17052021 Markets at important Technical levels setting up for moves
ES
Risks of a broad market sell off due to inflation ( off Q xOP ) is real, as long as we continue trading below Q XOP.
At minimum we should sell further consolidation move today, to retest recent lows, with 30min DP turning down at the open.
TSLA
TSLA opening the week again at its 200ma - with a impending move happening soon.
BTC
Bitcoin is trading near OP Agreement.
GOLD
Gold is trying to break out of its 200ma.
As things stand today, It looks like
i) Equity Indices looking to sell off ( due to inflation fears )
ii) TSLA trying to bottom here at its 200ma
iii) BTC nearing a buy opportunity
iv) A break above its 200MA on GOLD will confirm to us the inflation story.
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Author
Joseph AuXano
Author
Joseph Auxano, is an active trader with more than 13 years of market trading experience. He obtained his degree in Finance from the University of Singapore. His passion for the markets started early. He was already actively involved with the stock markets before landing his first Job as a Trader at a Commodity Trading House in Singapore. His fascination for the markets continued to drive his search for the Holy Grail of Trading, and his research on Fibonacci Techniques. This led him to discovery of DiNapoli Levels in 2007. Since his training under the tutelage of Veteran Trader Joe DiNapoli, he has since developed as a Professional Trainer and a full-time trader. It was with DiNapoli techniques, that he discovered first hand the freedom that came with trading. He has traded the markets out from Toronto, Miami, Siesta Keys, Singapore, and is now trading the markets out of Bangkok Thailand. Joseph Auxano is an Authorized DiNapoli Expert, representing DiNapoli Levels Methodology in the USA, South America and around Asia. In 2019, with the help and approval of Joe DiNapoli, Joseph developed the DiNapoli Academy Online Course, with the goal of helping aspiring traders in their journey with Dinapoli Trading Techniques.
