Even though DOW has not finished sliding, bounce is ahead... (support at least) Globex session: www.facebook.com
Looking at the es and time with fibonacci on a x axis, price seems to have a reaction at the 27.2 - 61.8 - 78.6 fib ratios. Using the October 2014 low to May 2015 high as anchors for the x axis, from observation the 27.2 - 61.8- 78.6 have made alternating highs and lows. From October 2014 to May 2015 the 27.2 was a low, 61.8 a high and the 78.6 a low. From the...
October 2014 - October 2015 coppied and pasted on to years 1965-1966 correction rally and correction. Here is a possible fractal where current price could be following or rhyme with years 1965-1966. Both periods had an initial correction (october 2014) both periods had a powerful rally out of the correction lows that made a similar % move and time move from lows...
Commercial net interest was stronger at the current yr 2015 lows than at the yr 2011 lows and yr 2007 lows before the yr 2007 ath. Both yrs 2007 and 2011 the commercial long signal resulted with the ES making a new all time high. I don´t know if price will follow this signal again. However price history can rhyme which could thrust the ES to new all time highs...
Using Tim West´s long short filter set to 4-16 emas years 2000 & 2008 corrections were identified. The 4-16 emas also gave a bear signal in years 2010 & 2011 which were false signals. Yet when using this system along with T3 mvas 5 -20, years 2000 & 2008 experienced a bear cross along with the 4-16 emas. Years 2010 & 2011 the T3 mvas did not cross showing the 4-16...
The DAX has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro style QE. This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO this current rally since the ECB announced QE could be...
I'm not implying the spx rally is over or a top is in. But looking at the channel the spx has been trading in since 2011 lows, there is not much room to the upside at the moment and believe by observation there is more room for the spx to pullback. My plan is to sell the hwb from highs to lows as long as it acts as resistance with a tight stop. Last week was the...
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
I am watching the MACD to cross positive and to enter as close to a Support area as possible.
If buying is exhausted for now and profit takers and shorts push the price down this trade could pick up 20-30 points profit overnight.
I think the market may rebound if the weekend proves uneventful news-wise. This type of trade requires me to risk $200 to make $200 or more.
The monthly chart is showing price is attempting to retest old trendline support as resistance. 2008 when price broke below TL support 2003 thru 2008 price tested it as resistance will price try to retest it as resistance. I do not know if the SPX will trade up to its old channel with summer starting in a few weeks, but if it does, I would look for...