Quote of The Day "Self trust is a reward of self discipline."
-- The Trader |
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| Hey folks... Welcome to this holiday abbreviated week's trading wrap.
I'm including a few chart markups this week... I hope you guys find it helpful. |
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DJIA Weekly The strength of the pattern is less apparent on the Daily, but it's there... Kinda.
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TNX [10 Year Bond Yield] Monthly The 10 Year Bond Yield is struggling to get (and stay) above 3%. |
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Crude Oil Monthly How Crude responds to TMZ [TAOST Magnet Zone] will be interesting... $80 is a line in the sand for most analysts.
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Gold [GLD] Monthly Price bounced out of TAOST Magnet Zone, pulled back to the top of it and then bounced again, but appears to be softening after having failed at a couple of resistance levels more than once.
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Bitcoin Monthly Price bounced out of TAOST Magnet Zone, pulled back to the top of it and then bounced again, but appears to be softening after having failed at a couple of resistance levels more than once.
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The ES S&P Emini
ES Daily Chart As of 6 July 2018 The daily ES chart shows a powerful explosion up through TAOST Hi Power Zone. Reasonable to expect at least a pullback next week... likely to the previous level of resistance (around 2748). |
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ES Swing [120 Minute] Chart As of 6 July 2018
Price popped through resistance today, but right into resistance in Sell Channel I. |
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ES [60 Minute] Chart As of 6 July 2018
The number of tests of the resistance area around 2748 are clear on the 60 minute chart. Expect at least a pullback to that previous resistance level. |
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Summer Of TAOST Bias BIAS recovered losses from earlier in the week.
Click to review the trades spreadsheet. |
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As always, make up your own mind and mind your risk no matter what you do.
KIS,
The Trader
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Copyright The Art of Simple Trading, LLC 2018 All Rights Reserved |
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