ing to short before the report. How­ever, weekly prices have not bro­ken down in the S&P and it is always much bet­ter to trade the reac­tion to the news than to posi­tion heav­ily in front of it.

S&P 500

Tues­day was a NR4 day, nar­row­est trad­ing ses­sion in last 4 days. Break­ing yesterday’s high or low should have the indexes trad­ing in the direc­tion of the break for the bal­ance of the day. How­ever with NFP com­ing on Fri­day, range trad­ing (sell­ing small ral­lies and buy­ing small dips) should deter­mine short term mar­ket direc­tion as traders posi­tion them­selves for Friday’s report.

Euro

Spot Gold

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