Zarko

Bitcoin weekly chart!

DAX Index Cash closing of 11412. Bearish reflecting resistance forming at 11394. Resistance forming and support of 11514. Resistance is to be found starting at 11865. Only a break of 11212 on a closing basis would warn of a technical near-term change in trend. Trading explanation! Bullish reversals: If the market should close above the reversal point, then the...

EUR/USD Daily: Previous analysis October 21: I wrote (resistance is forming at 11583 level and the Euro must rally back above this level to see a bounce back to the 119-120 zone)! Week of November 12 - Critical support still underlies this market at 11312 and a break of that level on a monthly closing basis would warn of a further decline ahead becomes possible....

USOIL The next Yearly Bullish Reversal stands at 92.70 - the next Yearly Bearish Reversal resides at 52.43! Weekly Bullish Reversal to watch stands at 75.28 while the Weekly Bearish Reversal lies at 60.12. Monthly Bullish Reversal stands at 90.50 while the Bearish Reversal lies at 63.30. This, gives us a broader trading range of a 30%. Immediately, we closed the...

DAX – week of November 12 – Explanation! Weekly Bullish Reversal to watch stands at 12456 while the Weekly Bearish Reversal lies at 11514! Daily momentum and trend are bullish reflecting support forming at 11791. Turning to the broader picture, the long-term trend are bearish reflecting resistance forming at 11479. Right now, the market is neutral on weekly...

S&P500 – week of November 12 – Explanation! Weekly Bullish Reversal to watch stands at 2804 – Weekly Bearish reversal stand at 2610! Bullish reversals: If the market should close above the reversal point, then the downtrend will be "reversed" into a bullish or increasing trend. The first reversal point indicates that a move to the second reversal is likely. The...

Some updates: DAX Index Cash closing yesterday of 11494. At this moment, this market is in a downward trend, however, we still remain below key support and key resistance now stands at 12104 above the market. Keep an eye with the lines/numbers on the chart!. The Channel Technical Support rests at 10927 for the next session. A closing below that will signal a break...

DAX Index Cash closing friday of 11518. Weekly Bullish Reversal to watch stands at 12456 while the Weekly Bearish Reversal lies at 10493. Monthly Bearish Reversal lies at 11414. Last month produced a low at 11051 but closed on the weak side and so far, we are trading neutral within last month's trading range of 12373 to 11051. We need to breakout of this range to...

S&P500 Cash Index closed friday at 2723 - Weekly Bearish Reversal lies at 2610 and the current bullish reversal stands at 2791 while the Bearish reversal lies at 2682. We closed the last session trading at the 2723, which is below (2791) this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal a rally is...

UPDATE: Overview - Last month produced a low at 2603 but closed on the weak side and so far, we are trading neutral within last month's trading range of 2939 to 2603. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline! Previous analysis: The Downtrend Line...

Last month produced a low at 2603 but closed on the weak side and so far, we are trading neutral within last month's trading range of 2939 to 2603. We need to breakout of this range to confirm the direction. Therefore, a close above will be bullish and a close below will warn of a possible decline! Previous analysis: The Downtrend Line resistance stands above the...

Now that we have arrived at the end of October, the Directional Change that came into play yesterday needed a monthly close today to come in under 23995 and we have generated a What-If ? Monthly Bullish for October at 25588. Keep in mind that we will still see the flight of capital from Public to Private asset!

S&P500 - 1 hour chart: The Downtrend Line resistance stands above the market at 2694 with our immediate projected resistance standing at 2767. the Bearish Reversal lies at 2682 - We now need to close beneath 2864 on a monthly basis to imply a technical reversal of trend to the downside for now. Since we are trading below that level, caution is advisable.

DAX 1 hour: DAX Index Cash closing of 11287. Technical resistance stands at 11440 and it will require a closing above this level to signal a breakout to the upside. The Bearish Reversal lies at 12050! Caution is advisable.

Dow Jones - 2 hour: The number to watch will be 23995 followed by 23340. These are the two important numbers to watch for month end closing. A slingshot move would certainly come into play if we get a monthly close below 23995. Weekly Bearish 24965!

S&P500 – 1 hour: Cash Index closing yesterday of 2641. We have been trading down for the past 8 days, while we have made a low at 2603. Only a close above 2707 would imply a retest of the previous high. Critical support still underlies this market at 2682.

US Midterm election low?

FTSE 100 closing friday of 6939! We have been trading down for the past 4 days, while we have made a low at 6851. Only a close above 7005 would imply a retest of the previous high.