This market's current condition is clearly bearish, so if you're bearish and want to stay short, I'm fine with that. However, I'm afraid you can't expect much to the down side any more. Price has been following the down fork but with every new low it made very little progress. And now it may be in the process of forming a higher low and continuing the correction....
DAX is still in a correction phase and not in a reversal phase. Indicators show clearly that we are in an overbought level.
However, there isn't yet any sign a trend reversal. Therefore, the index may go smoothly down towards 9475. At that level, depending how fast it reaches this level, we may be faced with a double bottom. If this level is broken, the next...
CAC40 is facing a little correction. It is not a reversal of trend but just a natural correction.
Lagging span is crossing the price, Tenkan Kijun twist has been achieved and needs to be confirmed. The twist has been made outside the Kumo cloud which means that the momentum may be relatively sharp on the down side. But on the long run, CAC is still on the...
Market was waiting for a signal in order to start a correction phase and this has started. US statistics are not good. GDP's 2Q14 is not good as forseen, and frankly you cannot justify this with the weather problem or the cold.
However bare in mind that there is still plenty of cheap money in the market. FEd, ECB, BoJ. Therefore it is still just an only a...
As mentioned above you can see that the simple correction movements got respected after last dropdown.
If we consider the same behaviour here then I would think of a small sideways market for some days and then when the correction is done it will decide the new direction.
Either up or down are possible. If you follow my ideas then you can notice that Im a...
CAC has started to initiate the technical correction I have forseen for the last weeks. The process has been slow because of ECB's intervention, the expectation raised before and the political situation in France.
Indicators show clearly that we are in an overbought level and the correction process has started.
Fibo retracement could be used as target and...
For those who do follow my DAX chart and analysis, as forseen, the index has started its correction.
We have a confirmed Raisong Wedge pattern and a beginning of a correction on DAX.
This correction may also be on a medium term a reversal, but we are not there yet.
As far as the correction is concern, one can easily have 9763 as an initial target, then a little...
EURUSD has respond to ECB decision to lower the interest rate. The decision was already known. Market anticipate the decision and from 1.3980, Euro went down to 1.372 and then 1.3502. ECB confirmed its decision to lower the interest rate, and now the market is in a kind of political equilibrium, but not yet in an equilibrium between BULL and BEARS.
Indicators...
CAC had a very classical pattern from a raising channel to correction. This has occured at least three times for the last 18 month. When CAC cannot enter into a raising channel because of lack of momentum, or hesitation from the market, it enter into a trading range channel where you buy at around 4400 and sell at around 4500.
But since the ECB expectation and...
The pair may face a little correction towards %50 of Fibo retracement i.e 102.0XXX, however, baring in mind FED's decision ,the tapering schedule and BoJ decision, the pair is still on the strong side for the USD. In other words, even though there may be a correction even to 101.5, on a medium term, it is long for the USDJPY pair in favor of USD unless a polical...
This study has been drawn on a weekly chart.
My forcast regarding DAX since QE3 i.e September 2012 was 9706 and I have mentioned it many times in my previous studies.
I still consider that as of now, and above 9706, we are at an illusive and exessive level, this is also confirmed by the STOCH and you can even ad RSI or W%R. Nevertheless, I am not the...
ECB President was very clear. There is yet no sign of growth in Europe and worst, a risk of deflation. Refi interest rate has been lowered, and even on the deposit rate, ECB decided to go to a negative rate, like BoJ did in the past.
One can think that money withdrawn from the saving accounts would go on the market, but the market is very week, with no growth...
CIX is always a nice counter mesure tool to confirm the direction of the indexes.
The market was too overconfident and VIX was at its lowest level.
But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down.
STOCH and MACD give the hint.
We need to see a confirmation if it is just a...
Recently, the intermediate bearish trend line from the January 2014 high has been severely tested and appears to have been breached.
This has caused so much excitement and relief amongst long-term Bulls, and others who have been bag holders, as they are renewed in their prospects of reducing losses and salvaging self-confidence.
In my previous charts (since the...
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?
I'm watching a 0.618 structure breakout trade for a possible buy setup back up to 140.90.the Asian session managed to push back price up above major structure support indicating a correction move before the next bearish wave.
This pair seems to be finally done correcting. Has found support at the sliding parallel of a modified Schiff pitchfork. If it holds, we should see a rally up to the 95.75 level, or perhaps even to 96. Otherwise, the correction will continue to reach 94.22 or (less probable) even the lower median line parallel.
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Disclaimer:
There is a very high degree...
