February 16, 2021 EUR/USD is Bullish Powell reiterated his dovish stance and CB policy to remain loose with a floor now put in under EUR/USD to defend that critical 1.20 level. The $1.9T stimulus package is expected to be passed by February 22 and this is a positive change agent that is yet to be […]
SPX – Technical Chart for Week of Feb.15
SPX – Technical Chart for Week of Feb.15 February 15, 2021 Anticipate a Push Higher to 4005 spx Market closed for Presidents Day. Still very bullish here in a risk-on environment after Q4 earnings showed up strong. The 10yrT and bond market is just not signaling a sell off in equities despite ongoing O/B readings. […]
EUR/USD – Technical Chart
January 18, 2021 A Pullback in the Short Term Bearish in the new year after rejecting 1.230 level. Risk averse here on weak economic growth and the sluggish vaccine deployment in the Eurozone. Expecting continued risk-off move as $USD is in a technical bounce higher also. If key support fails at 1.207 it’s likely aggressive […]
Bitcoin – 2020 Technical Chart
Bitcoin – 2020 Technical Chart September 25, 2020 There is a time for everything, and a season for every activity Bitcoin adoption is finally entering a new phase and correlations are being formed with fiat like USD. Price action is finally adhering to auction market theory which is the signal that value can now begin […]
Bitcoin Adoption is in its infancy
November 25, 2019 Price Does Not Always Reflect True Value After 10 years in existence, the question of if and when mass crypto adoption occurs is still up to debate in the cryptocurrency space. Humans historically think in linear scale. Once a personal investment is made, it is in our nature to believe in a […]
Floored: The Complete Documentary Film
August 20, 2018 The End Of An Era This is a great historic documentary about the ups and downs of pit floor trading. It depicts the end of an era, where the transition from open-outcry to electronic trading took place. A look back to a time when traders were kings and the characters were large. […]
Sell volume imbalance at the edge of a balanced auction – August 9 close
August 9, 2018 ESU18 SEP Contract Why Price is Just a Number These volume imbalances were built up for most of the session. While retail traders were looking for the break of resistance, the orderflow shows distribution. Net negative delta increased while price was at highs to fuel the negative divergence. A key HVN at […]
Market Profile Composite Snapshot for ES – June 2018
June 27, 2018 ESU18 SEP Contract Is Risk-Off Priced In? The market is a forward pricing mechanism and the window for price dislocations are very small. The Footprint orderflow show that sellers have been in control since mid-June. These are normal rotations in what appears to be a healthy, two-sided auction that is respecting Profile […]
Why Digibyte Will Be the Standard, not Bitcoin
April 30, 2018 2019 Lamborghini Uro V-12 engine Directions: Choose the pair that best compares to the relationship in the example below. Alloted Time: 1 minute DIGIBYTE : BITCOIN Apple : IBM Lamborghini : Chevrolet station wagon Peets Coffee : Folgers Coffee disruption: status quo all of the above (See Answer Below) A Faster […]
How Crypto is Preparing for Takeoff
How Crypto is Preparing for Takeoff March 16, 2018 “We were working in a complete vacuum as to information based upon prior performance and prior design.” –Howard Hughes A Leader Will Emerge In order for newly designed planes to have taken off, better runways had to be built in response to the innovation. In order […]