DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ISHARES MSCI EMERGING INDEX FUND, PROTEOSTASIS THERAPEUTICS, INC. - COMMON STOCK, HELIOS AND MATHESON ANALYTICS INC - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, SPDR SELECT SECTOR FUND - FINANCIAL
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Actually I am neutral here, as we have a conflicting message. Notice the September and October candles. We are either at the top of a distribution zone or we might see an effort to rise to new highs. Weak bullish volume doesn`t confirm a breakout to higher highs.
If this momentum continues we might see 183.961, then 185.000 - or even 192.470.
October coming to an end and we can access the monthly close view. I am neutral in the DAX, it shows considerable weakness despite the most recent run-up higher.
Consolidation inside this Sept 04 bullish candle range, yet still above 20,800 and 20 EMA. Waiting.
More important at the moment than DAX - possibly the change in outlook due to the ABS program planned by the ECB, and some big players getting out at the top...
Big picture - weekly chart shows further potential up to 0.9000 and even higher.
I expect some correction here, but the weekly and daily trend is quite bullish. Monitor in conjunction with USDCHF and GBPCHF.
Could be more defensive and risk-adverse before the ECB press conference, a retrace is possible to the base of this recent bullish 4h candle. Price has to stay above 3140 zone for constructive bullish continuation.
It will be difficult for price to rise further if there is any stalling or correction in the US Indices, plus EUSTXX50 /DAX.
Some levels to watch, and I am comparing DAX / CAC40 / EUSTX50 with the Footsie, = = = ALL of Europe bearish or just " the Continent " ?! ....:-)
A bit stronger than DAX, could see 3080 and 3144. Both indices will show in their advance how serious the breaakdown was, or if this was only a carefully crafted shakeout by big players....
If you look closely at the whole structure in USDJPY 8 hours, it looks as if it is STILL only a retrace of a bullish W base formation. I believe the key level 102.067 will be broken to the upside. Any decline will be much more gradual - as big players need more time to unwind any positions. No trade yet, watching Nikkei225 closely as well.
We could see further price advance to at least 9200, but only if US Indices cooperate - and it will be very much endangered by political news ( IRAQ etc. ). Looking how major stocks/components behave as clue for recovery strength...
Could reach 9200 today, careful with ECB press conference and some wild stop hunting.
At least consolidating at the low end, we could see some advance tomorrow. I expect a move back to at least 9400. Only if no new political surprises or ECB statements cause further selling pressure.
I expect a recovery mode upswing here, conservative traders wait for more base building signs.
If this supply area between 3213 - 3229 is not broken to the upside I still see further downswings - or retests of previous demand areas, - major levels 3200 and 3144.
If price has exaggerated with the recent bull move, I will be looking for 147.49 and 147.00 as targets.