My TIMM Trading Pit Commentary - Wk Of 3/18/19

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·@rollandthomas·
0.000 HBD
My TIMM Trading Pit Commentary - Wk Of 3/18/19
<center>https://mentormarket.io/wp-content/uploads/2019/03/200-blue-ns.png</center> <br/><p><a href="https://mentormarket.io/">TIMM (Traders’ &amp; Investors’ Mentor Market)</a> 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.<br>The&nbsp;<a rel="noreferrer noopener" href="http://mentormarket.io/tradingpits" target="_blank">Trading Pits</a>&nbsp;are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.   </p>
<p> Commentary from this past week includes:   </p>
<p> The DOW futures nearly down 300 points, the only quality demand I see is the 60 min demand level at 25600, another 100 pts lower. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-438-1024x475.png" alt="" class="wp-image-12203" />
<p> The Russell futures trade got away from me, taking a stab at shorting the S&amp;P 500 futures. However, the markets are strong today, we will see shortly if the move is exhausted or not. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-439-1024x480.png" alt="" class="wp-image-12204" />
<p> Russell futures eventually moved higher and back into daily supply and turned from a 2 min supply zone within the daily supply zone. The trade set-up is to go short. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-440-1024x475.png" alt="" class="wp-image-12205" />
<p> The Russell 2000 futures falling from a 2 min supply zone...was hoping it penetrated the zone a bit more before considering going short. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-441-1024x475.png" alt="" class="wp-image-12206" />
<p> 30 yr bond approaching a 4 hr supply zone, if price drops could push the us equity market up. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-442-1024x476.png" alt="" class="wp-image-12207" />
<p> Price sitting right in the middle of the 4 hr supply and demand zones on the Nikkei, starting to really like this market. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-443-1024x484.png" alt="" class="wp-image-12208" />
<p> Going to pass on taking the trade, the zone was created during the overnight session, lowering the odds of trade set-up working. </p>
<p> Here's a set-upon oil...2 min supply zone, arrival looking good, but I don't like all the trading to the left. Will have to look at things on a higher time frame to assess location. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-444-1024x475.png" alt="" class="wp-image-12209" />
<p> News came out yesterday about China-US trade talks hitting a snag, us equity markets fell and in the process created a 2 min supply zone, but with the FOMC meeting this afternoon, I'm being cautious. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-445-1024x479.png" alt="" class="wp-image-12210" />
<p> Nasdaq futures sitting in daily supply now, but without the DOW or S&amp;P 500 futures reaching higher timeframe supply, I anticipate the Nasdaq futures to move a bit higher. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-446-1024x475.png" alt="" class="wp-image-12211" />
<p> S&amp;P 500 futures marching to the 2900 level with out much sellers in the way. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-447-1024x477.png" alt="" class="wp-image-12212" />
<p> As the dollar weakens, the Euro continues to move higher. There are several levels within this 4 hr supply zone, I'm monitoring. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-448-1024x478.png" alt="" class="wp-image-12213" />
<p> Next major area on oil I'm watching is the $64 level. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-449-1024x473.png" alt="" class="wp-image-12214" />
<p> Oil broke the 4 hr supply zone and breaking out to the upside...with room to run to the low $60s. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-450-1024x475.png" alt="" class="wp-image-12215" />
<p> Price sitting right in the middle of the 4 hr supply and demand zones on the Nikkei, starting to really like this market. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/03/image-451-1024x487.png" alt="" class="wp-image-12216" />
<p>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.</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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