Market analysis and trading signals for the week
27/06/2022 – 01/07/2022
* 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 June 2022 contracts. Symbol: ESU2, NQU2, YMU2, RTYU2, etc.
This week will determine the direction of the market from now on. The market closed the week up 240.50 points from last week’s close at 3916.25 points.
Weekly support lines:
Support line: 3865.75? – 3832.25!
Support line: 3737.50!
Support line: 3642.25
Support line: 3583.75
Resistance lines on a weekly level:
Resistance line: 3958.00?
Resistance line: 4002.75!
Resistance line: 4099.50!
Resistance line: 4190.25! – 4205.50
Resistance line: 34311.00
The ATR20 shows a movement of 110.03 points, an increase of 2 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 – Which graph is better to work with in the capital market trading?
Which graph is better to work with in the capital market trading?
This is a question I come Receives from students many times.
Sometimes I myself ask the students, when I understand that they display several graphs of the same property at different times.
And my answer always to every action I do in trading is, does the market know what I do? Is it something that changes for him?
For the most part, the input is that of course the market does not consider the way we make our decisions and the way we present the market data on the graph.
That is, does the market know at what time of display we are looking at price movement? of course not.
Can have different display times to help identify the market price direction? of course not.
So why do many traders view a Minute graph as a precursor to market movement detection?
Maybe because the changes in candles happen faster?
Maybe because faster patterns are created that traders choose to make decisions based on?
But what is important to understand, is does the market recognize the different times of the graphs? Definately not!
Think for a moment, you are looking at a particular asset (stock or futures contract), you see in each of the graphs that show the exact same asset (at different times) the price movement (the price is the same in all the graphs) and now in one graph there is a signal to LONG and in another graph there is a signal to – SHORT.
What will you do? How can it be that in the same property at exactly the same price in the same situation of market movement, there are conflicting signals?
It’s like standing at an intersection with the car and seeing a green light at the nearest traffic light and a red light at the high far traffic light beyond the intersection. To drive or not to drive?
It does not make sense.
The time of the graphs you work with should be in a configuration that allows you to make trading decisions that in most cases yield profits.
This is especially true when you rely on configurations in the pattern of the candles and when you work with oscillators that are affected by the display times of the graphs.
I for example work with 15 minute graphs. Just because of the “complaints” of the students that it takes a long time to get a signal from the oscillators I teach.
I worked until I started teaching in college in 2007, with 30-minute graphs.
As long as you work with tools that are not dependent on your graph display times, so your decision making will overlap with the real price movement and not on a momentary configuration of one graph or another.
Great week friends,
Which group of people do you want to belong to?
It was a week of gains in which the market re-closed the negative gap created at the opening of the trading week two weeks ago.
Closing the gap is important, from now on we will know whether the market returns upwards or continues in the negative trend to new lows.
This will determine with the opening of trading this week where it will be seen whether the opening will be negative again. It is important to understand the behavior of expected price movement. The expectation in any case is a decline of the market at the opening, one towards 3865 points, closing the gap again from above. Two, back in correction 30-50 relative to last Friday.
For me, just opening with a positive gap and shuffling over 4000 points, would be a signal that the market can produce back a trend of gains.
Returning and shuffling below 3832 points, is a normal return after breaking the market this price last Friday. A shuffle up to this price, will drag the market into uncertainty and continued shuffle most days of the week.
Of course, a rapid decline towards support at 3640 points could lead to low lows and a continued downward trend in the markets.
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 3642.00 points to a price level of 3832.00 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 4205.00 points to a price level of 4003.00 points.
Entry 1 Long Contract at 3865.75? – 3832.25! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3737.50! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3642.25 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4000.00 points, Exit 1 contract at 3832.00 points, Exit 1 contract at 3800.00 points at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4003.00? Pts when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 4090.75! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 3910.00 points, Exit 1 contract at 4003.00 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