Second Skies

AUDUSD – hits major support zone In our weekly market commentary, we talked about how the AUDUSD was showing signs of exhaustion selling price action heading into a major support zone which are...

EURUSD – Sell Trade Recommendation @ Resistance Holds Last week we suggested selling the EURUSD at the key resistance level of 1.3800/20 zone. After forming a double touch off this level over...

S&P 500 – Just Above Critical Support For almost a month now, the S&P 500 has been in a re-distribution phase holding above the key 1778 level. It had prior tested this level twice...

Gold – Double Bottom + Pin Bar Rejection For the last 4 months, gold has been selling off rather consistently, losing almost $225, or over 6.25% of its value. It has been one of the least...

EUR/USD – Appproaching Key Resistance Level Still truckin’ along on this current bull run from 1.3300, the pair has now gained 4 days in a row, with today potentially being the 5th. The...

GBPUSD – Consolidation/Re-Distribution Phase After Breakout After breaking above the key 1.6255 level and offering a great pullback setup that we mentioned in our prior weekly commentary, the...

GBPUSD – Bull Trend Running Strong In last week’s market commentary article, we suggested looking for a breakout pullback trade at 1.6255 on a breakout and 4hr close above 1.6255. The pair...

Dow Jones Index – Another Consolidation. More Upside? For the second time in about a week, the US index has formed a consolidation/corrective phase at the yearly highs. The last one took 15 days...

GBPUSD – Range In Play…For Now Still holding the 350 pip range we talked about and traded in early November, this latest attempt is looking more aggressive with 6 out of the last 8 days...

Dow Jones – Breaks Out of the Re-Distribution Phase Yesterday we opined the DJ index was stuck in a 70 point range that intra-day traders could take advantage of, buying off the bottom and...

Dow Jones Index – Stuck in 70 Point Range Consolidation As the uptrend keeps on truckin’ along, for the last two days the US index has been going through a re-distribution phase at the all...

EURUSD – 1.33 Holding While 1.35 Under Attack So far, every downside test of 1.33 has held with the pair forming HLs (higher lows) and continuing its attack on 1.35. The pullback on the 4hr...

GBPJPY – Continues to Build The Upside Still truckin’ along, the GBPJPY today broke out of a major resistance level at 159.88 that’s held the upside in check for almost two months....

S&P 500 – Surges to New All Time Highs Today both the DJ and ES took out the ATHs (all time highs), with the ES looking more impressive. Initially down about 9 pts on the day, the US index...

WTI Crude Oil – Down Almost $20 From Yearly Highs Since early Sept., crude oil has been getting pummeled, now down almost $20 from the yearly highs at 112.45 only a few months ago. Its been a...

EURUSD – Bearish Under 1.3460 Closing red for the last 8 out of 10 days, the Euro has been getting hammered, down almost 500 pips since the late Oct. highs just above 1.3800. The pair has found...