enter long 2951 SL 2943 TP 2999 at 2970 move SL to BE +2
Here are two possible scenarios: If the price "respect" the trendline and the support it's a BUY. If it breaks the trendline it's a Sell. Either way we have a nice Risk/Reward ratio! You can follow other indexes (such as DAX and S&P 500) as they are with a strong correlation this days. Please leave your thoughts on the comments!
overextended in a sweeping downtrend to uptrend move, decent area of reaction, good for a quick daily trade
Update on the H&S highlighted in "Post Fed : Uncertainty remains, markets are not going to like it" Post earlier today. Market is down after the decision of the fed. Uncertainty remains. Should go dipper with US mkt open. Below 3142 (confirmation point) there is no major resistance. Target at 3000
The theory of second restest of the low stays after the decision of the fed not to hike the fed fund rate. Uncertainty remains and market is now looking forward and there is no good news so far in the horizon.. I see a potential H&S to play.
Personally, I am a convinced bull. I see the major correction of the end of August as the previous corrections we saw in 2011 or even before in 1998 (see SPX and VIX in 2011 to see the similarities). We are more or less in the same situation today, and as corrections rarely make a "v" bottom (especially after such a sharp fall) I'll take my chance buying the...
EUSTX50 3 Peaks and the domed house can go up to uper TL before more down
EUSTX50 on critical support can break down watch the UT line
Still in downtrend and correction. But, when approaching the top, can shoot up very strong, just check Mar 2007, Nov 1999 is not very likely this time. Now stuck below 78.6 parallel line in AP channel, but if could break above 3250, then there is roam up to 3400 level or 3550 at longterm trendline what would be nice repeat of 650 pts from support as in...
to follow end of year rally of spx500 witch is in bullish conf + near support