My TIMM Trading Pit Commentary – Wk Of 5/13/19

TIMM (Traders’ & Investors’ Mentor Market) provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.
The Trading Pits are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.

Commentary from this past week includes:

The safe haven Swiss Franc potentially at a turning point as price is at daily, weekly and monthly demand.

British Pound breaking out to the downside on the daily chart.

I’m expecting the slide on the Aussie dollar to continue…a lot of room to fall further.

S&P 500 futures showing some life, I’m watching this 60 min supply to potentially take it long.

While the equity markets dropped yesterday, Gold caught bids and formed a new daily demand zone.

S&P 500 and Nasdaq futures found bids late yesterday at daily demands zones.

Oil has been range bound for days on the daily chart and has gone into hibernation for the moment.

Soybean futures have fallen off a cliff.

The Nikkei 225 is in free fall as well.

S&P 500 futures about 30 points from its daily demand zone.

The Dow futures sitting in daily demand now, but I’m not expecting it to hold this week.

However, price is approaching a 4 hrs demand zone on the Nasdaq futures.

Nearest daily demand on Nasdaq futures taken out, next one is about 110 points lower.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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