Another up week for indices, and another up month.
This is scheduled news for the next week:
Whit Monday holiday, so on Monday we can expect lower liquidity on European markets. Schedule of news can change, but most important releases are ECB event on Thursday, especially since it comes with the ECB Press Conference, and NFP report on Friday.
If you are a regular reader of this Sunday blog, then you are expecting usual 5-8 charts, some opinions, some educational stuff and some examples. This time it will be a bit different, since I didn't had the time like usual, so instead of charts, here is the 4 min video (snippet from Recap video for Friday) - with LTF DAX, SPX and NDX charts:
Conclusion: Buyers still dominant, making a range is a possibility, and sellers can do more ONLY on decisive breakdowns of supports.
For setup examples, I can show examples from German DAX.
Small TF DAX chart from Friday, May 29 - together with preparation. So, Morning notes, Chart with zones and the After chart, the one from Setups Gallery, with marked and explained possible entry points.
MORNING NOTES first part
MORNING NOTES second part
"Early" Zones chart, made at 7:30 CET, was given to Subscribers in Email update, and next one was is this below, with marked possible bear flag
After preparation, comes execution. Taking just this early shorts into the supports below would be enough for Friday, since market later was "jittery:, waiting for Trump conference.
SETUPS - "After" Chart, from Setups Gallery
Context and potential. Bear flag, but LTF Bias is neutral bullish. Very important thing to understand environment. Bullish setups in bullish environment, and bearish setups in bearish environment, are the ones that will produce the best results.
In short term trading it is very important to properly understand context heading into every day, to know from which side wind is blowing - who has the short term control, and which side will be forced to liquidate IF and WHEN market hold above or below a certain level. What is the level of volatility, what can we expect from any particular day, what market already done in premarket session, what possible setups can be available, and so on... the things that we constantly learn in the DAILY DOSE OF DAX.