Technical Analysis and Outlook Leg 2 was completed on Oct 24, and Oct 26 at Key Support 24694 . The next minor Mean Support is 24587 , Key Support is 24120 , Mean Support 23920 and the big one Key Support 2352 5, while Index Dip 23275 rests below. The bullish Dead-Cat-Bounce is shown at Mean Resistance 24974 .
Technical Analysis and Outlook The DAX Index completed its journey towards inner Index Dip 11157 after a steady to lower from Key Resistance 11777 . Currently, the Index is consolidating and position itself to perform Dead-Cat-Bounce to weak Mean Resistance 11302 and more serious Mean Resistance 11521 . If all else fails, the index will take us to the next...
Hello everyone! Enjoy the analysis! Stocks and Indexes are in the midst of a nasty pullback. To the untrained eye this looks nasty but do not play a fool, this pullback is textbook HEALTHY. Happens at least once a year. The US Stock market is the SINGLE best place on earth for capital growth. This discount is truly a blessing, do not miss this pullback. Do not...
DOW JONES INDUSTRIAL AVERAGE DAILY CHART 10th October, 2018 Back in July 26th we expected the recent sharp drop. As showing in the chart this could be or even get better level to buy for eventual all time high target around 28000 area during the forthcoming weeks.
A possible Elliott Wave count shows the index to trade higher for a target that the it may drop sharply or a crash.
Implications and Outlook Cash made up for the futures trading lack of strength, however, has been refreshing to check out the NASDAQ market creating headway once again. The Index has been the superstar performer for last two days; however, that looks to be rebalancing act at this point. Our Mean Resistance 7562 has been met with vengeance. The next...
This will be my views of FTSE UK Stock Index (18 Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in...
This will be my views of FTSE UK Stock Index (Aug 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Nikkei Index Rally 22971 level, while Key Resistance lays way above at 23468. 2. The break of the Rally will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of 22412. 3. Current bullish/bearish bias is 80/20 4. The Nikkei Index...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 2746 level, while Mean Resistance lays at 2752. 2. The break of the Rally will undoubtedly bring serious of the short-term bearish implications, having downside target to Mean Support of 2672. 3. Current bullish/bearish bias is 80/20 4. Chat is that you will find there's...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 24895 and perhaps all the way up to next 25475 level, while Mean Resistance lays at 25326. 2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Key Support of 24200. 3. Current bullish/bearish...
Implications and Outlook 1. Further short-term bullish momentum likely to hit Index Rally 13075 and perhaps all the way up to next 13405 level. 2. The break of one of the Rallies will undoubtedly bring serious of the short-term bearish implications, having downside targets to Mean Support 12690 and Key Support of 12422. 3. Current bullish/bearish bias is...
The anticipated inverted Head and Shoulders formation is taking place , use trailing stop to lock in profit on long position. April 12 post ============
The market has yet to recover from the February 5th "Flash Crash" and the Dow is threatening to record its worst March performance in 17 years. With the Feds impending rate hikes now officially on the table, the market is flirting with the idea of a more meaningful correction. Of course, a declining market could mean a strengthening Dollar, so I'll be looking to...
Stock sits at a key support/resistance area that was relevant for 3 years following the Great Recession. I'm looking for price to show me some kind of reversal pattern (Double/triple bottom, H&S, etc.) on the lower TF (D/4H/1H) and a break of structure to take a swing to the upside. If support breaks, I'd expect for the stock to extend losses before find buying...