February Swing Trade Bear Signals

Short-term bear trade signals appear on swing-trading charts and time frames, writes Trevor Smith of Trevor's Trading.

Bearish candlestick patterns and price positions continue to indicate lower prices await market participants on many time frames for all symbols covered herein; Crude oil may be the least bearish, but strongly-trending pivot/range math makes it unpredictable when its breakout setup trade does occur. Aggressive traders may find a price place to throw on a strangle/straddle for both crude oil sides.

My last article entitled, “January Bear Signals Print (moneyshow.com)“ predicted some market moves. Since my earth’s tilt axis/pole migration/core changes premonitions are occurring now in the news, I may as well restate my unfulfilled, outstanding predictions of Crude Oil at $44/barrel and a rare earth element mining operation somewhere terrestrial (not the asteroid mining experiments) becoming progressively “human rights” unethical. As of Jan. 31, 2023, seven of ten projected ranges were printed.

February’s Predicted Ranges (Written February Fifth, 2023)

E-mini S&P 500
High Range 3156-4118 Low Range 3988-3976
Slightly-Bearish range Quarterly/Yearly charts override trends toward 2023-2025 inter-year targets of 2950, 2366. These targets came from Moving Averages closest to aggregate averages of pivot targets of a variety of pivot-math methods (targets were 2404, 3011, etc). Moving averages were close to pivot averages.

Bitcoin
High Range 25535-24500; Low Range 22100-19450
Bullish ranges then bearish; Slightly bullish impression but with multi-month breakout wide range set up for either direction.

Euro FX
High Range 1.093-1.089; Low Range 1.068-1.064
Bullish and bearish; after a bounce off the Two-Day 50-SMA, a drop could occur.

Gold
High Range $1899-$1880; Low Range $1847-1821     
Bearish range. Adjust up if in disagreement.

Crude Oil
High Range $78.74-77.01; Low Range $73.20-72.37           

Mixed up then down; $44/Barrel, eventually for a third year of four-five; then, I surrender the $44.

Prior Predicted Ranges (Written January Fifth, 2023)

E-mini S&P 500
High Range 3960-3945 Low Range 3792-3776
Slightly-Bullish range toward 4059 (3954 if the market is really weak). Near-term price rallies may also pull back before Quarterly/Yearly charts override trends toward 2023-2025 inter-year targets of 2950, 2366. These targets came from Moving Averages closest to aggregate averages of pivot targets of a variety of pivot-math methods (targets were 2404, 3011, etc). Moving averages were close to pivot averages.
Actual: 4208-3814

Bitcoin
High Range 17480-17182; Low Range 16425-16251
Bullish ranges; expecting wave three upside toward monthly pivot. Bearish setups also exist. Slightly bullish impression but with a multi-month breakout wide range setting up for either direction.
Actual: 24450-16525

Euro FX
High Range 1.081-1.065; Low Range 1.053-1.041
Bullish and bearish; after a bounce off the Two-Day 20-SMA, a drop could occur.
Actual: 1.105-1.052

Gold
High Range $1895-$1865; Low Range $1835-1821    
Bullish range.
Actual: $1,975-1,831

Crude Oil
High Range $84-77.20; Low Range $72.50-70.37           
Mixed up then down; $44/Barrel, eventually for a third year of four-five; then, I surrender the $44.
Actual: $82.66-72.46

Trevor Smith is a technical market analyst/forecaster who is registered as a Commodity Trading Advisor. You can view Trevor’s Trading here.