OMXS30 index keeps the position of an uptrend
Navigating for a potential ABC correction phase over the next days/weeks before heading north in the fall? Looking at today's close followed by tomorrow for a potential bearish reversal pattern.
The price has moved into the 1630 zone where I'm looking for a potential cool-down.
OMXS30 might have some percent upside, but the market is starting to show weakness. This recession is just starting. Here is a shorting idea.
Index is up almost 23% since the bottom bounce a few weeks ago, and it's still below Fib 50% (1580) and EMA50 which, in my view, is still negative although we are trending above EMA20 - possibly positive in the long term. On 20 April, OMX formed a hanging man that was confirmed with another red close on 21 April. As long as we don't make a new high, I'm looking...
This analysis to know the destination of OMX S30 markets. so waiting just the break with high candle
Index of Sweden. I am expecting more thanside if price comes lower than wave 4
Tar realisterna över vid FIB 50% eller ångar optimismtåget vidare?
Closing into the fibb 0.618 area. Could bounce and get a new kick down to our strong support at around 1344. If we break the 0.618 area we could go further to the next strong 0.5 area and 0.816 would act as a new support.
Price rose to the resistance of the newly formed channel. As we have approached Fib 50% & 61% resistance levels, as well as the bearish close of SP500, I'm expecting the price to re-test the 1400 level. However, if we break above 1520, we would then challenge Fib 61%.
Sellers took back control after a strong start of the week, resulting in a long week candlestick tail that signals uncertainty among the buyers (however with a lower volume than previous candles). I'll be looking at the 1400-1360 level and a break would mean a revisit of the previous bottom at 1260. If the price would break the previous range high, I'm expecting a...