Friday, April 21, 2017
Thursday, April 20, 2017
The Morning Briefing for Thursday, April 20, 2017 by @AnneMarieTrades
CONSIDERATIONS
FOR Apr 20, 2017 (was emailed out at 0812 ET to OTF Members)
ES_F– The edges of the
range continue to deliver the best reversal trades intraday. Caution on
these edges will always be important as they can stretch before reversal, as
they did yesterday in both the ES_F and NQ_F. The ES_F, however, is not
as strong as the NQ_F currently. Buyers keep support in a battle against
the slopes of longer time frames and show that our range still remains
intact. The levels near 2346 hold as resistance for now. A breach
and hold of this level will shift the balance of motion. As it stands this
morning, a break and hold below 2332 will give sellers more power while the
breach and hold above 2347 will deliver power to the buyers. Gold
and the 30-year bonds have been running ahead of themselves so seeing them fade
yesterday was expected. They still holding bullish formations, as does
the VIX.
·
Buying pressure will likely strengthen above a positive retest
of 2354.5
·
Selling pressure will likely strengthen with a failed retest
of 2332
·
Resistance sits near 2347.5 to 2354.5, with 2361.5 and
2365.25 above that
·
Support holds between 2332 and 2322.5, with 2317.75 and 2305.5
below that
TRADE SETUPS
***E-mini S&P Futures***
***Upside trades – Two options
for entry–
·
Positive
retest of continuation level -2347.5 (careful with resistance
ahead)
·
Positive
retest of support level– 2334.5
·
Opening targets ranges- 2338.75, 2341.5, 2344.75,
2349.75, 2352.5, 2356.25, 2359.75, 2361.75, 2366.25, 2370.5
***Downside trades – Two
options for entry–
·
Failed
retest of resistance level -2344.5 (watch for higher lows or a
swift break above)
·
Failed
retest of support level– 2335.5
·
Opening target ranges for non-members – 2341.25, 2338.5,
2335.75, 2331.5, 2329.25, 2325.75, 2320.5, 2317.75, 2312.75, 2307.75, 2305.5,
2299, 2293
***NASDAQ Futures***
NQ_F- Traders hold this chart
with higher lows and higher highs over the last few days. The spikes
higher did give us bigger motions as we expected yesterday, as did the
reveresals off the highs. To me, this clearly signals that short-term
momentum traders get involved through the day. Support is now building at
5390. Above that level, we should keep buyers in charge and a break and
failed retest below the 5390 area, sellers will resume the power. A
potential riging wedge is in play – intraday momentum is mixed to bullish.
·
Buying pressure will likely strengthen with a positive retest of
5430.5 (use caution as sellers sit near 5434)
·
Selling pressure will likely strengthen with a failed retest of
5390.25
·
Resistance sits near 5420.5 to 5427.75, with 5430.5 and 5434.5
above that
·
Support holds between 5390.25 and 5374.25, with 5358.5 and
5347.5 below that
TRADE SETUPS
***Upside trades – Two options
·
Positive
retest of continuation level -5420.5 (make sure you have that
positive retest and watch for the potential lower high)
·
Positive
retest of support level– 5400.75 ( must see positive divergence
here)
·
Opening target ranges – 5404.25, 5418.5, 5423.25,
5430.5, 5434.5, 5440.25, 5447.5, 5478.25
***Downside trades- Two options
·
Failed
retest of resistance level -5411.5 (watch for higher lows if
chart is trying to move upward)
·
Failed
retest of support level– 5397.75
·
Opening target ranges –5404, 5400.75, 5394.5, 5389.25, 5384.5,
5378.5, 5374, 5367.5, 5359.75, 5352.75, 5347.75, 5344.75, 5338.5, 5327.5,
5318.75, 5312.75, 5306.5, 5299.25, 5275.75
***Oil –WTI Crude***
CL_F -Oil faded sharply
yesterday, not catching support until much lower. This seems to have been
a repeat of the last time that traders leveled themselves long near this level
in early March. Bounces are likely to find sellers, particularly below
51.48. New support levels hold between 50.8 and 50.50. A failure to
hold these levels sends us to the 50 region as a test of the round
psychological level. Traders may choose to chop around today between
50.84 and 51.5 as they digest movement
·
Buying pressure will likely strengthen with a positive retest
of 51.8
·
Selling pressure will strengthen with a failed retest
of 50.74
·
Resistance sits near 52.02 to 52.32, with 52.68 and 53.3 above
that.
·
Support holds between 50.8 and 50.51, with 50.04 and 49.36 below
that.
TRADE SETUPS
***Upside trades – Two options
·
Positive
retest of continuation level -51.51( could easily be resistance-
use caution)
·
Positive
retest of support level– 50.88
·
Opening target ranges– 51.12, 51.23, 51.48, 52.02, 52.32, 52.68,
53.02, 53.27, 53.56, 53.74, 53.98, 54.11, 54.38, 54.89, 55.27, 55.68,
***Downside trades- Two options
·
Failed
retest of resistance level -51.14 (watch for possible support
building)
·
Failed
retest of support level– 50.88
·
Opening target ranges for non-members – 50.96, 50.74,
50.47, 50.23, 50.08, 49.74, 49.42, 49.2, 48.89, 48.62, 48.38, 48.19
Best regards,
Anne-Marie Baiynd
Chief OTF Strategist
Hamzei Analytics, LLC
Tel: (310) 306-1200
Fax: (239) 236-0727
Cell: (310) 995-8386
Twitter: @AnneMarieTrades
Email: AnneMarie@HamzeiAnalytics.com
GMail: HamzeiAnalytics@GMail.com
Skype: Fari.Hamzei
Blog: www.HamzeiAnalytics.NET
YouTube: YouTube.com/HamzeiAnalytics
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Posted by
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at
12:00 PM
Wednesday, April 19, 2017
Final #SPX #MOC #Imbalances for Wednesday, April 19, 2017
Posted by
Hamzei Analytics, LLC
at
4:15 PM
The Morning Briefing for Wednesday, April 19, 2017 by @AnneMarieTrades
ES_F– Buyers keep support in a
battle against the slopes of longer time frames and show that our range still
remains intact. For the fourth day, we are testing 2345 as resistance and
making higher lows at the same time. The is a pivotal region around 2338.5
that traders are coiling around with no real resolution as of yet. Gold
and the 30-year bonds have been running ahead of themselves so a bit of a fade
is in progress, but still holding bullish formations. Caution all
the way around is suggested with divergent action. Levels remain the same
as yesterday in terms of pressure.
- Buying pressure will likely strengthen above a positive retest of 2354.5
- Selling pressure will likely strengthen with a failed retest of 2334
- Resistance sits near 2346.5 to 2354.5, with 2357.5 and 2361.25 above that
- Support holds between 2334 and 2322.5, with 2317.75 and 2305.5 below that
TRADE SETUPS
***E-mini S&P Futures***
***Upside trades – Two options for
entry–
- Positive retest of continuation level -2347.5 (careful with resistance ahead)
- Positive retest of support level– 2338.5
- Opening targets ranges- 2341.5, 2345, 2349.75, 2352.5, 2356.25, 2359.75, 2361.75, 2366.25, 2370.5
***Downside trades – Two options for
entry–
- Failed retest of resistance level -2342.5 (watch for higher lows or a swift break above)
- Failed retest of support level– 2335.75
- Opening target ranges for non-members – 2338.5, 2335.75, 2331.5, 2329.25, 2325.75, 2320.5, 2317.75, 2312.75, 2307.75, 2305.5, 2299, 2293
***NASDAQ Futures***
NQ_F- Traders resolved the bounce
upward into important resistance near 5405 for the third day as higher lows
build with converging short term momentum. We’ve got a mixed bag so
reversals are likely at the edges – but the spikes higher or dips lower could
be bigger than expected if we continue to see momentum algorithms join the
fray. Choppy markets with wider swings are the order of the day once
again – though the NQ_F could see bigger bounces. Support is building at
5374. Above the region, we should have buyers in charge and below the
region, sellers will hold the power. Level to level trading is best
here and preparing for both the entry and exit.
- Buying pressure will likely strengthen with a positive retest of 5406.5 (use caution as sellers sit near 5413)
- Selling pressure will likely strengthen with a failed retest of 5374.25
- Resistance sits near 5406.5 to 5412.75, with 5417.75 and 5434.5 above that
- Support holds between 5374.25 and 5358.25, with 5347.5 and 5331.5 below that
TRADE SETUPS
***Upside trades – Two options
- Positive retest of continuation level -5405.5 (make sure you have that positive retest and watch for the potential lower high)
- Positive retest of support level– 5388.25 ( must see positive divergence here)
- Opening target ranges – 5394.75, 5399.25, 5404.75, 5418.25, 5422.25, 5427.5, 5436.5, 5440.25, 5447.5
***Downside trades- Two options
- Failed retest of resistance level -5398.5 (watch for higher lows if chart is trying to move upward)
- Failed retest of support level– 5388.75
- Opening target ranges –5394.5, 5389.25, 5384.5, 5378.5, 5374, 5367.5, 5359.75, 5352.75, 5347.75, 5344.75, 5338.5, 5327.5, 5318.75, 5312.75, 5306.5, 5299.25, 5275.75
***Oil –WTI Crude***
CL_F -With the API report behind us
and the EIA ahead at 1030 ET, oil sits in a sideways pattern. Resistance sits
ahead at 53.11 and a breach here will bring us to a breakout space. Oil
remains in tight formations as rebalancing continues with momentum suggesting
that support tests will hold. Price action remains very choppy with
sellers sitting near 53.2 and buyers near 52.63 as it was yesterday.
- Buying pressure will likely strengthen with a positive retest of 53.14
- Selling pressure will strengthen with a failed retest of 52.5
- Resistance sits near 53.36 to 53.78, with 54.11 and 54.53 above that.
- Support holds between 52.52 and 52.2, with 51.69 and 50.88 below that.
TRADE SETUPS
***Upside trades – Two options
- Positive retest of continuation level -53.06( could easily be resistance- use caution)
- Positive retest of support level– 52.64
- Opening target ranges– 52.88, 53.02, 53.27, 53.56, 53.74, 53.98, 54.11, 54.38, 54.89, 55.27, 55.68,
***Downside trades- Two options
- Failed retest of resistance level -53.02 (watch for possible support building)
- Failed retest of support level– 52.55
- Opening target ranges for non-members – 52.84, 52.56, 52.32, 52.16, 51.89, 51.54, 51.23, 50.96, 50.78, 50.47, 50.23, 50.08, 49.88, 49.47, 49.2, 48.86, 48.62, 48.19
Best regards,
Anne-Marie Baiynd
Chief OTF Strategist
Hamzei Analytics, LLC
Tel: (310) 306-1200
Fax: (239) 236-0727
Cell: (310) 995-8386
Twitter: @AnneMarieTrades
Email: AnneMarie@HamzeiAnalytics.com
GMail: HamzeiAnalytics@GMail.com
Skype: Fari.Hamzei
Blog: www.HamzeiAnalytics.NET
YouTube: YouTube.com/HamzeiAnalytics
MSA EMails: Unsubscribe Update
CONFIDENTIALITY NOTICE: This email is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Delivery of this email or any of the information contained herein to anyone other than the intended recipient or his designated representative is unauthorized and any other use, reproduction, distribution or copying of this document or the information contained herein, in whole or in part, without the prior written consent of sender or its affiliates is prohibited and may be unlawful. Any performance information contained herein may be unaudited and estimated. Past performance is not necessarily an indication of future performance. If you have received this message in error, please notify the sender immediately and delete this message and any related attachments.
Posted by
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at
12:00 PM
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