Market analysis and trading signals for the week
12/04/2021 – 16/04/2021
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for the 2021 New Year celebrations Holiday Schedule . Details here.
* Attention – we start trade on December 2020 contracts. Symbol: ESZ0, NQZ0, YMZ0, RTYZ0, etc.
Another week of new records. The market broke the 4100 points, a week opened with a strong jump up and closed with an impressive increase of 104 points from last week’s close at 4114.00 points.
Weekly support lines:
Support line: 4049.50?
Support line: 3985.00!
Support line: 3942.75! – 3927.25
Support line: 3870.25! – 3844.00
Support line: 3793.00
Resistance lines on a weekly level:
Resistance line: 4150.00?
Resistance line: 4186.00!
Resistance line: 4250.50!
The ATR20 shows a movement of 46.46 points, a significant drop of another 12 points from last week’s volatility.
Daily fluctuation declines are rising and daily fluctuations are decreasing. Remember, the multi-year average of the contract is 22 pts.
* Weekly Tip – Is Day Trading Right For You?
Some believe that day or intraday trading is dangerous and that the chances of success are very low compared to SWING trading for days or weeks.
Some say that only long-term value investments will succeed in the long run.
One can give justifications and examples here and there. But reality proves that in either way of trading the capital market, most people will lose or decide that the capital market is not for them.
When I became interested in capital market trading, I was exposed (even what I knew until then) to stock trading as a long-term investment.
I quickly realized that in the transition to real money, I am scared and impatient, I do not let the full potential of the profit come true and I leave early.
After switching to NASDAQ stock trading and exposure to other trading methods, I moved to trading on a daily level, namely until the end of each trading day, I closed all the trades.
As my trading volume and leverage increased, so did the time frame for holding trades.
And when I switched to futures trading, with high leverage from stocks, the trades became very short.
It is important to understand, it is only the market that determines what will happen. The way we trade in the market should suit our character as human beings, along with the derivatives on which we trade and the assets.
There is a situation to hold certain assets like mutual funds for a period of years on the one hand and trade futures contracts at the level of hours.
Traders who trade in stocks, forex and contracts. Or traders who trade on commodities with different behavior from each other, will adjust the trading rate and method for each asset individually.
Wishing health, happiness and success to all of us.
Great week friends,
Which group of people do you want to belong to?
The market opened with a strong jump up while crossing the 4100 point threshold.
The market shows that it wants to keep going up and the breakouts up are real and not just shaking stops.
Everything will be determined according to the opening of the week. If the market opens with a positive gap, we will see a return to closing the gap and then, continued increases. If the market opens without a gap, the chance of returning to price 4060 in the first stage is high.
In high fluctuations it is recommended to switch to DEMO trading for the inexperienced. And for those who trade in real money it is recommended to switch to trading micro contracts for small trading account holders.
* Trade in the trend:
Buy when there is a valid approval for stocastic and DMI and the market reaches a price level of 4022 points to a price level of 4060 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 4137 points to a price level of 4107.50 points.
Entry 1 Long Contract at 4072.50? Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4053.75! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4022.50! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4105.00 points, exit 1 contract at 4072.00 points, exit 1 contract at 4048.00 points at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4137.00! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4107.00 points, at the end of a trend or toward the end of the day.
* 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.
Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer