Market analysis and trading signals for the week
17/08/2026 – 21/08/2026
* Please note – changes to stock exchange operating hours for President’s Day starting tomorrow, Monday in the USA.
* Please note – this week on Wednesday at 14:00 EST time, Treasury Budget, it is recommended to be out of the market when economic announcements are published.
* Please note – changes to stock exchange operating hours on the occasion of Good Friday this coming Friday.
* Attention – we have moved to trading on December 2024 contracts. Symbol: ESM25, NQM25, YMM25, RTYM25 etc.
The market opened this week with a bumpy shuffle and on Thursday jumped up to create a new all-time high. Finally, the market closed up only 22.75 points compared to last week’s close at 7802.50 points.
Nearby weekly support lines:
Support line: 7725.00? (Return to breakout price)
Support line: 7630.00? – 7608.25! (Return to breakout price)
Support line: 7473.75? – 7411.25!
Support line: 7315.25
Resistance lines on a weekly level:
Resistance line: 7833.00*?! (Very close to market price)
Resistance line: 7893.50?
Resistance line: 7948.50!
Resistance line: 8163.25!
The ATR20 index shows a movement of 88.40 points, a decrease of 7 points from last week’s fluctuation.
In the decreases the daily fluctuation increases and at highs the daily fluctuation decreases. As a reminder, the annual average of the contract is 89.40 points.
Weekly Tip – Start Taking Yourself Seriously – Part 2
I posted last week that anyone who really thinks about trading as a professional field in which they want to specialize and generate a steady, high income from it that will create an important economic base and anchor for their family must focus more on working on themselves than on trading techniques and methods.
I mentioned the VIP course for training super traders in 90 days. A special course that changes lives for veteran traders.
Some of you have looked into the possibility of joining the course, some are still hesitating, I immediately told some that it was not suitable for them and some have already joined. (Personal guidance at my home).
I published a professional article at the end of the week on the topic: “The 10 Commandments for the Professional Trader”
A comprehensive article in which I reveal my formula for generating profits in the capital market (futures) over the past 21 years.
Some of you may have already read it, most of you haven’t yet.
The responses I received were more surprising than usual. Someone already told me “I need to hang the article in front of my eyes all the time”.
Some, skimming the article, without delving into and implementing the recommendations.
And this is exactly what turns one person into a profitable trader and another into someone who really wants to make a profit, but at best, shuffles around in place.
I (and many others) publish a lot of professional material in various forms, so that each of you can apply the knowledge and experience I have gained, for yourself and for the possibility of making a profit from trading regularly.
If you really take yourself seriously, without excuses and internal explanations of “but…”, you will start learning from the best the ways that really influence and turn people like you into excellent traders.
Which group of people do you want to belong to?
Checklist:
This week the market started with a bumpy shuffle until Thursday, when it jumped up and created a new all-time high. Friday remained the high range of the market despite the decline that was made as a technical correction to Thursday’s increases.
In fact, after the previous increases in early August, the market is quite treading in place around the peak.
This week we will see whether the market continues up and creates additional highs or whether it will break the bottom of the shuffle, the price of 7725.00 points downwards.
If so, we will see a continuation of the breakout prices towards 7700.50 in the first stage and to 7630.00 in the second stage.
The next stage will be to return to the price of 7519.00 to close the gap.
As long as the market remains below the peak price at 7840.00 points, it will move with relatively small fluctuations and slight shakyness.
A decline below the price of 7630-7608.00 points will quickly return the market to the opening price of the gap and further declines towards the support prices.
On an intraday level, trade according to market movements and according to your trading strategy. Pay attention to trending days without a technical correction, especially days of sharp declines.
For those who do not yet understand, knowing how to read the moves in the DOM trading window is very essential for understanding the market and making trading decisions. In addition, every trader must understand the psychology of price movements and how he can, according to 2 simple rules, almost completely prevent unnecessary losses.
The combination of trading on daily support and resistance levels + quick reaction to correlation between indicators and taking advantage of price gaps that open between indicators, is exceptionally successful in creating opportunities for very safe profits.
The combination of trading on daily support and resistance levels + rapid response to correlation between the indices and taking advantage of price gaps that open between the indices, is exceptionally successful in creating opportunities for very safe profits.
*Trading with the trend:
Expect opportunities for long, when there is a confirmation of overlapping stochastic and DMI and the market reaches a price level of 6352.25 points in the price range up to a price of 6641.75 .
Expect opportunities for short, when there is a confirmation of overlapping stochastic and DMI and the market reaches a price level of 6914.50 points in the price range up to a price level of 6404.50 points.
*Money management:
Support 1 contract Long at 6523.75*?! (very close to the market price) when there is a confirmation of overlapping stochastic and DMI.
Support 1 contract Long at 6404.50! When there is a confirmation of overlapping stochastic and DMI.
Support 1 contract Long at 6133.00! – 6053.50 When there is a confirmation of overlapping stochastic and DMI.
Resistances respectively: Exit 1 contract at 6914.50 points, Exit 1 contract at 6760.00 points, Exit 1 contract at 6352.00 points, at the end of a trend or towards the end of the day.
Resistance 1 contract Short at 6808.50! points (Very close to market price) when there is a confirmation of overlapping stochastic and DMI.
Resistance 1 contract Short at 6914.50? points when there is a confirmation of overlapping stochastic and DMI.
Resistance 1 contract Short at 7036.00! – 7090.00 points when there is a confirmation of overlapping stochastic and DMI.
Respective supports: Exit 1 contract at 6404.50 points, Exit 1 contract at 6641.75 points, Exit 1 contract at 6914.00 points at the end of a trend or towards the end of the day.
* People who read the review were also interested in the GOLD Course.
* Buy and sell prices are based on a weekly forecast in advance. Decisions must be made on a daily basis each day, based on what the market did during the previous five days and the last day.
** Receiving a password for the demo software will be done by contacting Geva Gazit personally and with the approval of TransAct support.
*** Futures trading involves risk and is not suitable for everyone. The signals and reviews on this site are personal opinions and should not be considered as an automatic recommendation to perform any trade on the basis thereof. Responsibility for performance of trading positions is only by the trader.
Successfully,
Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer
