About meRetired but active private investor. I used to provide technical analysis to many of the largest trading houses in London and figured I might as well share ideas on this excellent website. One of the best websites out there for traders. Glad I found it!
S&P 500 Index SPX
Following the next long trigger on the break above 2701, this index hasn't quite made it to the next upside target at 2747-2755 range after a high at 2744.
Close but no cigar.
As with the other indices this one is also overextended in near term.
And as with the Nasdaq, both indices have 2 lines of resistance sitting just above closing...
Bitcoin XBTUSD Next Trade Points
The break above the upper parallel at 3740 was a good one when it finally arrived, propelling Bitcoin to the first target range at 4018-4152 within a few minutes of the break. Volume was pretty good too.
Since then it's made a little flag before pushing higher still, triggering the next long shot from 4152 looking for further...
Hang Seng Futures HSI1!
Next Long Set-Up
This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures.
The 26770 level is looking increasingly significant. A break above here...
After making a double bottom off the 11265 line the Dax has pushed higher with the aid of US markets to test the first resistance line at 11414 after a high today at 11420.
There's a second line of resistance just above here at 11447.
Either look to buy the dip if we see it back to the lower smaller rising parallel supporting the rally - or...
Nasdaq 100 NAS100
After an early session fail at the neckline Nasdaq duly found the support it needed but it arrived just above the 6698 line and then shot higher as Powell rode in to the rescue.
It's since powered straight to the next target at 6902-6919 after a high at 6917.
Thank you Jerry. Thanks to him that IHS completed in a few minutes flat :)
Global Dow GDOW
Same thing here.
Testing resistance, in fact it's now sitting just a couple of points above the next line at 2930.
It's going to push back up to 3000-3003 sooner or later, just over 2% on this chart.
Look to buy SPX or any major market either on any retest of the rising dynamic if we get to see it- or on further strength above 2935 on this chart...
MSCI World Futures Index USD FMWO1!
An excellent day for bulls all over the world.
Now most markets are testing important resistance levels (Hang Seng, Sensex, SPX and Nasdaq)
and are vulnerable to fairly light profit taking in the very near term.
The MSCI World Index is also very close to resistance at 5873.
Has to break above here to confirm further strength...
S&P 500 Index SPX500USD
Was looking for a selling climax around yesterday's open, leading to a counter rally which would last into Friday's US open before falling away again.
Well we got the counter rally just after the open in US, leaving a spike off the low at 2708 and 9 points from the next support line at 2699. Not much good, really.
Then the S&P had to...
Bitcoin Next Trade Points from Here
Hard grind right now but hoping for a decent trade when we finally get a break of the bigger flat wedge formation - or larger triangle depending on the eye of each beholder.
Largely neutral inside the triangle though.
A break below 6529 on Bitfinex needed to flip short back to 6380-6337 range at least and more likely to 6122...
S&P 500 Update SP1! Chart 12:36 Bst 07:36 Est 22nd September
The S&P has given back 8 or so points from the high reached
ideally it will come back to 2935 around the open and bounce
again from there to give another entry point.
This still looks positive whilst it holds at 2935 and above.
S&P 500 Update SP1! Chart 10:10 Bst 05:10 Est September...
Nasdaq 100 NDX
Reading 2578 now - can come back to 7569 on the open but
should hold hold up here if the day is to remain a good
one....think it will be after a twitchy start. Marketmakers
need to try shaking the tree to get some stock on
board...don't think they will shake out much though - which
should bode well for the rest of the day if correct.
Bitcoin Next Trade-Points
Bitcoin started to fall away as US markets opened yesterday - a risk-off day across most markets. It bottomed as markets closed. Perhaps Bitcoin is becoming so institutionalised that it will start to follow risk -on and off periods across major markets more closely as time wears on.
Too early to say yet, but worth watching to see how...
After rallying from the 11895-11869 range - leaving one defiant spike at the lower line and the bodies of the 1 hour candles sitting on the upper line - the Dax is now testing the first resistance line at 12093 and should rally to 12141-12166 range though it may wait for the US open to do so.
This range is the underside of important structure to left...
13th September 08:28 Bst
Shanghai Composite Index SHCOMP
A Technically Perfect Bounce
This was meant to bounce from the the big double bottom
set-up at the 2639 line. In the event it fell to 2647 before
bouncing about 1% or so.
However this index is so far still stuck below the upper
parallel of the original downwave and is therefore not out of
Hang Seng Index Update HSI 13th September 08:13 Bst
We were looking for a good bounce from the 26265 line which
is the top of the gap to left of price and the meeting of fixed
and dynamic lines of support.
The low was 26219 before rallying 550 points.
It's now testing the first minor resistance level at 26920 from
the previous low and meeting profit taking in...
FMWO World Markets Near Term Outlook
This index only prints End of Day on Tv.
But it's still useful for a birds eye view of world markets.
It was meant to bounce from the lowest parallel.
Thankfully for world markets it has done.
It should rally back to the 6287 line and then, after a little
consolidation, on to the old high at 6359, about...
S&P 500 Update SPX500USD
The long was triggered right on the highs yesterday and was
stopped out for 2 points loss.
A short was was then triggered from 2903 to the 2894.4 line
but the low is 2895 and it's sticking. Not great all in all.
Have closed out as it looks to be sticking for now.
There's a little head and shoulders forming right now with a
Bitcoin Updates Bitfinex
Bitcoin finally broke higher at the highly inconvenient time of 01:55 Bst 20:55Est.
For those lucky enough to be around for it this triggered a long from " the break above 6500 for a scalp to 6616.
If volume stays low look to close down a little below here .
The 6616 line is the neck-line of the still smouldering IHS.
Any break above here...