![\"\"](\"https:\/\/market-and-us.com\/blog\/wp-content\/uploads\/2020\/07\/grafik-1024x480.png\")
We have several important support and resistance lines:<\/p>\n\n\n\n
- the monthly channel<\/strong> (blue dashed line)<\/li>
- the last range<\/strong> (purple box)<\/li>
- the first lower high<\/strong> of the big correction (line next to the top of the monthly channel and through the upper shadow of the last candle)<\/li><\/ul>\n\n\n\n
We are in the big channel, testing the top again. We bounced two times above the range box – what I didn’t expect last week<\/a>. And we tried and failed to break above the correction lower high.
What does that mean for next week?<\/p>\n\n\n\nFor me, it is more likely to come back to the top of the box<\/strong> than to break above the channel top. But also, it’s not very likely that we break into the box.
So, I expect a ranging market next week with the first days coming down to around 2975<\/span><\/strong>.
If we’ll have positive new, there could be a break above on Monday or Tuesday, of course.<\/p><\/blockquote>\n\n\n\nBecause of the indecision at this relatively high price area I did not buy or sell anything of my portfolios.<\/p>\n\n\n\n
Futures Experiences<\/h2>\n\n\n\n
Last week I traded really relaxed<\/strong>, worked a little bit on my live trading bot<\/strong> – which had good profits over the week – and I just took some nice and small trades in the Tradovate<\/a> and Interactive Brokers<\/a> account.
But although I took just very few trades I had no loser last week<\/strong>:<\/p>\n\n\n\nLast Week:<\/strong>
\u2022 Paper account: +$33.02 (1 green days, 4 days not trades; MES)<\/em>
\u2022 Free approach: +$39.10 (2 green days, 3 days not traded; originally traded in ES as +$391)<\/em>
This Month (June):<\/strong>
\u2022 Paper account: -$117.88
[all amounts after commissions and fees, live account still pausing]<\/em><\/p>\n\n\n\nNext week I will trade a little more again. But I will not put myself under pressure<\/strong>. Just become part of the flow<\/strong>.<\/p>\n\n\n\n
\n\n\n\nI know this week’s article isn’t a very insightful one but there have to be boring week’s between the one’s with great impulses, education and identification of new rules.<\/p>\n\n\n\n
Have a great Sunday and week, stay healthy and green, find out if the bulls seem to be unstoppable furthermore and let me know how everything’s working for you!<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
Every one to three days of selling are followed by bullish candles. Although a longer correction would be healthy, the bulls now seem unstoppable. Let’s find out what possibilities we have for the next moves: Market Ideas We have several important support and resistance lines: the monthly channel (blue dashed line) the last range (purple […]<\/p>\n","protected":false},"author":1,"featured_media":659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":""},"categories":[5],"tags":[37,13,141,113,53,162,12,30,172,34],"yoast_head":"\n
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