 Welcome traders to this week's live market analysis session with me, Patrick Munnally. We're going to get started here in just another 10 seconds or so. If you can hear me and you can see the welcome screen, you can type a Y into the chat box. Okay, let's get going. So for those of you who are here for the first time as always we want to adhere to the risk disclaimer. Most importantly, with respect to today's presentation, the analysis and opinions expressed by me are solely mine. They're not addictive or representative of those held by Tick-Mail UK or Tick-Mail Europe Limited. Like I say, if you're here for the first time, a 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 an exit to consulting startup, which was focused on seasoned executive search for technology businesses. I essentially had a front row seat to the dot com bubble witnessing people make and lose a fortune in the market sometimes quite literally overnight. I decided to explore my curiosity for markets with some capital to play with and some time on my hands. I started day trading the S&P 500, or probably more appropriate at that stage day gambling. However, after some early beginners luck, I racked up some pretty solid gains, but as is often the case, my beginners luck run out. And as the market phase changed, I began to average down, giving back all my gains and ultimately experiencing a significant six-figure hit to my personal capital. So gut-wrenching and sobering experience is an understatement. 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 a mentor with an excellent trading track record. Working with my mentor for a period of 18 months to two years was a time during which I asked not just my technical game in terms of researching, developing, but also extensively back and forward testing strategies that crucially suited my personality, all of which were underpinned by a rigorous risk management approach. Most importantly, though, during this 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-oriented individual focused on financial gains to becoming purely process-oriented. Well, it means I had to stop focusing on what I could make from the market and start 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-oriented and have a professional trading mindset and you understand the true nature of trading being a numbers game in which you're simply playing the probabilities, you lose the emotional investment and hellish emotional rollercoaster of living and dying by the outcomes of individual trades. So I'm no longer concerned with the outcome of individual trades or even a small string of trades. My focus is on the next hundred trades because I know if I focus on excellence and 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 been managing investor capital through a managed counselor this again delivering annual positive returns. I'm currently responsible for managing a multi-million dollar portfolio. Since 2010, I've mentored hundreds of private traders of all experience levels from complete novices to former CME floor traders in developing the technical skills to reap consistent returns from the markets. In addition to my fund management and mentoring, I'm a resident market expert exclusively providing market and trade announces to tick mill clients. I provide an in-depth daily market outlook breaking down the fundamental and technical drivers for the day ahead. I also provide daily technical trade setup videos for about three to five markets that I'm actively tracking and I share those through the tick mill trading view accounts. I also run tick mills E-mini strategy Facebook group where I post a daily trade plan outlining my positions for the cash trading session in New York. I give my bias for the day ahead and specific action areas where I'm looking to engage the markets. These pre-market plans have delivered over 3,500 points of profit since we launched the service last year in April. 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 trading telegram group is a real-time environment. On a daily basis, I share in-depth insights, analysis and real-time trades. I also provide live 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 navigating the markets and the mental mind games that must be mastered to make it as a profitable market operator. Okay, so that gives you a flavor of where it is I'm coming from. Let's jump into the charts today. We're going to actually move into the intraday charts. I'm going to pull up a bunch of one-hour charts here that I'm tracking at the moment and we'll see if we can identify some intraday trading opportunities. What I would say is obviously we have a fair bit of volatility coming up today. We've got the ECB announcing and we have the ECB press conference. They're obviously expected to announce a 75 basis point hike today in interest rates. Also, in running pretty much alongside that press conference, it is going to be the Fed chair, Powell is speaking at the Kato Institute and obviously markets will be paying very close attention to what he has to say with respect to interest rates as well. So just bear that in mind when we're looking at these setups for the session ahead. So we're going to start as always with the S&P 500 and we tested down into that 3880 area that I referenced previously and we have seen a decent bid develop in the market yesterday. We traded this from the long side in the group that I run in both groups and we have since put in a high interest just ahead of that 4000 level. Now, if we hold this high, then I'd be looking for a three-way corrective move back into the high volume mode here, which gives us the 3930s. From there I watched the bullish reversal patterns to engage on the long side and my target really for this move is going to be up into the weekly R1 4030, weekly projected range resistance at 4040. And just above there we have the value area high at 4043. Now, at the moment, we have this high in place. We didn't get any divergence on this high. So there is the potential here, like I say that this is a wave three high that we're seeing and it may be that we correct in a more shallow fashion, print another high and then get this deeper pullback. But for now versus this high, my area of interest is going to be this high volume mode at the 3930s to engage on the long side looking for a move up into the 4040s as the next upside objective for this for this advance in terms of the E-mini S&P. Nasdaq, similar situation. We have a nice potential five-wave advance here coming off those lows looking for a three-way corrective move into our high volume mode. We're looking for a test of 12,100, 12,110. Again, we watched for bullish reversal patterns here to engage on the long side. Our upside objective is going to be into the weekly projected range resistance 12,530. Just below there, weekly R1, 12,500. We also have the value area high there, 12,580. So that's our next target on the upside for the Nasdaq. Hi, Jones, YM. We are looking for a pullback now into this potential pitchfork support, which comes in at 31,200 area. Again, we watched for bullish reversal patterns here. We're going to engage on the long side looking for a move up into the weekly R1, the daily projected range resistance and weekly projected range resistance, which should see us test up into that 32,000 level on the upside. Now, with these indexes, obviously if we don't hold these key support areas, these high volume modes, then what we've potentially got is a failed upside break here and we're going to roll over and print new lows. But for now, just to be clear, my focus is on another leg at least to the upside in corrective training. We have the DAX testing pivotal support here now. So we are looking for the DAX to hold 12,780. So watching for bullish reversal patterns here to engage on the long side looking for a move up into 13,130. Interestingly, the DAX is the weaker of the global equities at the moment. And I am, if we just get out to the daily and the weekly timeframe just so I can clarify the position here. I did post this as a setup on the Ticknell Trading View group here. Any close on the DAX through the support area here at 12,400, I will actually be looking to engage on the short side, looking for a move down to test into the equality objective, 11,150. So that's that's one of the caveats there in terms of the DAX to pay close attention to, because if we don't hold support here in the DAX, I'm anticipating we're going to roll over and I'll be looking at downside objectives. Nikkei looking bullish here. So any pullback now that Nikkei initially will look at the high volume nodes at 27,610. From there we watch the bullish reversal patterns to engage on the long side, looking for an extension up into the 28,300 area. I'm going to do a deeper pullback here into test this potential inverse head and shoulders scenario here, which would give us 27,450 same story that I'm watching bullish reversal patterns to get in on the long side and we're looking for an extension to the other side. Sorry, the dollar index. I'm short dollar index from above the 110 level, as I've shared with members in the trading group. I'm watching now for any corrective moves back into test the underside of this ascending trendline support. Previous support now resistance. So any move up into the one 1017 watching the bearish reversal patterns to engage on the short side, initially thinking about a move down into this high volume node 10870s. And if we get through there then we're thinking about the value area low here at 10814. I'm going to be running through these pretty quickly today because I want to want to be prepared for the press conferences and power speech. So if you do have any questions, just drop them into the chat box and I'll aim to come back to them at the end of the session. Or if you have a pair you want me to take a look at I don't cover in the charts that I'm tracking here, you can type that into the chat box and I will take a look at it for you and give you a view. The euro dollar tracking a potential five wave sequence up below here. So we have our low we have one, two, three, four, looking for a fifth wave extension up into the weekly R1 10040 from there I see the potential for a pretty sharp pullback and this could be caused obviously by the ECB press conference. So as long as we hold into this 99 area just above 99, 99 20s watch for bullish reversal patterns I still think we've got another leg to the upside, if we're going to qualify this as an impulse leg off the loans. So Stirling, let's pull this up here so Stirling looks to be at least putting in a an equality test here so versus the 114 70 low, we look for 116 13 so that's an equal leg to the first leg off the low from a swing low gives us that area. I'll be then looking for pullbacks potential inverse head and shoulders scenario developing into the high volume mode here 115 10 watch for bullish reversal patterns to engage on the long side and we look for weekly projective range resistance weekly R1 at 116 70s and the high sorry the value area high at 116 90s dollar yen currently short the dollar yen from the 145 test as I shared with traders in the trading group. So what I'm watching now is can we hold 143 24 that's an equality test versus this current swing structure here. If we do this the potential make another new high and test that 145, although we have had the DOJ the Ministry of Finance, the FSA in Japan out of the night, making reference to the speed in which the yen has declined and their concerns regarding that so I don't know if traders are going to be as interested in building this back up, but certainly I will be paying close attention if we take out this trend line resistance now. I've been looking to engage on the long side, looking for at least one more push up into that 145 handle is the area I'll be watching there. Now inverse to the dolly inverse to the dollar yen obviously we have us meals here the 10 year and what I'm looking for now is similar to that dollar pattern that I just referenced, looking for one more low here and then a three wave corrective moves that would complete a five wave sequence, often off the high so we have 12345 suggesting impulse so then we look for a three wave corrective which could set up a nice head and shoulders scenario here. So anything back into that 3.29% watch for various reversal patterns. And we look for an equality test to the downside back into the 3% level will be what I've been looking for in terms of those US 10 year yields. Euroyen, looking for one more high here in the Euroyen, we have the weekly R3 and monthly projected range resistance, and we have some potential momentum divergence developing here so as price makes new high the momentum indicator doesn't make new high so we watch a bearish reversal here in terms of the Euroyen to engage on the short side looking for a three wave corrective move as a minimum back into the 142.50s from that 145 area on the outside. Stirling in looking for an equality test here versus the current swing structure we have in place. So as we hold resistance at 165.90s, we look for another leg to the downside to test into this 164.30 area. So there's bullish reversal patterns to engage on the long side, looking for a push up into the into the 165.50s, the ECB has raised rates by 75 basis points. So their interest rate now is sitting at 1.5% that's a record raise for the ECB in the past decade really. As a yen similar situation here I'm looking for any pullback now into the 96.30s, which will complete a three wave corrective move, then I'm watching for bullish reversal patterns to engage on the long side, looking for an extension up into weekly R3 87.80s as the next upside objective. Cad yen similar situation, we've actually tested into the equality objective so what I'm watching for now with this cad yen is any break of this trend line resistance here. Just draw this in for you guys. So any close back through 109.70s, I want to be on the long side, looking for a move up into 110.80s, as the next upside objective for the cad yen. Dollar cad similar setup to, to the dollar index here so I'm looking for any push back into 131.50s, and we're looking for a bearish rejection there to engage on the short side. I'm going to move down into the value area low here, minimum 130.60s on the downside. Aussie dollar, looking for, if we go to the Aussie dollar actually on the daily timeframe, I'll show you what I'm tracking here, we've got potential double rejection here from a double bottom, we have some momentum divergence. So if we get a close today back at highs or new highs 67.90s, I'm actually going to trade the Aussie dollar on the long side, initially looking for a move back into the high volume mode here 69, and if we can get through there then we have this low volume at 70.50s, and then I look at 71. So replay close attention to the close here on this Aussie dollar, as I see the potential, if we can get back into the upper end of the range of today's candle, as an opportunity on the long side. So look here Kiwi dollar, we've got that three way corrective move, and we're taking off, don't really have a trade at the moment in the Kiwi dollar prefer to watch that Aussie tonight from the close. Gold, I am a long gold on the, let's go to the daily here and I'll show you. So we had this nice outside reversal yesterday, closed turning the five day volume weighted average price bullish gives us this green close. So I'm looking for an extension up here in gold now to test 1840s, obviously any loss of this 16.99 area, and then we'll be back testing into a potential double bottom 79 split back to the hour here. So yeah any pullback from here into the high volume mode now, if you're not in this gold trade is an opportunity here at 1720s what's a bullish reversal happens there to engage on the long side. And again thinking about those daily targets as opposed to just these intraday hourly timeframe suggesting 1750 as the next upside objective. Nice pattern developing here in silver as well. So we have an equality objective versus the swing structure here, these loads at 1770 give us an equality objective 1882. And you can see how this leg is subdividing nice into a five wave sequence here. So I'm looking for any push now into this area to gauge on the short side initially, looking for move back into test support at this 1820 area. And then from there I think we can see bullish reversal patterns to engage on the long side and have a talk to move up into 1930 as the next upside objective. Crude oil. Breaking down and let's just go to this. Let's go to the channel here and see what we can do on the downside so holding this trend channel. So what I'll be watching for here with crews from this swing high one, two, three, four, five, six, seven so seven swing into the 7850s. So a bullish reversal patterns there to engage on the long side, thinking about at least a three wave correction back into trend channel resistance, 8440s to pay close attention to a seven swing move down into 7850s, what's a bullish reversal patterns there as an opportunity on the long side. Bitcoin. Really now as we trade below this 19,500, the focus is on the downside and I'm looking for a roll over here, the quality objective as those of you who are here on or here regularly. You'll know that this is what I'm looking for in Bitcoin. Bitcoin to break down to test the quality objective here versus this swing. So we have 12,185 so I've got nothing to do really at this stage of Bitcoin until we test into that area, certainly I'll be short to any move through 17,750 targeting that 12,185 for now, kind of in no man's land here, and there's an appear to be much actual appetite or interest in the markets for Bitcoin at the moment. So let's just take a look here and wrap things up with the euro Aussie looking for any three wave corrective move now in the euro Aussie back into 147 30s. And then I'm going to be looking for a move up into 149 20s to complete that cycle. Equally watch any tests into the cluster here we got daily projected range resistance weekly projected range resistance weekly R2. So they move into this 149, as long as we maintain momentum divergence here so price making new highs but no new highs and momentum study. We've actually trade that from the short side to target that move back into the 147s. I'm going to finish up looking here euros sterling broken down already so that trade hasn't played out. So that's, that's not one that's on the watch list now. So really for me today is going to be about this UCB press conference power speech, any pullbacks in the equity indexes that hold the support areas, I've highlighted, then we're going to I'm going to be looking to get in again on the long side. I'm looking for at least another leg higher looking for another leg down in the dollar, looking for a corrective leg higher in the euro and sterling looking for another leg down in $1 and we're looking for gold to to make a push to the upside as well. So that's the whistle stop tool of the charts that I'm watching this week. Are there any questions or anyone like me to take a look at the chart I haven't covered in my my presentation. For those of you that are interested or aren't already members. If you want to join the signal Facebook group and receive my daily trade plan for the S&P 500, the cash trading session in New York, you can just request access there. If you want to follow my daily trade setups through trading via post that link as well. That's in the chat, and can't see any questions coming through at the moment. So I'm going to wrap this session up here guys, like I say, look forward to seeing some of you hopefully in the Facebook group, or certainly follow along with the daily trade ideas I post on trading view. And that concludes this week's session. As always traders plan the trade trade the plan, and most importantly, manage your risk until next week. Thanks very much guys.