Second Skies

GBPUSD – Double Bottom + Pin Bar, Likely Pullback Coming After making marginal new lows yesterday, the GBPUSD formed a double bottom + pin bar off the key short term support at 1.6063 which you...

EURUSD – Loses 1.2900 Handle As we talked about in our weekly market commentary, the price action structure and corrective consolidation suggested the Euro would likely break lower and remain...

EURUSD – Bearish Below 1.3120 Although starting off the week, I’d like to show you the 1hr chart below on the EURUSD. After the big sell-off post ECB meeting, the EURO got sold into...

FTSE 100 – With Trend Pin Bar For the last 4 days, the FTSE 100 has consolidated near the swing highs circa 6825. Today the major index formed a with trend pin bar, which is the second downside...

EURUSD – Breaks Lower, Headed to Key Support Now closing bearish 8 of the last 10 days, the Euro broke lower from the consolidation we talked about last week in our weekly market...

EURUSD – Trudging Towards 1.3100 As we wrote about in our weekly market commentary, we suspected the bearish pressure would remain. As you can see from the daily chart below, the Euro has gapped...

S&P 500 – Hits 2000 Big Figure and All Time Highs As we’ve been writing about in our daily market commentaries, we examined the intra-day price action structure, which suggested the...

EURUSD – 4 For 5 Closing bearish last week 4 out of 5 days, the Euro is continuing to press the downside as the USD gains broadly across the majors. To end last week, the pair touched a key...

Gold – Breaks 1292, Forms Price Action Squeeze + Pin Bar Rejections (1hr chart below) As we wrote in our daily market commentary yesterday, we intimated Gold was looking increasingly bearish,...

Gold – Looking Increasingly Bearish (1hr chart) Continually getting rejected and producing intra-day LH’s (lower highs), the precious metal has been forming weaker and weaker...

S&P 500 – Heading For Yearly Highs As we talked about in our weekly market commentary, we felt the price action + the with trend pin bar along with the 4 out of 6 bull closes...

Gold – Closed Bearish on Friday, But Strong Rejection After meeting the typical 8am EST gold smackdown where the precious metal is hammered without mercy, the precious metal was forming a...

FTSE 100 – Another Bullish Close & Continued Bullish Momentum As we wrote about yesterday in the daily members commentary, the FTSE 100 had bounced off the rising support line forming a...

Gold – Forms Inside Bar + Pin Bar Combo The 1323 level that we’ve been talking about in prior commentaries has been holding gold below it since early July. Today the precious metal formed...

Gold – Intra-day Correction In Place, Watch for Break Short Term In the members commentary last Thursday, we talked about the key resistance short term for gold being the 1324 area, and that if...

Dow Jones – Trying to Base, Formed Tailed Pin Bar Rejection Today the DJ 30 formed a tailed pin bar rejection, showing some intra-day buying interest off the 16345 support level. If this holds,...