Blueberry Markets

2022-06-08 15:04:15 [SELL] US2000 - Bearish - We look to Sell at 1920

Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
We are trading at overbought extremes
A Doji style candle has been posted from the high
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower
Preferred trade is to sell into rallies


Stop: 1950.0
Target 1: 1835.0
Target 2: 1805.0

Chart Open / Comment

2022-06-08 14:58:32 [SELL] NDX100 - Bearish - We look to Sell at 12850

Buying pressure from 12410 resulted in prices rejecting the dip
The current move higher is expected to continue
The bias is still for lower levels and we look for any gains to be limited
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower


Stop: 13035.0
Target 1: 12325.0
Target 2: 11490.0

Chart Open / Comment

2022-06-08 14:32:08 [SELL] US500 - Bearish - We look to Sell at 4185

Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
A Doji style candle has been posted from the high
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower
The hourly chart technicals suggests further upside before the downtrend returns
We look to sell rallies


Stop: 4230.0
Target 1: 4055.0
Target 2: 4005.0

Chart Open / Comment

2022-06-08 14:20:44 [SELL] DOW30 - Bearish - We look to Sell at 33420

Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
A lower correction is expected
The hourly chart technicals suggests further upside before the downtrend returns
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower


Stop: 33755.0
Target 1: 32470.0
Target 2: 31785.0

Chart Open / Comment

2022-06-08 10:58:48 [SELL] Litecoin - Bearish - We look to Sell at 64.48

The primary trend remains bearish
The trend of lower highs is located at 66.00
Risk/Reward would be poor to call a sell from current levels
The hourly chart technicals suggests further upside before the downtrend returns
We look to sell rallies


Stop: 67.1
Target 1: 58.25
Target 2: 54.0

Chart Open / Comment

2022-06-08 09:20:39 [BUY] USDCHF - Bullish - We look to Buy at 0.9701

Short term bias has turned positive
Previous support located at 0.9700
We look to buy dips
There is no clear indication that the upward move is coming to an end
Short term momentum is bullish


Stop: 0.9679
Target 1: 0.9759
Target 2: 0.9769

Chart Open / Comment

2022-06-08 09:19:16 [SELL] EURCHF - Bearish - We look to Sell a break of 1.0397

We are trading at overbought extremes
The medium term bias remains bearish
A higher correction is expected
A break of yesterdays low would confirm bearish momentum


Stop: 1.0421
Target 1: 1.0342
Target 2: 1.0332

Chart Open / Comment

2022-06-08 09:17:34 [BUY] Palladium - Bullish - We look to Buy at 1934

Preferred trade is to buy on dips
Spikes (rejections) can be seen in both directions highlighting indecision
Previous support located at 1930
The bias is still for higher levels and we look for any dips to be limited
Expect trading to remain mixed and volatile


Stop: 1911.0
Target 1: 2014.0
Target 2: 2199.0

Chart Open / Comment

2022-06-08 09:15:11 [SELL] EUR/SEK - Bearish - We look to Sell at 10.5267

We look to sell rallies
Previous resistance located at 10.5250
We have a 61.8% Fibonacci pullback level of 10.5322 from 10.6087 to 10.4086
Little net movement overnight


Stop: 10.5478
Target 1: 10.4746
Target 2: 10.4119

Chart Open / Comment

2022-06-08 09:13:49 [SELL] GBPCHF - Bearish - We look to Sell at 1.2284

Bespoke resistance is located at 1.2280
We look to sell rallies
We are trading at overbought extremes
Expect trading to remain mixed and volatile
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower


Stop: 1.2313
Target 1: 1.2198
Target 2: 1.2106

Chart Open / Comment