by the admin | Oct 7, 2021 | Articles, Forex, S&P 500 - SPY, Stocks, USD
tomorrow brings NFP and markets are pretty coiled up for it. The risk trade is in focus and this can of course push a number of other markets along with it. On the lucky side, VIX slid back below 20 today so premium isn’t as expensive. Straddles can look more...
by the admin | Sep 15, 2021 | Articles, S&P 500 - SPY
I still remember when there was massive skepticism around QE. It was artificial, and basically just a fake leg for global markets until politics could get their shit together and fix the structural problems that had shown at the time. Those problems were pretty...
by the admin | Sep 12, 2021 | Articles, AUD/USD, Forex
Last week was a reversal type of outing for AUD/USD, and next week may carry some more as the pair began to budge below the psychological level at .7375. Combine this with a bearish stoch signal and the door appears open for downside in the pair next week. Of...
by the admin | Sep 11, 2021 | Articles, AUD/USD, Forex
As looked at in the article on Psychological Levels, AUD/USD has had a particularly impactful. Just since March of last year: The .5500 level caught the 2020 and what’s currently the 18 year low in the currency pair. The .8000 level currently marks the...
by the admin | Sep 11, 2021 | Apple, Articles, Stocks
Looked at the setup earlier this week, Apple testing Fibonacci resistance, as taken from a 141.4% extension. That’s led to an $8 move off of the highs, with prices now getting back into the territory of short-term support. Buying opportunities may follow next...
by the admin | Sep 11, 2021 | Articles, Cardano, Crypto
Many other cryptocurrencies remain on their back foot. Not Cardano, the green cryptocurrency. As looked at on Wednesday, the coin has broken out to the upside. The levels looked at on Wednesday held true, although timing the breakout proved more difficult than...
by the admin | Sep 10, 2021 | Articles, Education, Forex
As an American coming into the FX market was a weird thing. At the time, stocks weren’t stonks and didn’t always go up. The FX market was unregulated and there was crazy amounts of leverage available, meaning the industry brought out all kinds of unsavory...
by the admin | Sep 10, 2021 | Articles, Gamestop, Stocks
Can’t count the apes out. As long as the FOMC flow remains robust, the apes will continue to swing. When or even if interest rates come back, that might change but for now, people are taking crazy risk because the Fed wants them to do so. Don’t blame the...
by the admin | Sep 10, 2021 | Articles, Crypto, Ethereum
ETH/USD continues to coil, putting in another test of support at the same Fibonacci level looked at earlier this week. This is right around the 3350 level, which could be considered as a short-term psychological level, giving a bit of confluence to this zone. That...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
Stocks have pulled back a bit. After the early morning breakout, the S&P failed to hit the r2 zone and instead, pulled back. After breaching through s1, prices immediately ran down to s2 and are holding there now. This is a buy setup into the close, s1 initial...
by the admin | Sep 9, 2021 | Articles, Education, Forex
We’re social creatures, we just can’t help but notice what each other is doing. Even those that say that they don’t care about what others think; ya, well that’s a carefully crafted statement designed just to engineer what you think about the...
by the admin | Sep 9, 2021 | Articles, Crypto, Ethereum
Ethereum (ETH/USD) support is holding for now at the spot looked at yesterday, taken from around the 23.6% Fibonacci retracement. The bounce has been mild but perhaps most importantly, the selling has ceased and this keeps the door open for bounce potential.
by the admin | Sep 9, 2021 | Articles, EUR/JPY, Forex
EUR/USD is still holding above support after this morning’s ECB rate decision, still in profit from yesterday’s Euro setups. EUR/JPY has started to look a lot more clean, too, continuing the bearish engulf setup that was looked at yesterday. Bearish...
by the admin | Sep 9, 2021 | Articles, Cardano, Crypto
Cardano is right back to resistance after spilling lower earlier. The level in question is a Fibonacci retracement plotted at 2.6095. So far, it’s held three separate tests over the past day, each of which has failed. This has led to what looks like a dirty...
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
S&P bounces on the open, takes out ‘r1’ to open a bullish break and price is now heading for target 2, the ‘r2’ zone looked at earlier 452.81-453.06.
by the admin | Sep 9, 2021 | Articles, S&P 500 - SPY, Stocks
S&P 500 Daily Levels & Setup Bullish backdrop, looking for short-term breakout There’s two big zones on either side of price, with a thick zone as ‘s3’ and a thin zone as ‘r2’ – each of which come from prior unfilled gaps...
by the admin | Sep 9, 2021 | Articles, Cardano, Crypto
Just posted about Cardano running into Fibonacci resistance. Looks like that resistance is going to hold, already the coin has folded back almost a full dime. Already almost back to the 2.45 area, which remains as support and can keep the door open for bulls.
by the admin | Sep 9, 2021 | Articles, Cardano, Crypto
Cardano was brewing a breakout, as looked at yesterday. The 2.45 level was key as this was a prior all-time-high that had come back in as short-term resistance. That level has now been broken as bulls have taken their swing, and prices are finding resistance at a key...
by the admin | Sep 9, 2021 | Articles, EUR/JPY, EUR/USD, Forex
Working through early part of ECB and so far we’re 2 of 2 from the setups looked at yesterday. EUR/USD is bouncing up from support at prior resistance, and EUR/JPY is falling through breakout support. EUR/USD Hourly EUR/JPY Tests Through Support After Bearish...
by the admin | Sep 9, 2021 | Articles, Crypto, Dogecoin
Dogecoin trying to set a bottom. Tuesday spill led to a Wednesday doji, steps one and two of a morning star. There’s also some support context, taken from 14.4% Fibonacci retracement of the May-July sell-off. Bullish setup, targeting confluent resistance zone...
