As seen on the chart, we are sitting right above the support zone.
A more cautious tone is appearing across global equity markets. Further gains to prove increasingly difficult to maintain. China poised to break higher? Global equity markets remain in their dominant bull trends. Investor portfolios are overweight and investor sentiment is positive. However, warning signals are now appearing, suggesting further gains are...
Our favorite European Index, the German DAX, escaped the bear market in early August, when it rebounded swiftly after initially rejecting mega-resistance at 10475-485, which it then took out very aggressively. This Monday sent a bearish shooting star candle on overbought conditions, calling for a healthy pullback. As securities often do, they retrace back to...
Forming a Bearish Gartley Pattern, finding resistance around the .786XA mark which is also the area of the AB=CD. !.27 BC projection makes up the bottom area of the price reversal zone. Awaiting price action and confirmation. Any Comments?
Price action has broken the downward daily trend line which now becomes support. Price is bullish above the trend line and break of 38.2% Feb level and is likely to consolidate around 1.1 while markets wait for the ECB interest rate and monetary policy statement due Thursday. A break to the up or downside is possible however my preference is towards a break down...
Can we expect a collapse of the Europezone? *As Goldman predicted* A Monetary divergence This step is likely to be followed by the Federal Reserve's (Fed) decision in the opposite direction to raise interest rates for the first time in nearly a decade at the December 15-16 meeting, Just Playing & Guessing Possible scenarios for the hereafter.. 2015 / 2016
EURL is the 3x Europe long fund. My favorite catalyst for 2015-2016 is playing the actions of the global oligarchy and their coordinated central bank action. I think EURL could be in an uptrend for another year or more. Source: www.guerillastocktrading.com
Originally prepared on 21st October 2014: German DAX - 2 Weekly The German DAX chart below is 2 weekly. This is to show bigger picture but not miss the finer details that happens with Monthly. We do not have price data on the chart prior to 1991. However, it is fair to conclude that the major bullish cycle that commenced in 1982 on other major world indices...