Tsla Chart Tsla increasing volume for the upside
Overwhelming amount of buyers 1st Resistance at 830
Powellput
100-DMA probes gold’s recovery ahead of Powell’s TestimonyGold’s rebound from seven-month-old horizontal support fades below 100-DMA during early Tuesday. The failure to extend the corrective pullback joins bearish MACD signals to keep gold sellers hopeful ahead of the key testimony by Fed Chairman Jerome Powell. However, a clear break of $1,760 becomes necessary to tease the bears. Also challenging the metal’s downside could be the swing high of late March, around $1,755, a break of which could direct the commodity prices toward the yearly low of $1,676, with the $1,700 act as an intermediate halt.
Meanwhile, an upside clearance of 100-day SMA near $1,795 precedes the $1,800 threshold to guard gold’s short-term upside moves. Also testing the bullish attempts is the mid-May lows near $1,808 as well as the $1,842-43 hurdle. In a case where the XAU/USD remains firm beyond $1,843, the early month low near $1,856 and the yearly resistance line close to $1,910 will be crucial to follow.
Xauusd long trade.In this trade I am looking to take a gold above the resistance created at the 1740s in order to go ride the buy to retest the overall resistance created at the 1754.
When is this cluster fuck going to dump? Are we there yet? My ANALytical skillset is telling me $400 on this bitch before we dump but my ego is telling me to short this party bus now and take the girls home. You can have the driver (his name is Jerry) but I am taking Ivanka with me. Dont fight the FED they said.
ES1 idea using MFIthere are some rising wedges that intersect around 3070. I believe that will be the high of the day, all depending on Powell speech and Trump Chyna news today. I will begin to buy July expiration puts as it gets close to TP
If MFI does not for some reason get overbought by 4pm today, we can expect they will get pumped to overbought Sunday night, and we would open Monday morning with a gap up, most likely to TP of 3012. IF (big IF) this scenario were to happen, I would buy more puts Monday morning for a quick flip as we go toward the oversold zone.
Just an idea of mine, lots of variables. Good luck
~ Toinfinityand...
FOMC Bounce SetupSome slightly bearish indicators to start the week off.100-hour VWMA has essentially been flat for almost two weeks, bearish divergence on the 100-hour CCI and fisher transform.
Looking for a pullback to or below the $279 level before going long SPY/QQQ April calls for the FOMC meeting. With the FED, the president and the banks working in coordination to backstop any correction in this market, we can expect more of the same. Bond yields continue to be suppressed for a reason - to push cash out of bonds and into stock.
