Market analysis and trading signals for the week
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for the Labor Day 2021 Holiday Schedule. Details here.
* Attention – we start trade on December 2021 contracts. Symbol: ESH2, NQH2, YMH2, RTYH2, etc.
This week the market moved sharply downwards without stopping while breaking weekly support levels. Finally the market closed 264.75 points lower than last week’s close at 4390.00 points.
Weekly support lines:
Support line: 4312.75!
Support line: 4263.25?
Support line: 4141.00!
Support line: 4029.75!
Resistance lines on a weekly level:
Resistance line: 4490.00? (Breack out price)
Resistance line: 4573.50? – 4606.00!
Resistance line: 4668.00?
Resistance line: 4736.25
The ATR20 shows a movement of 68.61 points, an increase of 6 points from last week’s volatility.
In the decreases the daily oscillation increases and in the increases the daily oscillation decreases. To remind you, the multi-year average of the contract stands at 22 points.
Daily fluctuation declines are rising and daily fluctuations are decreasing. Remember, the multi-year average of the contract is 22 pts.
* Weekly Tip – What do you do when the market drops sharply?
We are approaching a 9% correction in the S & P500 and in the NASDAQ correction of about 14%.
Significant and sharp declines. So what can be done in such a period?
Of course, you can look for opportunities to SHORT, profit from the declines in the market. Usually this also happens faster than the rise.
Just stop thinking about just one line of thought of earning when the market goes up. You can profit from any movement of the market.
Need to know how to do it right. Need professional and fast trading systems for response.
As day traders (or intraday) the goal remains to take bites from the market. Look for the right trigger to enter a downward transaction.
Do you have a trading plan with winning rules for trading in declining markets? Excellent!
Don’t have a winning trading plan yet? Seriously consider joining one of the trader training tracks. See details in the top menu “Trading Courses”
Great week friends,
Which group of people do you want to belong to?
This week the market is moving in strong downward fluctuations while breaking weekly support levels without stopping.
The direction is seen down to the price area 4312 – 4260 points, in the first phase.
We are approaching a 9% correction in the S & P500 and in NASDAQ a correction of about 14%. It is starting to be significant on a global economic level.
I wonder what the US administration will do next to bring the markets back upwards. Or there will be significant deliberate realizations here.
The S & P500 can drop 20% (1000 points) easily and the NASDAQ can drop 25% (4200 points).
True, for those who trade in the intraday level, it is irrelevant. You can take the bites from any direction at any time.
If you have had a managed portfolio for years, you should consider making protections for the portfolio. It is important to note that after (landslides) declines, the market rises again and creates new records.
The combination of trading on daily support and resistance levels + rapid response in the correlation between the indices and taking advantage of price spreads that open up between the indices, is exceptionally successful in generating opportunities for very safe profits.
* Trade in the trend:
Buy when there is a valid approval for stocastic and DMI and the market reaches a price level of 4263.25 points to a price level of 4406.00 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 4668.00 points to a price level of 4490.00 points.
Entry 1 Long Contract at 4312.75? Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4263.25! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4141.00 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4400.00 points, Exit 1 contract at 4364.00 points, Exit 1 contract at 4250.00 points at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4580.00? Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 4668.00 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4490.00 points, Exit 1 contract at 4606.00 , 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