Happy New Week, Happy Monday, 4023 is the line in the sand. SPX is stuck between 100DMA @ 4056 & 50DMA @ 4000 Break of either will clear the direction Macro ECB Lane Speech, US Fed's Brainard Speech Buy Break: 4 041, 056, 065, 095 Reversal: 4 000, 3 982, 955, 935 Sell Break: 4 000, 3 985, 956, 936 Reversal: 4 042, 055, 076, 095, 110, 125 I...
Happy New Week, Happy Monday, BE CAREFUL. NASDAQ is now stacking up >>> DMA200 > DMA10 > DMA100 > DMA50 > Price Action Line in the sand today is 12590 but headwinds are strong. If DMA50+100 holds, there is chance of immediate recovery. Otherwise, break of 12380 will open up 12 280, 11990 and even 11695. Macro Macro ECB Lane Speech, US Fed's Brainard Speech ...
Happy Friday, Line in the sand for NASDAQ stands at 13026 but the level to watch now is 13228. Break of that level and then 10 DMA at 13295 will mark a new start. JP will make or break this. That's the reason it has only moved 25% of the range so far. Macro US Core PCE , PI/PS, Powell Speech, Michigan Cons. Sent. Index Buy Break: 13 095, 150, 180, 230,...
Happy Friday, Are you ready to rock & roll!!!??? Today may turn out to be when either bulls or bears finally find their way. The tug of war may end today with JP's speech at JH Symposium at 3 pm London time. DAX30 is hanging on to dear life at 13300. Bulls need to move above 13360 creating HL/HH. If DAX40 moves there, watch out for strong reaction at 13440. On...
Happy Thursday, Happy GDP Day, NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990 There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole Buy Break: 13 050,...
Happy Thursday, Happy GDP Day, As I am publishing this, DAX has already pumped higher based on DE GDP positive data. May be, the doomsayers are afterall losing their story. DAX is now aiming to takeout 13440 and go for 100 DMA at 13638. This may bring us firmly into bull territory. Our line in the sand today is 13230 Macro EU DE Business Climate, ECB MPM...
Happy Midweek, Happy Wednesday, Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales Buy Break: 4 125, 145, 160, 175 Reversal: 4 115, 100, 085, 060, 045 Sell Break: 4 118, 106, 086, 062 Reversal: 4 152, 170, 187, 211, 243 I regularly publish my daily analysis & trading plan for day...
Happy Mid Week, Happy Wednesday, NASDAQ has created a lot of headwinds at 12890, 12940 & 13040. However 12800 is standing like a rock at the moment. Will it hold? 12800 is our line in the sand Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales Buy Break: 12 880, 940, 13 010, 050 Reversal: 12...
Happy Midweek, Happy Wednesday, DAX is at a precarious level. Bulls need to regain above 13275 & 13360. Bears are pushing to break 13050 & 12955. Line in the sand today is 13175. Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales Buy Break: 13 160, 210, 265 Reversal: 13 085, 010, 12 985, 920,...
Happy Tuesday, Happy PMI Day, If you fib 10 DMA & 100 DMA, SPX is standing right in the middle. This is the moment of making up the mind. Bulls want to push it above 4175-200 and bears want to continue below 4135-100 Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales Buy Break: 4 145, 155, 170 Reversal: 4 140, 122, 100, 085,...
Happy Tuesday, Happy PMI Day, NASDAQ is now sandwiched between 10 DMA at 13 374 & 100 DMA at 12 659. Headwinds are getting stronger for NDX since it has broken below June 3 high. Bears want to bring it below 12 700 to regain control and bulls would like to push it back above 13230 to continue rally. Welcome to an unstable market. Those who are old enough to...
Happy Tuesday, DAX has converted 50 DMA into resistance and that is our line in the sand today at 13 235. Bulls still have hope till 12440. Below that, bears are firmly in control aiming for 11440 Macro DE PMI, EU PMI, ECB Panetta Speech, Consumer Confidence, GB PMI, US PMI, Home Sales Buy Break: 13 190, 255, 360 Reversal: 13 130, 080, 12 975,...
Happy Monday, Happy New Week, NASDAQ has weakened after breaking 13120. 13k level has psychological importance but important level is 12 875. Further break below 12800 will spell trouble. I am still going to trade Fibonacci Confluence levels. Macro : US Chicago Fed National Activity Index Buy Break: 13 110, 200, 300 Reversal: 13 940, 830 Sell ...
Happy New Week, Happy Monday, 13400 level is still important for DAX. But the battleground is now between 13250 & 13700 for this week Macro US Chicago Fed National Activity Index Buy Break: 13 480, 590, 685 Reversal: 13 440, 360, 250 Sell Break: 13 450, 375 Reversal: 13 530, 600, 710, 780 I regularly publish my daily analysis & trading plan...
Happy Friday, Happy Janmashtami, Happy Opex day NASDAQ100 is currently converging around 10 DMA. 13400 is the line in the sand. Bulls want to regain 13600 & bears want to continue to 13300. Remember remember, the opex can dismember Macro No news is good news?! but opex? Buy Break: 13 415, 485, 555, 580, 650, 745 Reversal: 13 300, 250, 170, 100 Sell...
Happy Friday, Happy Janmashtami, After Wednesday's big move, yesterday was an inside bar. So 13600 becomes line in the sand. Bears want to regain control <13600 & bulls want to go back >13740 Macro No news is good news ?! Buy Break: 13 660, 780, 815 Reversal: 13 580, 530, 450, 370 Sell Break: 13 585, 535, 460 Reversal: 13 670, 745, 820,...
Happy Thursday, The battle lines are drawn on NASDAQ. Bulls want to defend 13460 and bring it back above 13570 to march towards 14k. Bears want to break 13400 & then 13220 to change the direction. Our line in the sand is at 13500 Macro US Jobless Claims, Phil Fed Mfg Survey Buy Break: 13 515, 625, 760 Reversal: 13 360, 295, 100, 025 Sell ...
Happy Thursday, Happy Janmashtami What a move on DAX yesterday. As it has now broken 13510, 13510 becomes line in the sand. Break of that will open up 13360 & beyond Macro EU HICP, ECB Schnabel Speech - US Jobless Claims, Phil Fed Mfg Survey Buy Break: 13 690, 755, 805, 850, 915 Reversal: 13 595, 530, 450, 365, 290 Sell Break: 13 600, 540, 455 ...