Premier markets education Week 10/27/17
Highlighting potential areas of price exhaustion/ acceleration for the coming week
Focus time horizons – Daily: Focus markets: SPX/ Nasdaq/ WTI/ Gold/ DXY
Methodology – We attempt to identify levels within the chart where price could not stay for any length of time, therefore indicating the probability of willing buyers or sellers in or around these areas. 
In a sentence:
“The SPX looks overbought from a technical perspective, as it trades far, far away from its most recent upward trend-line –therefore risk is skewed to the downside currently”
Current trend: UP / Current resistance: 2576/ Current support: 2480 (origin of most recent move i.e. breakout level)
Candlestick sentiment: Long tails and ‘doji’ like patterns (shaded area) suggest indecision at current levels.
Upcoming catalyst(s) to be aware of: FOMC Statement Wed Nov 1st
Highlighting potential areas of price exhaustion/ acceleration for the coming week
In a sentence:
“More erratic trading of late (wider intraday % moves), suggest indecision at current levels with price trading some distance away from its most recent trend-line, i.e. similar to SPX”
Current trend: UP / Current resistance: 6129/ Current ‘fresh’ support: 5886 (price has not, as yet retested this level – therefore it is a ‘fresh’ level)
Candlestick sentiment: Bullish engulfing but ‘Doji’ spikes over recent months suggest growing indecision
Upcoming catalyst(s) to be aware of: Facebook Nov 1st/ Apple/ Alibaba Nov 2nd
Premier markets education
Highlighting potential areas of price exhaustion/ acceleration for the coming week
In a sentence:
“Pushing higher currently, and absorbing near term selling pressure at the 52.50 level – remains sideways on longer-term charts, BUT making higher lows”
Current trend: UP / Current resistance: 53.43/ Current support: 47.30 (origin of most recent move in that price has not yet come back to test this ‘fresh’ level)
Candlestick sentiment: Bullish engulfing setups (shaded area) suggests the possibility of a further leg higher
Upcoming/ recent catalyst(s) to be aware of: Most recent oil rig count (Oct 20th) shows a further fall
Latest Cot positioning: CME positioning lower on the week (Oct 17th), Net position – Long
Seasonal bias: Tends to be weaker over the month of November
Highlighting potential areas of price exhaustion/ acceleration for the coming week
In a sentence:
“Trades middle of the pitch currently on the back of an ongoing ‘complacent’ VIX”
Current trend: DOWN / Current resistance: 1312/ Current support: 1250 (note the early August price rejection from this latter point (shaded area), indicating willing buyers at this round number level)
Candlestick sentiment: Bearish engulfing setups of late
Upcoming catalysts to be aware of: FOMC Statement Wed Nov 1st
Latest Cot positioning: CME positioning marginally lower on the week (Oct 17th), Net position – Long
Seasonal bias: Tends to trade sideways over the month of November
Highlighting potential areas of price exhaustion/ acceleration for the coming week
In a sentence:
“A clearer uptrend is now developing, with the onset of potential further rate hikes, in addition to elevated political uncertainty within Europe”
Current trend: UP / Current resistance: 95.79/ Current support: 93.51 (origin of most recent ‘speed bar’ move)
Candlestick sentiment: Bullish engulfing which suggests the possibility of a further move higher
Upcoming catalyst(s) to be aware of: FOMC Statement Wed Nov 1st
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