the line that tells the story of the SWISS MARKET INDEX
SMI has finished or is very near to finish its primary wave 2. After wave 2 is finished, wave 3 down should lead the index to new lows. If the index crosses down 9,380 the odds are that wave 3 has already began. FOLLOW SKYLINEPRO TO GET UPDATES.
The rally in world equity markets is starting to look just a bit more than a rally to my way of thinking. Here the Swiss equity market index has almost touched the 61.8 fib retracement of the recent decline. Does it have another leg lower t touch the out limit of the pitchfork or just a correction before continuing higher to complete a 5th wave? Or do we need to...
The Swiss index is tracing down super cycle C wave that should bring down its prices below 6200. There would be opportunities ahead in counter-trend moves, but the long-term is down. In the shorter timeframe the index is on the final stages of intermediate 2 up. After it finishes, wave 3 we bring the index to new lows. FOLLOW SKYLINEPRO TO GET UPDATES.
As I go through some indexes on a Sunday evening some bearish patterns seem to leap off the charts at me. Maybe I have been reading too much bad news in the press as these patterns would suggest some pretty cataclysmic moves going forwards. Maybe however, the optimists will win out again so I have included a more bullish count in the hope that I will be wrong.
La bolsa Suiza podría debotar contra la resistencia en 8.800p si hoy cierra por debajo de dicho nivel
Market has topped out. Bearish div a good indicator for past recessions. Rising wedge pattern. If it breaks down, things are really bad.
just a regular technical pullback, right ?
Just Wanted to share my observations. SMMA/EMA: SMMA cross down (orange): "bottom reached" SMMA cross up (green): "bull market incoming" RSI leaving overbought zone and MACD signal cross downalso signal corrections / bear markets. Although the market reached resistance, the Swiss economy is still pretty solid, so it may just stay at around this level for some...
Time scale: 4 hours. Status: SMI is turning down against the 2/20/20 highs at 11270 - where the intermediary wave (C) is favored ended a cycle up in wave Y (circled) from the 12/27/18 lows at 8138.56 - where the wave X (circled) has printed a bottom correcting the cycle up from the 2/11/16 lows at 7425.1 (not shown) - where the daily right side is up. Trading...
Guys, possible to short this SMI for a retracement.. good luck
The Swiss market has broken above the Rising Wedge's resisting trend line (dashed) and may follow the 1W Channel Up pattern (RSI = 63.217, MACD = 177.900, Highs/Lows = 173.0836) which started in early May. Based on the RSI break out it has an upside potential to at least 10,400. Keep in mind that this break out is part of a larger bullish move as we illustrated...