My TIMM Trading Pit Commentary - Wk Of 5/13/19 by rollandthomas

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My TIMM Trading Pit Commentary - Wk Of 5/13/19
<center>https://mentormarket.io/wp-content/uploads/2019/04/timm.png</center> <br/><p><a href="https://mentormarket.io/">TIMM (Traders’ &amp; Investors’ Mentor Market)</a>&nbsp;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 href="http://mentormarket.io/tradingpits">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 safe haven Swiss Franc potentially at a turning point as price is at daily, weekly and monthly demand. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-288-1024x475.png" alt="" class="wp-image-18812" />
<p> British Pound breaking out to the downside on the daily chart. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-289-1024x475.png" alt="" class="wp-image-18813" />
<p> I'm expecting the slide on the Aussie dollar to continue...a lot of room to fall further. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-290-1024x473.png" alt="" class="wp-image-18814" />
<p> S&amp;P 500 futures showing some life, I'm watching this 60 min supply to potentially take it long. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-291-1024x479.png" alt="" class="wp-image-18815" />
<p> While the equity markets dropped yesterday, Gold caught bids and formed a new daily demand zone. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-292-1024x478.png" alt="" class="wp-image-18816" />
<p> S&amp;P 500 and Nasdaq futures found bids late yesterday at daily demands zones. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-293-1024x473.png" alt="" class="wp-image-18817" />
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-294-1024x473.png" alt="" class="wp-image-18818" />
<p> Oil has been range bound for days on the daily chart and has gone into hibernation for the moment. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-295-1024x475.png" alt="" class="wp-image-18819" />
<p> Soybean futures have fallen off a cliff. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-296-1024x473.png" alt="" class="wp-image-18822" />
<p> The Nikkei 225 is in free fall as well. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-297-1024x476.png" alt="" class="wp-image-18823" />
<p> S&amp;P 500 futures about 30 points from its daily demand zone. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-298-1024x476.png" alt="" class="wp-image-18824" />
<p> The Dow futures sitting in daily demand now, but I'm not expecting it to hold this week. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-299-1024x476.png" alt="" class="wp-image-18825" />
<p> However, price is approaching a 4 hrs demand zone on the Nasdaq futures. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-300-1024x477.png" alt="" class="wp-image-18827" />
<p> Nearest daily demand on Nasdaq futures taken out, next one is about 110 points lower. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-301-1024x475.png" alt="" class="wp-image-18828" />
<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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