Market analysis and trading signals for the week
03/08/2020 – 07/08/2020
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for 2019 Memorial Day Holiday Schedule . Details here.
* Attention – we start trade on December 2019 contracts. Symbol: ESZ9, NQZ9, YMZ9, RTYZ9, etc.
The market opened up and continued to shuffle throughout the week in an attempt to break through the previous week’s resistance. On Friday it closed the week up 59.50 points high compared to last week’s close at 3263.50 points.
Weekly support lines:
Support line: 3231.50? (Very close to the price of the bag).
Support line: 3183.50!
Support line: 3107.25?
Support line: 2984.50.
Support line: 2886.25? – 2855.00!
Resistance lines on a weekly level:
Resistance line: 3275.00*?! (Market price).
Resistance line: 3337.50!
Resistance line: 3393.50.
Resistance line: 3338.25?
The ATR20 shows a movement of 55.10 points, a decrease of 3 points from last week’s fluctuation
Daily fluctuation declines are rising and daily fluctuations are decreasing. Remember, the multi-year average of the contract is 22 pts.
* Weekly Tip – Here are 3 things a trader must to know:
1. Know the behavior of the asset on which he is a trader. fluctuation + value.
2. To know exactly according to as clear trading tools, what is the goal of the long term and sub-targets.
When and how he will enter into transactions, how he will protect them, how he will manage them and how he will make a profit or, if necessary, a loss.
To know to make a decision by the LEVEL2 trading window in stocks or DOMs in futures contracts.
Without these 3 things, it is simply impossible to succeed and anyone who thinks he can shorten processes or give up of anyone of them,
must now stop trading immediately.
For those who do not have the motivation and desire to devote the energy to trading to be among the best, will look for another profession.
Trade is the best profession in the world for creating freedom and economic independence.
True, one has to learn and practice it like a pro.
Until you reach the professional level, your priority should be to find the temporary, additional, supportive source of income, as long as you specialize. And not the other way around, that if I have time I will try to see when to trade.
All I do is maintain my abilities and high professional level, to enable me the quality and standard of living I have achieved thanks to trading. Everything else is a bonus.
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 the week with a outbreak of weekly resistance and a significant rapprochement to all-time record prices. Later the market built a new intermediate resistance and failed to continue up. On Thursday it started to go down and on Friday it closed the week around the support price.
Opening up and shuffling above the price of 3232.00 points, will see a real attempt by the market to continue up towards the peak prices at 3337.50 – 3393.50 points.
A rapid drop below the price of 3100.00 pts, will indicate a renewed downward momentum or an attempt of shaking before renewed gains.
You can certainly take nice and fast moves from the shuffles in the market at the daily level.
Pay attention to your leveraging and take full advantage of the possibility of trading micro-contracts.
It is recommended to trade in demo these days for small trading account owners and inexperienced with real money.
* Trade in the trend:
Buy when there is a valid approval for stocastic and DMI and the market reaches a price level of 2984.50 points to a price level of 3183.50 points.
Sell when there is a stocastic overlapping and DMI and the market reaches a price level of 3337.50 points to a price level of 3232.00 points.
Entry 1 Long Contract at 3183.50*?! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 3107.25! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 2984.50 Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 3337.00 points, exit 1 contract at 3231.00 points, exit 1 contract at 3070.00 points, at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 3231.50*?! Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 3337.50! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 3030.00 points, exit 1 contract at 3232.00 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