In this post I'd like to share some of the best ways I know of to stay on the right side of the long-term trend. I will stick to technical indicators on price action and the S&P 500, or this discussion could go on way too long. I employ the monthly chart for long-term timing; its perspective is broad enough to show the big picture yet nimble enough to capture the...
DJ Silver Index seems to be recovering from a leg down plunge.
S&P500 Forecast-ed Move for this week. ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week. For the short...
This is getting unsustainable, I don't see it going anywhere but down over the next 3 months. Could this be the bagholder's last ride after the end of QE? Just when they thought that the end of QE isn't going to affect stocks at all, it'll hit them even harder by surprise. I'm adding more short position here as we move on...
The price projection are shown on the Graph. Each phase requires a confirmation (Rejection), to confirm.
Dax recover maximum at 9335, if rejection happen at 0.14 fibonacci this index will trap inside channel down and down to 7812. Bearish target at 7500
Shorted it this morning at 1945.6. Still it is a pretty good risk reward area from here. A re-test of the last SPX highs at 2019 would make a good drop afterwards. (1400-1700)
DAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
3 TARGETS ON DAX INDEX : 1) 8500 (already reached) - middle of channel 2009 low and 2014 high - 23,6% fibonacci retracement from 2009 low 2) 8100 - important highs of 2007 - 38,2% fibonacci retracement from 2011 low 3) 7600 (very important support for Long Term trend) - low trendline of channel 2009 low and 2014 high - 50% fibonacci...
Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance. Regards, SP CapitalTA
Going long dax here for at least another push higher.
Sp hit 1.618 ext. Is the abc completed? i am taking a small long position here with 1800 stop loss
I went long sp500 at 1877, my first target is 1950 are and final target 2000 area. Stop loss i set at 1835
Waiting to open a long position when the 100% extension will be reached at 8770/8750 area. SL at 8450 and first target at 9030 area in order to create a risk free position. Final target is new highs at 10500 area.