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Another Day Another Run

World Markets

It’s a beautiful morning of Tuesday and we are moving high on the EU Markets.

Market Comments:

Its 5AM in NY and Europe is shooting to the moon.

(https://money.cnn.com/data/world_markets/europe/)

S&P500 Futures higher during the European session. There is no reason to short. If you have longs, you might cover some into the move.

ES 2019-11-19_5-06-51

 

 

Trade Ideas:

DAX thesis wasn’t confirmed by the market move. We didn’t manage to close below the 8EMA and held perfectly the previous support at 13150.

DAX 2019-11-19_5-09-12

GC (Gold futures) as mentioned in the previous posts, there a potential upside in the gold forming. At the moment we need a confirmation of the equity market slowdown and maybe then Gold futures will be able to 1475ish and move to 1500.

GC 2019-11-19_5-10-54

For those of you who are trading US equities, we are having chart request sessions, Monday to Thursday 12pm-2pm time in our real time chatroom.

Join our Telegram Chatroom to ask me questions| https://t.me/asktraders

 Remember:

  1. Never chase a trade once it’s too extended from the entry zone.
  2. Never risk more than 1% of equity per trade.

Happy Trading!

@Trader521

by Yurii Kitikari November 19, 2019
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