Traders Daily Direction
Where We’re Looking to Go Long on BTC
Editor’s Note: Our offices and all major U.S. stock markets are closed Monday, Sept. 5, in observance of Labor Day. The market for digital currencies continues to vacillate… After the big crash to start the year, the market for BTC futures (BTC) looked like it was stabilizing in July. But August brought further selling, and … The post Where We’re Looking to Go Long on BTC appeared first on Josh Daily Direction.
Here’s Where We’ll Look to Strike in ES
The venerable S&P 500 (ES) futures market is tumbling again today as the new month gets underway. So far, the bulls are nowhere to be found, and that potentially sets up the ES for more downside. However, with the market at a short term low, there may be better entry opportunities for short ideas ahead. … The post Here’s Where We’ll Look to Strike in ES appeared first on Josh Daily Direction.
Will the RTY Downtrend Continue?
The Russell 2000 (RTY) futures market looks set for continued bearish movement. This index, which tracks the performance of small-cap stocks, has been stuck in a down trend for the last two weeks. However, it is still at a low price. If it can make it back to the downtrend line, that could be a … The post Will the RTY Downtrend Continue? appeared first on Josh Daily Direction.
This Week’s Idea for Crude Oil Futures
I share my top trade setups whenever I have a big, new idea for the market… And to invite global comments, I provide the core chart and discussion on my TradingView page. This week, the crude oil futures market (CL) is pushing back into the buy zone, which could lead to a big upside move. … The post This Week’s Idea for Crude Oil Futures appeared first on Josh Daily Direction.
Taking a Short Term View on NQ
The Nasdaq 100 Index (NQ) futures contract tried its best to break into the daily buy zone earlier this month. At first, it looked like the bulls were taking over, but the downturn of the past two weeks has put it back in the sell zone again. With the market breaking bearish, it is now … The post Taking a Short Term View on NQ appeared first on Josh Daily Direction.
One More Drop for Crude Before the Turn?
We’ve been following crude oil as one of the more impressive markets both recently as well as over the long term. And our long term analysis shows that it is still in an uptrend despite the recent decline. But for those seeking new positions, be patient because the market could be getting closer to a … The post One More Drop for Crude Before the Turn? appeared first on Josh Daily Direction.
Here’s Where BTC Could Bottom
The market still shows BTC, the world’s leading digital currency futures market, in a long term bullish uptrend. And that’s good for those who have invested in the digital currency. But for those on the sidelines – traders like us – we’re seeing better trading positions by being patient and waiting for a better entry … The post Here’s Where BTC Could Bottom appeared first on Josh Daily Direction.
S&P 500 Index on the Verge of Another Drop?
We’ve been looking for a potential bullish turnaround in the benchmark S&P 500 (ES) futures market lately… But it is still trading within its longer term bearish trend. The market just got rejected at the long term down trend line and has broken the short term counter trend line bearish. Now, we’re just looking for … The post S&P 500 Index on the Verge of Another Drop? appeared first on Josh Daily Direction.
Two Paths for Small Cap Stocks
The small cap stocks as tracked by the Russell 2000 Index traded firmly into the buy zone over the past few weeks. However, it is now at risk of falling back into the sell zone… This sets up a decision whether to trade into a long position or look for selling ideas at the right … The post Two Paths for Small Cap Stocks appeared first on Josh Daily Direction.
Big Tech Set for Bullish Turn or Big Drop?
Big tech stocks continue to garner trader attention, particularly those in the primary Nasdaq 100 (NQ) futures index. Our research shows upside, but the market is currently right on the down trend line. If the trend line holds, there could be more upside in store. If not, a drop back to the up trend line … The post Big Tech Set for Bullish Turn or Big Drop? appeared first on Josh Daily Direction.
Crude Oil Trade Idea Moving Along As Planned
US crude oil is down hard today in both the crude oil futures contract market (CL) and cash market. However, our bullish trade idea from last week is still in play despite today’s bear move. We noted that the market was moving from a high price towards a low price near the down Fibonacci extension. … The post Crude Oil Trade Idea Moving Along As Planned appeared first on Josh Daily Direction.
Looking for an Entry in Crude Oil
US crude oil is one of the most crucial markets right now… It was in a big bullish market for a long while and traded to over $130 a barrel earlier this year. But since then, it has pulled back substantially. Will this continue and when might a good entry level be found? Let’s find … The post Looking for an Entry in Crude Oil appeared first on Josh Daily Direction.
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