Price stopped on MA100 and it''s also MA20 on the weekly chart. We have swing low which will be a good entry level for short trades. MACD and DMI confirm down movement. The same goes about weekly MACD. We can place a pending order below 2108 with targets 2058 and 2000. If price bounces from MA100 with MACD and RSI confirmation, we'll have to think about opening...
Hi Traders, Today is the first day of the month September. August closed higher than July, the trend on the long term is still positive. Since 12 July the SP500 moved between 2193 and 2147 . Slightly higher / more side ways. Despite the trend on the long term is positive I suspect the SP500 is ready for a correction this month. The candles shows some...
We saw a good down movement. Price broke MA50 and now it moves lower. Short trades, which had to be opened based on Bearish Divergence and Double Top reversal pattern, give good profit. So, what's next? I think we have to look at price action near MA100. It will be good reversal zone and after bouncing price we'll see movement in the same direction as the main...
Sharp losses in the US equities on Friday followed by losses in Asian stocks amid rising long duration government bond yields across the globe could see the FTSE100 index open below the head and shoulder neckline level of 6750 levels, which is also the 100-DMA figure. Break below neckline support of 6750 would open doors for a 100 point drop to 6650 levels. The...
This longer term 'big picture' view of the index shows some interesting relationships. The 1000 week linear regression line is used for a long term estimate of the growth. The pitchfork connects the two previous highs and and the 1000 week linear regression. The 100 and 200 week medians match quite closely to the tines of the fork. From this longer term technical...
Longer term into the end of next year the TSX is attractive for bulls. Currently the index may be as much as 6% over the average analyst year end target. Were the analysts too conservative in their 2016 year end forecast? With the fall historically being bearish for markets and oil, a significant pullback ahead seems reasonable. S&P/TSX Composite...
The reason for Friday's massive market selling is said to be because of the Fed's message that the rate hike is coming. Seems that it may just be broad market selling after a period of complacent low VIX and broader overvaluation. For confirmation that the rate hike is coming I'll be watching the 3 month treasury rate closely for signs. A move from .30 to .55...
The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together. It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction. After the break...
Please comment on whether you agree or disagree.
Hi all, Dax gives room for some correction. Nice Short Set up on the DAX. With good risk to reward ratio! Short on: 10.545 Stoploss: 10.585 Take profit: 10.335
I am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell. I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up...
On the daily chart price bounced from up Bollinger Band. And it's a signal for searching entry levels on hourly charts. MACD and RSI formed bearish divergence on 4H chart and it's time for short trades. Entry level is below MA20 and stop above the swing high. Target profit can be the support level or MA100.
We have a reversal signal on 1H chart. Price bounced from MA100 with RSI and MACD confirmation. Higher time frame confirms possible down movement. DMI allows open short trades. Place a pending order below MA50 and stop above MA100. Profit target is the Bollinger Band.
We have solid arguments for down movement from the daily chart such as bearish divergence, price reversal from the resistance level confirming by RSI and MACD drop. Possible entry levels can be on hourly charts. Price reached MA100 on 1H chart and reversed. MACD histogram also falls and it's a signal for opening short trades. Place a pending order below MA50 and...
August 25, 2016 Hello folks, so I have mentioned several time the target of 4600 and 4666 regarding the CAC 40. I guess it will be made possible tomorrow Friday thanks to the GDP figure (rigged?) and the subsequent speech by Janet Yellen. However, regarding this week's erratic and incessant fights between bears and bulls to keep 4383 safe, I have set a new...
Price bounced from the resistance level and moved lower. We have an entry level below 2170 for opening short trades. There are following arguments for this: - on the daily chart price bounced from the resistance level - on the daily chart MACD falls and confirms down movement - we have double top pattern on 4H chart - we have confirmation for opening short...
The market reached the resistance level and bounced. As a result now we have a double top chart pattern and bearish divergence formed by RSI. MACD also confirms down movement. We can think about opening short trades, if price breaks MA100. Entry level is below 4780 and stop is above the nearest swing high. Take profit orders can be placed near 4700 and 4650. If...
The market reached the resistance level and we have to think about possible price action. If price reverses from the resistance level, we'll have a signal for opening short trades. Just MACD and RSI will have to confirm price reversal. Probably the market will fall to MA50 and give us good entry levels on the daily and hourly charts. If price breaks the...