Education
May 13, 2020
Daily trading analysis video with Jamie Saettele (13/05)
May 13, 2020
ES broke the noted level at the end of the day. 2885 is now resistance if reached and general focus is towards the 2637/97 zone (yellow box). The bottom of this zone was resistance in March. It’s also the 38.2% retrace of the decline from the February high. The top of the zone is VWAP from the low and the 3/13 high.
May 12, 2020
Bitcoin has just gone through its third ‘halving’ since it launched 11 years ago. The event takes place roughly every four years to cut the reward given to miners for solving complex mathematical problems using high-powered computers.
May 12, 2020
The S&P (looking at SPY here) remains magentized to the 61.8% retrace of the decline from the high. This is also the September 2018 high and May 2019 high (that’s right…exactly flat over the last year). Good spot to turn down?
May 11, 2020
Many analysts feel that we are not out of the woods yet. We see most economies talking about lifting social distancing restrictions, which means that we can drive our cars to the petrol station, but we aren’t likely to be heading to the airport anytime soon. Manufacturing may begin but it will probably limp back to life as companies will have to ease the workforce back, slowly and safely, and perhaps with limited production.
May 11, 2020
Boris Schlossberg is one of the most familiar faces in forex, in part thanks to his regular appearances on CNBC and at major industry events.
May 11, 2020
Since reaching the long term parallel (magenta line) on 4/13, gold has traded sideways. Price rolled over last week from short term trendline resistance so be aware of the lower boundary near 1683. A break below there would leave price action since 4/13 as a consolidation top. Immediate downside focus would then be the 3/31 low at 1576.
May 8, 2020
The devastating effect of Covid-19 on the US economy became clearer on Friday with the release of the highly anticipated US employment report.
May 8, 2020
WTI traded into the 2016 low today and reversed lower. My working assumption is that crude is building a bullish base. 18.20-19.20 is the zone to watch for the next low. This zone is defined by support and resistance since late March.