Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

traderxman

Market Geometry is a lie?

Recommended Posts

Pretty well done with trading for another run, time for the annual summer vacation. Thot I wud drop a thread on geometry and see if there is any P&L-ers out there.

 

Feel free to call me an ass, full of sh*t...etc etc.

 

I have looked into some trading ideas over the years and have found this one to be useful.

 

At this time of the year b4 holidays I get bored and welcome anyone of the same mind to jump in.

 

Anyway here goes.

 

I will set up some levels for tomoorows trading later this evening.

 

But for now I thot I wud drop a chart or 2 and a brief explanation of said charts.

 

TL1 Chart:

Identifies where the YM wud hit the Weekly pldot refresh area for a possible trade.

 

TL2 Chart:

Identifies an exhaust into an extreme(blue) 13,200 for a short to envelope bottom(gold) 12,960, where it exhausts(blue)... IF pldot(cyan), did NOT poosh up. It did NOT as you got no C wave(a close above the red upper envelope top)

Share this post


Link to post
Share on other sites

Using the daily chart refresh. Was good at the end of the day for some.

 

TL3 Chart:

2 red arrows depict the daily envelope top refresh area.

 

TL4 Chart:

2 red arrows depict the lower time frame going into an exhaust(blue) into the daily refresh(gold)..13,143. The squiggly part of the gold area, which is daily envelope top is Mondays Aug. 20's envelope top. Was definitley pooshing down.

 

After market opens tonight I will post levels for Monday's trading.

 

After all I have been through in my trading carreer, if anyone is looking for a method that is, well 4me, sound...perhaps you may find it to your liking.

TL3.jpg.077c8c45312b940567969a9dccdef50b.jpg

TL4.jpg.b93e57da20305488755d5eeb83bbfe87.jpg

Share this post


Link to post
Share on other sites

Here is one that does not work out.

 

See the read of the flow you have with this to get out. You expect it to C wave, it does not.

 

TL5 Chart:

The up cyan arrow as we enter the weekly envelope bottom refresh.

 

TL6 Chart:

1st 2 cyan up arrows, looking to buy 13,033, you bot and you cud not get a close above the red envelope top. No C wave. Exit, the higher time period cyan pldot refresh area is pooshing down.

 

TL6 Chart further on:

Next 3 cyan up arrows is where we enter again, notice that the closes start going above the envelope top. THat is a C wave. About 5 bars after the last up cyan arrow, we exhaust(blue) back down into higher time period envelope bottom for an add-on, or to get long if you missed the action. We exhaust into the blue on top and chop for a while b4 going higher.

TL5.jpg.52209c988b455ec9b4256d582bd6450a.jpg

TL6.jpg.e065b847ae1dee35c50db7f2f17da4fb.jpg

Share this post


Link to post
Share on other sites

Hi Traderxman.... I did the Drummond course and its very nice material, I personally dont trade their exact method but basicly I had taken the push and refresh concept clearly into my trading.... I had adapted some of their concepts to my style... thought the MTF concepts from them are very well simplified into indicators that plot all together in one chart, and that can be done with indicators as well, What I believe its not enough well developed on Drummond is the timing techniques as they are quite primitive to me.... cheers Walter.

Share this post


Link to post
Share on other sites

Cards on the table time...timing. With P&L geometry, this is THE thrust when to get in. Perhaps you were not fully studied etc with this method. But knowing tomorrows key levels today and knowing how to take profits from them...is very clear.

 

Watch the levels posted for Monday, for exact buys and sells, forget timing. Go ahead read the tape, PC ratio, trin whatever...but you will see that with volatility or not, that the market will respect these levels.

 

Good Luck.

Share this post


Link to post
Share on other sites

Good provocative title! Drummond's stuff is remarkable imo. Interestingly most bits of his geometry match regular geometry in many ways. 11's are pivots 51's 52's 53's match regular trend lines in lower time frames.

 

Geometry of various sorts (Drummond, Trend lines & channels, Geometric retraces and advances) are often respected (does that mean they are not a lie?) Whether this is self fulfilling or something more fundamental in the nature of price movement who knows. The PLDot which is really just a fast MA is remarkably useful it s one of the few 'squiggly lines' I'll entertain putting on my charts who needs super fast super smothe MA's when a SMA does the job so beautifully!

 

Drummond's treatment of multiple time frames is probably the most complete you are likely to find. Golden. Unfortunately the course is probably the most complex you are ever likely to encounter (I found it so at least) thus making pretty dificult to trade.

Share this post


Link to post
Share on other sites

BlowFish:With Drummond, everything needs to be disproved b4 it can be accepted. That why the title. THe 13,170 was daily nearby R...we were exhausting into it...with geometry setting up for R on the lower time periods (LTP). Looking for a refresh to 12,994. 13,066 is going to be fun, bulls will try to defend this one.

 

Drummonds course is complex but thorough. I am not phd or anything, but I put stuff on my charts that make money. Tried everything out there. From LDB data, MP, COT data, moontides, delta phenomenon, Gann, all the vendors courses etc etc.

 

Been on the CBOT floor with many traders and this is what I like. P&L Drummond Geometry.

 

If all you got from the course to trade with was, to use an SMA...sorry man, you missed the boat.

Share this post


Link to post
Share on other sites

 

If all you got from the course to trade with was, to use an SMA...sorry man, you missed the boat.

 

Err where did I say that? Have a more careful look at what I wrote, I must say poor observation for a P&L'er. I first came across Drummond early 90's I think it was his stuff bowled me over, it is quite remarkable. The Pldot is actually a thing of beauty in my opinion. My point was it is superior in just about every way to these 'clever' moving averages. It is just a displaced 3 period sma of the (h+l+c)/3 but it does have quite remarkable properties. It still stuns me how often price respects it on all time frames.

 

Having said all that it did take 1000's of hours for me to really get it all down. There are many subtleties a couple that I only discovered recently despite going through the course probably 20 times or more. (With the unswerving support of Ted & Charlie).

 

Let me be clear I got a multitude of things from the course. As I said the multiple time frame stuff ( particularly when coupled with types of trading in each time frame) is probably one of the most powerful things you can discover. For example watching this recent top as the daily and then weekly went into congestion pinging short against the dotted line and then watching the block give way just as anticipated iis just about as good as it gets. Kinda funny the big exaust down (weekly time frame) was a month ago now.

 

Actually that was another great lesson (though I was getting there on my own) to accept nothing without proving it for yourself. That has kind of spilled over into my whole approach to everything and has changed my whole grasp of 'reality'. Sadly most people are 'asleep' when evaluating things - you'll know what I am talking about if you read the psycho paper.

 

Anyway here's a weekly & daily Dax just for fun.

PL1.png.3cc1fdc9c8726070797a8c12d0bed33a.png

PL.png.f8e406e1fb0580677637912a879dcf77.png

Share this post


Link to post
Share on other sites

Was a nice ride down from 13,170 to 13,096. You cud have exited partials and hold some if you can.

 

BlowFish, sorry got it reversed. No biggie. You said. "The PLDot which is really just a fast MA is remarkably useful it s one of the few 'squiggly lines' I'll entertain putting on my charts who needs super fast super smothe MA's when a SMA does the job so beautifully!" See i thot u said the pldot was the fast super smooth MA that U wud not need.

 

Yup your a P&L-er 4 sure, welcome friend.

TL7.jpg.52aca085106906671438305d1d9f25bb.jpg

Share this post


Link to post
Share on other sites

TL8 Chart:

Here we see the dot is up. So the trade was counter trend if you will. But it was a sell from daily nearby resistance. But into the cyan(blue) line or pldot which is up onthis time frame.

 

So any exhaust , like onthe previous chart TL7, into the green vertical line, (blue arrow up) would get its day in court, a bounce .

 

TL9 Chart:

But STILL no c waves up...so partials stay! Targeting 12,994.

TL8.jpg.df8cadb5139ab914c06d2cbc7cdc7b1f.jpg

TL9.jpg.c0a9a22f68ed5f51352199b7134bf70a.jpg

Share this post


Link to post
Share on other sites

So we have no C waves up, as shown on TL10 Chart.

 

Next support down is 13,074 & 13,066. Cud exit there if your not a full time day trader. If that breaks then we will hit 12,995 then maybe 12,950.

 

Anyway, hope i sparked some interest in one person. With all the sh*t out there...finding this stuff back in 1992, would have been something. Thank GOd I did!

 

TX

TL10.jpg.da4149ef812ae391b198f65320fa4e1c.jpg

Share this post


Link to post
Share on other sites

Couple of quick questions on the 4000v chart I guess the 3 main areas are daily ET- > Live ET. Daily Dot -> Live Daily Dot and EB -> Live EB? With Daily further outs the dark striped blue areas?

 

Are you still a member of the institute? Wondered if much was going on right now? I haven't hung out there since round March. PM me if you think it more appropriate.

 

Cheers.

Share this post


Link to post
Share on other sites

Questions on the 4000v chart I guess the 3 main areas are daily ET- > Live ET. Daily Dot -> Live Daily Dot and EB -> Live EB?

 

I said:They are the NEW indicators...charting the 40,000v charts refresh areas you mentioned, but on the 4,000v

 

With Daily further outs the dark striped blue areas?

I said:Yes, they are Charlie's latest on the faraways.

 

Are you still a member of the institute? Wondered if much was going on right now?

 

I said: Yes, $250 /year.

 

Charlie is still doing his very best in helping. So many ways to trade this stuff depending upon your patience level. He trades and does organic farming now, think he is close to 70.

 

 

TL11 Chart: Ok this is last chart.

You see we C waved on down through the 13066&13074 level. Was quite strong and probably more to come below 13023&13026. THis will be after bulls make sure 13066 is R. :)

 

TX

TL11.jpg.c01e402271f415ee93f57e3bfeccdaf8.jpg

Share this post


Link to post
Share on other sites

During the end of Friday...we knew that Monday's envelope top was pooshing DOWN. Not a bad system when you are a day ahead of the crowd.

 

Ok couple more charts.

 

TL12 Chart:

Here we see Mondays (top gold area) Daily envelope top pooshing down.

 

TL13: Chart:

Also we see here on Monday, Weekly envelope top pooshing down.

 

This was our 13,170 area...coincidence. Perhaps, but having it happen more times than not, I think not.

 

But lets prove it ALL wrong.

TL12.jpg.faf875da0132c4b2900e0516d7d9e421.jpg

TL13.jpg.127c5144b297afda9b3bca4a213d3cf3.jpg

Share this post


Link to post
Share on other sites

In the interest of helping the challenge along I'm going to play devils advocate here. :):):)

 

How did we know (shouldn't that be 'anticipate") the Daly ET was pushing down end of Friday? The intradays (hour 4000v etc) all had the PLDOT pushing price in a trend run up? Flow shifted a little last bar but was still a trend run up and isn't that how HTP resistance breaks?

 

There was a slight shift of flow in the last bar (hourly) but looked to me like it was refreshing to push up above the hourly ET. Imagine the 4000v was similar.

 

As an aside - is your focus time frame the 4000V (presumably with a view to catching the main swings of the day)?

 

Cheers.

Share this post


Link to post
Share on other sites

BlowFish,

 

How did we know (shouldn't that be 'anticipate") the Daly ET was pushing down end of Friday?

 

I said:

 

Bigger picture(forest), look at TL3 Chart & TL5 Chart.

 

TL3 had re-tested the refresh band and began distributing. While TL5, had refreshed the Weekly EB but cud not get up through the daily ET to its Weekly pldot.

 

Smaller picture(trees), look at TL8 Chart. 15:59 bar went into blue(exhaust area) AND into daily ET, closed and held a 5/2 down, going at the very least for a refresh. We terminate into a 5/1 & 5/9 up at the bottom of the 40k volume chart, this at a key level, the yearly live ET!!!(13055) at the time. THis is live so it updates. 40k volume pldots are up so we go up after the LTP exhausted into the 40k volume charts nearby S (shown as a green up bar)blue up arrow. TL9 Chart shows its time frame refesh with an ellipse around it hitting the blue exhaust area.

 

It happens over and over again.

 

All geometry, no T&S, L2, COT data, LDB Data, volume finder, stochastics, MACD, latest indicator rave etc etc.

 

Good Luck!

 

TX

Share this post


Link to post
Share on other sites

Ahh Ok I see. I have to say its hard to get context from all 4000v charts (even though you have HTP overlays on TL5). Look great to actually trade from though.

 

I don't normally look at YM but seeing as the plug gets pulled on ER I have switched stuff around. Looks like we are still dealing with W Dot ...I agree looks like its refreshing to push down though I need more YM data for a decent monthly chart.

 

Keep it coming!

Share this post


Link to post
Share on other sites

Just off to the gym BF, yes I did not like MultiCharts. But to each his own. Just getting ready for a little holiday...so if you want to chat more here on the forum about indicators that are new etc. I like to talk to P&L-ers. It is interesting to note you are not new to this either. So it is hard to discuss this material unless a person had a strong love for the material to stick with it. ANyway my 2 cents. Off to the gym

 

TX

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • lmfx just officially launched their own LMGX token, Im planning to grab a couple of hundred and maybe have the option to stake them. 
    • Date: 2nd April 2025.   Market on Edge: Tariff Announcement and Volatility Ahead!   The US economic and employment data continues to deteriorate with the job vacancies figures dropping to a 5-month low. In addition to this, the IMS Manufacturing PMI also fell below expectations. However, both the US Dollar and Gold declined simultaneously following the release of the two figures, an uncommon occurrence in the market. Traders expect a key factor to be today’s ‘liberation day’ where the US will impose tariffs on imports. USDJPY - Traders Await Tariff Confirmation! Traders looking to determine how the USDJPY will look today will find it difficult to determine until the US confirms its tariff plan. Today is the day when Trump previously stated he would finalize and announce his tariff plan. The administration has not yet released the policy, but investors expect it to be the most expansionary in a century. President Trump is due to speak at 20:00 GMT. On HFM's Calendar the speech is stated as "US Liberation Day Tariff Announcement". Currently, analysts are expecting Trump’s Tariff Plan to impose tariffs on the EU, chips and pharmaceuticals later today as well as reciprocal tariffs. Economists have a good idea of how these tariffs may take effect, but reciprocal tariffs are still unspecified. In addition to this, 25% tariffs on the car industry will start tomorrow. The tariffs on the foreign cars industry are a factor which will particularly impact Japan. Although, traders should note that this is what is expected and is not yet finalised. Last week, President Trump stated that he would implement retaliatory tariffs but allow exemptions for certain US trade partners. Treasury Secretary Mr Bessent and National Economic Council Director Mr Hassett suggested that the restrictions would primarily target 15 countries responsible for the bulk of the US trade deficit. However, yesterday, Trump contradicted these statements, asserting that additional duties would be imposed on any country that has implemented similar measures against US products. The day’s volatility will depend on which route the US administration takes. The harshness of the policy will influence both the Japanese Yen as well as the US Dollar.   USDJPY 5-Minute Chart   US Economic and Employment Data The JOLT Job Vacancies figure fell below expectations and is lower than the previous month’s figure. The JOLT Job Vacancies read 7.57 million whereas the average of the past 6 months is 7.78 million. The ISM Manufacturing Index also fell below the key level of 50.00 and was 5 points lower than what analysts were expecting. The data is negative for the US Dollar, particularly as the latest release applies more pressure on the Federal Reserve to cut interest rates. However, this is unlikely to happen if the trade policy ignites higher and stickier inflation. In the Bank of Japan’s Governor's latest speech, Mr Ueda said that the tariffs are likely to trigger higher inflation. USDJPY Technical Analysis Currently, the Japanese Yen Index is the worst performing of the day while the US Dollar Index is more or less unchanged. However, this is something traders will continue to monitor as the EU session starts. In the 2-hour timeframe, the USDJPY is trading at the neutral level below the 75-bar EMA and 100-bar SMA. The RSI and MACD is also at the neutral level meaning traders should be open to price movements in either direction. On the smaller timeframes, such as the 5-minute timeframe, there is a slight bias towards a bullish outcome. However, this is only likely if the latest bearish swing does not drop below the 200-Bar SMA.     The key resistant level can be seen at 150.262 and the support level at 149.115. Breakout levels are at 149.988 and 149.674. Key Takeaway Points: Job vacancies hit a five-month low, and the ISM Manufacturing PMI missed expectations, adding pressure on the Federal Reserve regarding interest rate decisions. Traders await confirmation on Trump’s tariff policy, which is expected to impact the EU, chips, pharmaceuticals, and foreign car industries. The severity of the tariffs will influence both the JPY and the USD, with traders waiting for final policy details. The Japanese Yen Index is the worst index of the day while the US Dollar Index is unchanged. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.