Market analysis and trading signals for the week
20/09/2021 – 24/09/2021
* 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: ESZ1, NQZ1, YMZ1, RTYZ1, etc.
This week opened with an attempt to go up but continued in shuffle with a strong negative ending on Friday. Finally the market closed 27.25 points lower than last week’s close at 4421.25 points.
Weekly support lines:
Support line: 4402.50? – 4391.00!
Support line: 4355.50! – 4339.00
Support line: 4284.25?
Support line: 4218.00
Resistance lines on a weekly level:
Resistance line: 4477.0! – 4483.75
Resistance line: 4514.25! – 4520.00
Resistance line: 4539.50! – 4545.00
The ATR20 shows a movement of 40.79 points, unchanged 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 – 1,000,000 $$$ Baby
Million dollars is suitable for you?
Do you believe this is possible? That it could happen to you?
And if so, in how much time can you make a million dollars?
Think for a moment, the average mortgage taking has risen to 1.2 million. Usually for a period of 10-20 years.
This means that whoever takes out such a loan believes that he will earn much more and that he can repay the mortgage easily, right ?!
That’s more than a million dollars in generating salary income.
So, why not regarding capital market trading? Why not in a shorter time?
What does it take to make a million dollars?
In a year, that means $ 83,333 a month, that means $ 4,166 a day.
Is it possible? Yes, absolutely!
Does it happen to everyone all the time? Definately not.
This only happens to those who place the emphasis on understanding what are the mental tools and abilities of a trader who knows how to earn such a sum every day.
It depends on the experience, the size of the trading account and the leverage that each trader performs.
Do I earn that sum every day? Absolutely not, just because of me.
I have a big enough account, I have the necessary experience and knowledge and I also have the experience to know how to lose such an amount in one trading day (and much more).
Yes, I also know how to earn such an amount on a trading day.
All it takes is to make a trade by leveraging 10 contracts on one of the mini contracts of the indices and that’s it.
And if you do it in SPREAD, you are both much safer and more secure.
Which group of people do you want to belong to?
This week the market opened with an attempt at an increase but continued throughout the week with shuffling and negative closing + breaking a weekly support line on Friday.
The initial direction seems to be towards 4355.50- 4339.00. A quick upward reversal and a shuffle above the price of 4484.00 points, will indicate a continuation of the rises and a check of the latest record prices.
Everyone is waiting for the strong technical fix below. The situation is still that every time the market fell sharply in a certain week, it went up again the following week.
This is the fourth time the market has fallen from a record price of 130-160 points. This time the decline was made in moderation over two weeks rather than one week.
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 4314.00 points to a price level of 4399.00 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 4514.25 points to a price level of 4468.00 points.
Entry 1 Long Contract at 4355.00 Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4314.00 ! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4399.00 points, exit 1 contract at 4360.00 points at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4477.00! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 4539.00 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4402.00 points, Exit 1 contract at 4507.00, 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