Key Resistance: 3990 Key Support: 3860 The SP500 has rallied strongly since the last pullback from mid February to the beginning of March (-6.16%). After that 2 week pullback it rallied 7.17% to all time highs to see another pullback to last week´s lows (-3.41%). It has now retested and is in the process of […]
The Nasdaq has been really strong post Pandemic drop. Really strong and I have been in and out long quite a few times. The last one was during the US elections. That move Yield a nice 15% win for me. This trade was during very volatile times and was in not a signal as high […]
Key Support: 61.00 Key Resistance: 65.00 – 67.50 Crude has been rallying hard since the Pandemic hardline quarantine rules started to ease worldwide. More air travel and less restrictions means more demand for crude derived products on a period where the OPEC had contracted their oil output to face the fast decline of prices. Fast […]
Key Support: 1.2480 – 1.2380 Key Resistance: 1.2630 The CAD has been very strong against the USD since mid March 2020. The USDCAD in particular has been dropping non-stop since then (-15.80%), breaking with massive key levels in the process. The past 2 weeks the USDCAD has rallied inside a bearish continuation pattern (+2.12%), and […]
Key Support: 32710 Key Resistance: 32800 – 33000 The Dow (US30) has been trading in a bearish structure since the highs on March 18th to the lows yesterday in a -1172 pip move (-3.52%). Yesterday we saw a big wave of buyers coming in from the lows pushing price up to retest the weekly pivot. […]
Key Support: 0.7570 Key Resistance: 0.7700 – 0.7750 – 0.7850 The AUDUSD has again rejected the 0.7520 level after dipping almost 300 pips (-3.74%) from March 17 highs and 445 pips (-5.60%) from the February 25th highs. The AUDUSD is still very much in a big bullish move and this level of support is capping […]
Key Support: 6660 Key Resistance: 6733 – 6760 The FTSE has been in an up move for the past 3 weeks rallying 5.40% from low to highs. From the highs of last week it has fallen -2.46% from high to low rejecting several times the 6660 level in the process. This down move has been […]
Key Resistance: 3940 Key Support: 3900 – 3870 The SP500 has been in a bearish structure from last week printing lower highs and lower lows. This price move comes after a +7.10% move since the last 3 weeks. We can see the SP500 is now capped to the upside by the 3940 level which confluences […]
Key Resistance: 1740 – 1745 Key Support: 1720 – 1700 Gold has been trading in a pullback structure since the beginning of March with the highs being at the previous week´s highs around the 1755 level. Now price has printed 2 new lower lows but still making higher highs. This means price is contracting inside […]
