salut les amis
le graphique journalier de cet indice montre qu'il va connaitre une tendance haussière dans les prochains jours mais il être toujours vigilant du changement vers le sens opposer
merci de s'abonner pour recevoir plus d'analyses
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 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.
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.
Just Wanted to share my observations.
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...
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...