Actually, I have open position on this one @ 18612 :-) but it's time to make some decisions... it's make it or break it time. I would be interested in exiting position and potential buyer around 18300, hmmmmm....
waiting a clear breakout to identify the direction all
Corto distribución con triple techo Short distribution with triple top
Tras el máximo histórico de Julio, creo que romperá la zona de soporte para caer sobre la zona de 17920 Si no puede con la actual zona de soporte, largo. After the high of July, I think it will break the support area to fall on the area of 17920 If you can not support the current zone, long.
As long as price holds under the 18440 this week expect price to fall at least to reach the 18260 level then to 18150 only the break over 18440 would cancel the bearish scenario and take us long
As Price holds over the 17790 expect price to keep the bullish direction only the break under the 17790 take us short
Expecting resistance to kick in soon to defend the 18000 round handle, any break of this will be relatively significant The fact the rally has been on low volume, especially relative to the Brexit down day...and entering the origin of the move, so if there is any sellers who did not jump on before hopefully they're orders are still sitting there now.... A break...
short area? if we get there, might reverse, looks like lots of short coverning
Preceding 1 hour trend is Up. First correction down is a clear 5 wave impulse pattern with momentum signature and volume pattern to match. The Bulish correction is overlapping, contained and described by a channel. The first impulse against trend is always an A wave in EW terms. It cannot stand alone in a correction. On the 3 min chart, the rally from today...
Dow Jones ends the year with slight bearish note. We will be having first NFP of 2015 next week. So, I expect a pretty volatile week. I am Bearish on the index with 17880 as upper resistance, and we will have resistance again at 17040 level Resistant: 17880, 18050, 18270 Support: 17040, 16353, 15807
This index just failed to break 17030 level, which is the bad news for Bearish traders. Last week and next week, market will be pretty unreliable with the thin trading during the holiday week. I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 ...
We see some major indices in final stages of an extended third wave, that could cause a temporary high on stocks, as we expect a deeper retracement in to a corrective wave four. On some of them we also see a wedge pattern in current late stage of an uptrend. It is called an ending diagonal, that usually causes a sharp reversal that may happen sometime this year....
DJIA failing to move higher. Possible top - MONITOR
08:20am: Not much change in commentary from yesterday. Today Fed is expected to remove the "patience" from its interest rate policy statement. If so, markets will expect a rate hike in Jun Fed meeting. This is likely to put pressure on the markets in the intermediate term as the expected rate hike, the first since 2006, will be perceived as a game changer. If...
08:45am: This week will be eventful. Fed is expected to remove the "patience" from its interest rate policy statement. If so, markets will expect a rate hike in Jun Fed meeting. This is likely to put pressure on the markets in the intermediate term as the expected rate hike, the first since 2006, will be perceived as a game changer. If the above unfolds, USD can...
08:00 am: This week will be eventful. Fed is expected to remove the "patience" from its interest rate policy statement. If so, markets will expect a rate hike in Jun Fed meeting. This is likely to put pressure on the markets in the intermediate term as the expected rate hike, the first since 2006, will be perceived as a game changer. If the above unfolds, USD...