 Okay, that is 1pm, that British summer, sorry, GMT, we're out of summertime now. Welcome traders to this week's live market and trade analysis session with me, Patrick Munnally. Before we get going, as always, we want to adhere to the risk disfamer. And most pertinent to today's presentation is the fact that views and opinions expressed by me are solely mine. They are not indicative or representative of those held by Tick-Mail UK or Tick-Mail Europe Limited. For those of you who are here for the first time, a very brief introduction to myself after I graduated from university, I joined a city PLC consulting firm. I left with some colleagues and went on to successfully co-found and exit a consulting startup, which was focused on C-suite's executive search for technology businesses. To add front row seat to the dot-com bubble, witnessing people making news of fortune in the market sometimes quite literally overnight. So I decided to explore my curiosity for markets with some time to play with, capital play within some time in my hands. I started day trading the S&P 500, or probably more appropriate at that stage, day gambling. After some early beginners' luck, I racked up some pretty solid gains. However, as is often the case, my beginners' luck ran out and as the market phase changed, I began to average down into losing positions, eventually giving back all my gains and ultimately taking a significant six-figure hit to my personal capital. Say that was a gut-wrenching and sobering experience is an understatement. So I really had to stand back and figure out if it was feasible for me to make a living from the markets. So I decided to get serious about trading and I sought out as a mentor with an excellent trading track record, working with my mentor for a period of 18 months to two years was the time during which I was not just my technical game in terms of researching, developing, extensively back and forward testing strategies that crucially suited my personality, and most importantly, all of which were underpinned by a rigorous risk management approach. But probably most importantly during that period of mentorship, I significantly developed my mental game. And probably most importantly of all, I made the watershed shift from being a highly goal-orientated individual focused really on financial gains to becoming purely process-orientated. So what does that actually mean? Well, it means I have to stop focusing on what I could make from the markets and stop focusing solely on managing my mindset to allow me to consistently execute my trading strategy, oftentimes in the face of negative feedback from the markets in the form of losing trades. But once you become process-orientated and you have a professional trading mindset and you understand and truly accept the nature of trading in terms of it being a numbers game in which you're simply playing the probabilities, you lose the emotional investment and that hellish emotional rollercoaster of living and dying by the outcomes of individual trades. So I'm no longer concerned with the outcomes of individual trades or even a small string of trades. My focus is on the next 100 trades because I know if I focus on excellence in execution, my edge will demonstrate itself over an extended series of outcomes. My multi-strategy approach has delivered profitable annual returns since 2008. Since 2013, I've also been managing investor capital through a managed account service, again delivering annual positive returns, the results of which you can see on the screen. I'm currently responsible for managing a multi-million dollar portfolio. Since 2010, I've also mentored hundreds of private traders of all experienced levels from complete novices to former CME floor traders in developing the technical and mental skills to reap consistent returns from the markets. In addition to my fund management and mentoring and also resident market experts exclusively providing market trade analysis to tick mill clients. I provide an in-depth daily market outlook, breaking down the fundamental and technical drivers from the day ahead. I also provide daily technical trade setup analysis delivered through the tick mill trading view account. I'll post a link for that at the end of today's presentation. And more recently, within the last year anyway, I have been tasked with running Tick Mill's E-mini Facebook strategy group where I post a daily trade plan outlining my pre-market thoughts and trade plan for the cash trading session in New York for the S&P 500 or the E-mini futures contract. I give my bias for the day ahead and specific action areas where I'm looking to engage the market. These pre-market plans have delivered over five and a half thousand points of profit since we launched the group just over 18 months ago now. The second tick mill strategy group I run is for traders who really want to take their trading to the next level. The Tick Mill futures telegram trading group is in a real-time environment where on a daily basis I share in-depth insights, analysis and trades. I also provide live market commentary during the opening hour of the New York cash trading session where traders can essentially see in real-time how I dissect the markets and identify asymmetric trading opportunities. These sessions act as a platform helping traders to develop a professional, consistent approach to navigating the markets and most importantly, those mental mind games that must be mastered to make it as a profitable market operator. OK, so that gives you a flavor of where it is I'm coming from. Let's jump into the charts. Before we do, I would as always say that if you have any questions, just throw them into the chat and I'll come back to them at the end of the presentation. Equally, if you have an instrument you'd like me to take a look at that I don't cover in my deck. Again, just drop that in the chat and at the end of the presentation I'll come back and give you a view. So starting as always with the equity markets, we were looking further upside last week after a corrected phase and that has played out. We broke out of our trend channel resistance through that 3970 area and we've extended to the upside. I'm long the S&P at the moment and I'm looking for this target level to get tested 4120 to 4130 is the upside objective. Now from there, especially if that occurs into the back end of this month, I'm going to I'm going to take a more defensive stance and I'm actually going to be looking for short positions as we head into this weekly trend line resistance here. I think we've got another leg to the downside before this more share is complete in terms of these equity indexes. So long at the moment looking for any pullbacks into the 4015 area what's your bullish reversal patterns there is an opportunity to add to long positions or if you're not long to engage on the long side looking for that test up into the 4120, 4130 area. Now obviously if we take out the trends line support here then we'd be looking for a deeper corrected move to play out when I've been looking for moves down into the 3960, 3980 area. Again, what's the bullish reversal patterns there engage on the long side? So those are some of the levels I'm tracking in terms of the S&P 500 or the E-mini S&P 500. Let's take a look at the NASDAQ. NASDAQ has been the weakest, as I mentioned last week out of the three equity indexes we were looking for a pullback into support at the 11,530 area that played out with a nice outside reversal. Yesterday we're extending to the upside. What I'm looking for now with the NASDAQ is that we trade into the trend channel resistance here on the weekly timeframe that comes in at 12,520 and we're in this channel here. So let's just just start target. So what we are looking for now with the NASDAQ whilst we hold this channel support here. We're looking for an upside extension into that 12,500 target zone. I'm going to anticipate we get a pullback here or at least a correction from that 12,200, that trend channel resistance. Like I say, we're looking for a move up into that weekly trend line resistance. So let's just see what we could get here. So I anticipate any pullbacks into the 11,760, what's your bullish reversal patterns there to engage on the long side? And we're targeting then an extension up into target zone here of 12,500. Now from there, I will be paying close attention on the daily timeframe, a daily rejection from actually the, let's just make sure you've got the right level there for you guys. Yeah, 12,500, just below 12,400. 12,500 is the target zone where I'm looking for reversals to engage on the short side in terms of the NASDAQ. Now, obviously with these equity indexes, the levels I'm giving you today, you want to pay attention as you trade these on the daily timeframe with the S&P, the NASDAQ, the DAO, all of these, because if we get daily closes outside of these trend channel resistances, then we can have an upside extension. I'll be reviewing that if that occurs and I'll update levels via the tick-me-all-trading-view accounts if that happens. But at this stage, I'm anticipating we've come a long way, in a relatively short period of time here, and I'm looking for at least a pullback versus the advance that we've seen so far now. The Dow Jones, an interesting one, it's coming up into that resistance area that we talked about. The DAO has actually taken out this trend channel resistance on the weekly timeframe. That's noteworthy, but this 34,300, 34,400 is going to be a key test for the DAO, and I'd be anticipating a pullback from that level. At a minimum, we've looked to correct against the advance that we've seen here on the daily timeframe, so we would be thinking about a move to correct. Let's just remove that and get a level to look at. I'd be thinking at a minimum, as we trade up into that 34,370, so what we would look for here is another leg to the upside into that target zone, and then from there, I would be thinking at a minimum, we could see a correction equal in scope and scale to this last corrective phase here. Let me just show you what I'm talking about. We would look for at a minimum, certainly one of the important aspects of trading any countertrend corrective move here is going to be that we get some momentum divergence in play at the moment. We don't have that, so that's why I'm thinking we still do go around higher. I'm testing this 34,370. From there, watch for bearish reversal patterns. The first target is going to be the high-volume node, as always, 33,660. Then if we can get through there, we're looking for an equality test versus the last major corrective leg, which would give us 33,110. Then from there, we reassess and see what the price action gives us. The Russell sitting at its weekly trend line resistance at this stage don't really have a clear trading pattern there with the Russell at this point. We will be taking the lead from the majors, the S&P, the Dow and the NASDAQ. I don't really have a clear trading pattern as such at the moment in the Russell. From my approach anyway, DAX is looking to complete a five-wave sequence into this target now. It's 14,995. Just below that 15,000 level. We're starting to see it already here, and this is what we'd like to see in terms of playing these corrective moves, get some momentum divergence developed. Any push-up into this zone now, watching the bearish reversal patterns to engage on the short side, the initial target is going to be the trend line support here. Let me just draw in what I'd be anticipating we see. So we look for a move up into this target zone at the 14,900. Just below the 15,000 level, watch the bearish reversal patterns there, engage on the short side. First target is going to be a pullback into 14,400, and then from there we'll reassess the price action. So looking for an upside extension into that late 14,900, just below 15,000, and the bearish reversal patterns we engage on the short side. We're looking for 14,400 as the first target on the downside for a corrective move. Nikkei, starting to form a nice wedge here. So what I'm looking for with the Nikkei is that we get a test of the weekly trend line resistance coming in 28,830. So this is the type of pattern that I anticipate plays out. You get that move up into that zone. We watch bearish momentum divergence, bearish reversal patterns. First target on the downside is going to be the high-volume node, 27,930, with respect to the Nikkei. Nifty, pretty into our support area that we were tracking last week, 18,157, and we're now getting that extension. So our target for the fifth wave extension to the other side is 18,694. Sorry, 18,694. From there, we're watching for bearish reversal patterns to engage on the short side. And again, what I've looked for here in terms of the Nifty, let's just draw this in for you guys. We're going to look for something similar in scope and scale to that wave two move. So we get up into that target zone, we watch bearish reversal patterns, and then what we're looking for is a minimum, a three-wave corrective move into test that symmetry swing support. So we look for something like this to play out as the first setup. So we're watching for a move into that 18,600, 18,700 level bearish reversal patterns, as long as we don't make a new high-intensive momentum and we engage on the short side, first target to the downside is going to be that symmetry swing objective, 18,180, moving to TLT, the bonds, 20-year, hit our target from last week, 102,85s, that worked out nicely. So what I'm looking for now is a test of trend line resistance in the weekend timeframe towards that 105, just above 105 from there, watch for bearish reversal patterns. And similarly, what we've got now, the tradable information that we get from this move so far in TLT, because we've exceeded the 161 extension of this initial swing structure, that means it gives me a decent clue that this move is now starting to look impulsive. So what we're looking for ultimately is a wave three high to develop. And then we're looking for a three-way corrective move, wave four. And then we buy that wave four low. I'm anticipating at this stage, if we hold trend line resistance at 105, going to pull back back into just below the 100 level from there, bullish reversal patterns to engage on the long side, looking for a five equals one, taking us up to monthly projected range resistance at the 106 level. So that's a nice setup that I'm going to be tracking and I'll update that through the trading via account. Dollar index. So we traded into, let's just remind ourselves what we were talking about last week. We were looking for a three-way corrective move to test into the 10820s. We came shy of that yesterday and obviously with the new, the FONC, looking like they're prepared to pause at least the rate of rate increases in the US. We broke down through trend channel support at the 10660s. So we're now looking for our target level, 104.30s on the downside. Now, this is an important dynamic to pay attention to in terms of the markets at the moment. What we want to ideally want to see is we want to see that those equity indexes certainly the S&P 500 testing that 4120, 4130 area as the dollar index tests its target of the 104.30s. Because more often than not, what we'll see in terms of correlation is that as the dollar is declining, equity markets are advancing. So it's risk on, risk off, risk money coming out of risk markets and into the dollar when markets are declining and money coming out of the safe haven dollar into risk markets when we've got a risk on sentiment. So this pattern is going to be key that I'm going to be watching how this dynamic lays out. Because if we're testing this 104 area as we get those equity markets testing that's the 4120, 4130, that's going to be a nice confirmation because if the dollar reverses from this target zone that's going to fuel that move that we anticipate in terms of these equity markets. It's going to be paying really close attention to that 104 area on the downside, 104, 105 in terms of the dollar index. So similarly then with the Euro, we were looking for an upside extension last week, we've got it. So what we're looking for is the Euro to test this 106 weekly trend line resistance. So if we get the Euro testing the 106, we get the dollar index testing 104, 105 and that 4120, 4130 in the S&P, you can start to see how this is synchronously in the market here. So if we get rejected from the 106 trend line resistance, rejected from 4120 and we hold that 104 in the dollar and there are some definite chunky trades to play out here. Now again, like I said, we want to pay attention because if we start to get daily closes through the 106, through 107, daily closes through 4120, 4130 in the S&P, then that means we are going to see a rally more likely than not into year end. So that's another important aspect to pay attention to. Sterling traded up nicely. We're looking for an advance from that 1780, 1750 area. So we traded to our target zone, 120, 50 achieved. So I'm looking for any pullback now equal to this move here into test the 1990, 1960 area support, which was bullish reversal patterns to engage on the long side. Next target for me is gonna be weekly projected range resistance 122 in terms of Sterling on the upside and from there, I think we can see a bit of a pullback at least. Yeah, look, on the daily timeframe, we could actually set up nicely here for an inverse head and shoulder scenario. So if we trade up into that 122, we're gonna pull back. What I'd ideally like to see then would be a three-way corrective move. Here we are on the daily chart, obviously. So we're gonna pull back something like this into test then that ascending trend line support for the next leg to play out to the upside in terms of Sterling. You can see, let me just draw that in for you quickly, that I see can clear visual of what it is I'm talking about. So we've got, we're gonna say this is our left shoulder. Down here, we have our head, whoops, our head down here and then this is gonna be our right shoulder forming over there. So something like this is what we're talking about. And we've got some nice synchronicity here because we have the daily trend line support coming in, let's just draw that in. So we've got that 117.60, back into those 117s, watch this pattern, this has got potential, I think, as we head into the new year here. So watching for 117 tests, 117.50, 117.90, we'll just reverse the patterns and then we can start to think about moving up into the mid to late 120s in terms of Sterling. That's one to keep an eye on. $1.00 yen has rolled over, taken out the trend channel supports. So I'm looking now for $1.00 yen to test 136 on the downside. On the daily timeframe, I was just showing you what we're looking at in terms of the sequence here. We've got nice five wave sequence subdividing nicely. One, two, three, four and five gives us 136 as our downside target there in terms of the $1.00 yen. So once we clear 137.70s, 137.50, that's the all clear signal to target that 136 test in terms of $1.00 yen. Let's move to some of these Antipodeans. We've got some nice setups here. Aussie dollar held trend channel support extending to the upside. So my target now is towards 69 in terms of the Aussie dollar. So when you pull back into the pivot here and the ascending trend channel supports 60, just below the 67 handle bullish reversal patterns to engage on the long side, targeting that 69 level, we've got high volume nodes here on the daily timeframe, 69.30s. That's going to be a key test for the Aussie dollar with a similar scenario in the Kiwi. Kiwi actually even a better set. So I shared this one through the Tickmill trading view account. We were just looking basically for a breakout from this triangle pattern. We're nice close through there, 61.60s. And that gives us a target now at 63, which we are heading towards and that 63 is going to be an interesting test. I'd be anticipating pulling back from there because that is the 131 extension of this, from this swing low here at the 67.30s. Let's get on the next upside target here in terms of the Kiwi. I'd like to see 60. So you can see a similar scenario here similar to that sterling setup. We can get up into the 64.50s and then get a pullback back into the 60 level that finds support. Then we have another inverse head and shoulders scenario developing there. Again, that's probably one to look for into the last part of this year, early part of next year. This could be a very interesting setup in terms of the Kiwi obviously has implications from the dollar simile with cable as well. So these are ones to keep an eye on. I'll be updating anyway as we progress. Looking at gold, we were looking for a correction to develop. And what do we see here? So always we are looking initially at the symmetry swings. You can see we traded down to it. We broke it, but we held back above it. So I suggest now that we have a wave four low in place and we are looking for a fifth wave extension here in terms of gold. Because of the nature of this basing pattern, I'd anticipate what we get with gold or something like this now. So and just exceeding before getting another pullback in terms of gold. So I think certainly back through this pivot here at 1765, we look for a retest 1792 and then on to test 1800 level. That's the high volume node on the weekly chart. And then from there, I think we can see another corrected move. But again, you can see the potential for an inverse head and shoulders here on the daily timeframe. So if we can get up into that 1800 level and then we get pullback three wave into whole then 1680s as support, you can see that potential for an inverse head and shoulders, left shoulder, head and potential right shoulders. So you can start to see these patterns permeating through the markets at the moment. Obviously we have to wait for the confirmations but certainly looking interesting. Silver traded to the target area at 2170 and I share this through the Tick Mill account. So I've been looking now for a three wave correct to move back into 1990s level I'm watching. If we can get back into 1990 and watch a bullish reversal patterns to engage on the long side, and then we're looking for a test up into this new trend channel resistance that would bring us up into $23.20, the weekly trend line resistance 2520s. So I see upside here in silver and watching that 1990 crude oil, took out the range support on those OPEC headlines. So now looking for a test of 7330 versus the swing high here at 82 and then from there, watch a bullish reversal patterns to engage on the long side, looking for move up to test trend channel resistance initially just below the 80 handle Bitcoin. Not doing much of anything really as we hold this support area, we are looking, we have a target above us here range resistance gives us 18,000. Very tricky at the moment trading Bitcoin obviously because the headline event risk given the various frauds and liquidity issues. Ultimately what I'm looking for, like I said, repeat week in week out at the moment, 12,185. A test down there, I will be looking to accumulate longer term positions in terms of Bitcoin. A couple of others here just to wrap things up. KiwiCAD shared this through the technical training view account. We were looking for a hold of 81,80 of support, got that. We've extended first target achieved. Now I'm looking to move up into the weekly trend line resistance at the 84 level from there obviously pay attention to that. This KiwiCAD trades as a proxy for risks in terms of the equity market. So we're getting a similar type of pattern that we're seeing in terms of equity markets. And again, when we're testing these key levels, I really want to pay attention as we, if we synchronize across these markets, Euro, cable, the S&P 500, the dollar index, now we can start to think about this KiwiCAD as well. And we want to see how these markets reacts at these key inflection points in the coming week. Last but not least, let's take a little bit of Swissy. Didn't take the symmetry swing target, but we have traded to the downside. So I'm looking for any pullback into 95, 20 trend channel resistance. Downside objective, 91,40 for the Swissy again. That Swissy trend, that 91,40 when the dollar index is looking at 104, 105. We really want to pay attention to how we respond there. Noteworthy as well that we are sitting on the weekly trend line here in terms of the Swissy. So we're testing some key levels here. Well, we're about to, in my mind anyway, test some key levels in these markets as the US comes back from Thanksgiving and we head into this year-end period. I'm expecting a little bit of volatility before we straight things out here. So that concludes this week's whistle-stop tour of the markets I'm tracking. Hopefully you've got a good feel there for what it is I'm looking at where I see the potential correlations and setups developing. Any questions? Feel free to drop them into the chat box. One thing I would actually, one thing I did want to just give you guys, there is still the potential here as we, if we hold support in terms of this dollar index, we can always do a double correction. I talk about these, when I talk about a double correction, this is what I mean. So if we hold support, we can still trade up into that 108, 20 and then still target our downside 104, 30 level. So just to be something to be aware of, we could do a double correction, would still be bearish and 108, 20s would be the cap there. Similarly with the Euro, we can see that we can still do a double correction here with the Euro. So until we take out these prior highs, there is always the potential that we do a double correction. So that can have us trading 101, 90s. But again, that's still bullish and we're still sitting within the scope of the wave two, the wave two consolidation. So as long as we hold that, that's not invalidate, or from my strategy anyway, that's the invalidation point. So as long as we hold that, I'm still bullish, always just something to become cognizant of that potential for a double correction pattern. So I've got a request here, take a look at Adidas. Let's do that. And Adidas, Adidas, what are you doing? Okay, so clearly impulsive move there. Let's see what we've got. So on the weekly, we've got this descending trend channel. So this move obviously looks impulsive. We've taken out a couple of key swing highs here. So what I'd anticipate is the potential to do something like this. So three wave corrective move and then an extension to the upside. Let me just, yeah, retrace it to see here. Something back into $115, watch for bullish reversal patterns there, $115 to $110, a little high volume area here. So I'd be watching for bullish reversal patterns there to engage on the long side. First target is always going to be the one two seven extension, $149. Then we have that area there. $150 would be the target zone initially. I think that's going to coincide yet with that weekly trend line resistance. So any pullbacks into $115, $110, bullish reversal patterns target $150 on the upside. Equally, if you get a close back through $137, certainly on a daily timeframe, then you could look to engage again on the long side. $150 is the upside objective at the moment. So that helped, Justice. Okay, I can't see any other questions coming through. So if there aren't any other questions, one thing I will do is I'll share the link to access the tickmail strategy group where I post that daily trading plan for the S&P 500. Those that are interested just request access and I'll get you into that group and you get that daily trade plan. I also post some other interesting institutional insights in there from big tier one investment banks, Goldman Sachs, et cetera, some useful information there. And last but not least, I will leave you with the trading view, tickmail trading view account where I post the daily trade setups for those that are interested to follow along. Obviously, like I say, reaching some interesting inflection points here. So the updates are going to, certainly going to be key over the coming week, and week, sorry, and into year end. Okay, I'm going to wrap things up here. As always, traders, plan the trade, trade the plan. Most importantly, manage all risk. Until next week, thanks very much.