fxtrader66

fxtrader66

The SPX ripped up to highs today off support and is now flirting with its highs. If price breaks above its highs, believe it has room and a target up at the 88.6 pitchfan fib, that has acted as resistance previously. From previous times when price broke through its 20 mva price can pullback to it the next day and rally higher. Alt view, if price can not...

fxtrader66

The FTSE is at a confluence level of trendline and 50% fib. It also has a similar pullback to its previous two pullbacks. If Santa is going to show up, could it be here?

fxtrader66

As long as gold can hold the 88.6 fib, believe gold has a chance to rally up to top trendline. A daily close above 1243.25 could be a sign price is making a short term rally. Alt, daily close below the 88.6 gold could try to make a double bottom at 1180.15

fxtrader66

EURUSD is in an upward channel, Support for a long is at 1.36200 , if this level is broken would look to buy bottom of channel.

fxtrader66

DAX seems to have made a wave 4 with a wave 5 forming. Target 1 to highs. Target 2 if wave 5 = wave 1 = 9748

fxtrader66

A break of all time highs could confirm new highs in a Christmas rally. Last week I posted a continuation of idea, where I though the US30 could pullback and then go to all time highs see link for updated chart.

fxtrader66

Using the lowest monthly close from the 1987 lows as a starting point, the 2000 and 2007 highs were pointed out with the 23.6 and 38.2 fib time cycle. Currently the 50% fib time cycle is pointing to an inflection point for December 2013. By no means am I calling a top, since inflection points can signal a continuation of the trend. Only price and time will tell us...

fxtrader66

Dow broke out of its ascending triangle with a measured move of 16862 and the 1.272 at 17193 Price could pullback for an entry into the trend which I view as an x-mass present. I posted this idea originally in October. Click on link to see original idea

fxtrader66

SPX keeps on grinding higher.

fxtrader66

Believe price could find support at the 88.6 fib at 1209, if this level is broken the June lows could be tested. If price does find support at the 88.6 fib it could be a nice long up to the top trendline. Alt. break below June low and the bottom price channel could act as support as it did on three previous times.

fxtrader66

BITCOINS -THE DIGITAL TULIP BUBBLE? Made this chart when bitcoins were at $250, and now think they could head towards the $700 level??? Fib series from all time lows to $266 high, the -1.618 extension could be a likely target if bitcoins keep heading higher. Bitcoins reminds me of the 2011...

fxtrader66

Inside PitchFork showing more room for the SPX to rally. Starting September 2012, price has found support and resistance within the Inside Pitchfork. If price reacts the same as it did in May 2013 the top of the inside pitchfork could act as resistance. Alt, a break out of top TL of inside pitchfork could set up a powerful rally higher.

fxtrader66

SPX, sell pullbacks to the 12 weighted moving average.

fxtrader66

Gold is currently range bound. Levels to trade on a breakout of the range. As I posted a few days back, I think gold is in a wedge and could try to test the 1276/70 level for a long. Also, as BM pointed out the other day this could be a H&S pattern, see link here to BM's chart

fxtrader66

The DOW - US30 - seems to be making an ascending triangle which is a continuation pattern. A pullback to the bottom TL where price could find support, might be fuel for the DOW to breakout of the ascending triangle. The measured move of the ascending triangle where price breaks out to the upside has a target of 17000

fxtrader66

Weekly chart gold. Price has made an outside bar, which could be viewed as lower prices to come if there is continuation on the daily chart next week. It looks like gold is making a huge wedge and would prefer to buy gold on signs of support at the bottom TL of wedge. Alt - breakout of either side of wedge could produce a measured move of $250 from breakout point.

fxtrader66

SPX has been ripping higher currently 4 weeks. I believe we could see a pullback to go long again. The SPX has broken its upper TL that's been acting as resistance since 2009 lows to date. Using fib extensions I believe the SPX could try to head towards the 1820/30 level by the end of the year or first of 2014??? The weekly 200 TEMA has not been visited by...

fxtrader66

SPX has been rallying non stop since the recent lows, and looks like it's at a resistance zone where I believe the -0.618 and upper TL of the pitchfan could act a resistance. A break below the 200 triple ema (TEMA) would confirm a correction (IMO) has started. Looking to short on signs of resistance up at upper TL and a break under the 200 TEMA.