Sideways, then a breakdown to 0.5 fib level or even lower on the 1.272 time fib of the preceding up move (between 0 and 1) Stop above recent high.
The technical picture on the CAC shows clear price weakness, the price remains inside a series Andrew's pitchforks and looks determined to head lower. In addition to that, the stochastic oscillator is now in oversold territory which is a signal that more upside potential is limited. From a fundamental point of view the renewal of the Grexit fear could trigger the...
You only have the past data plus what is going on now, that is the present to predict the future price action. So what you need exactly to be a successful trader?? - Well, you need the odds to stack up to pick the right direction of each trade. - System, method, strategy that generates big winners vs losers. - Be emotionless by having precise entry / exit...
Volume dried up as the YM approached 18000 and the rally did not move the MACD from it's negative stance although the MACD turned in toward the signal line I think it could roll over (down).
The US Dollar Index has been rising strongly for most of this year, coincident with a major decline in broad based commodity indexes. However, we are currently seeing signs that the current price level may be the end of this strong run and lead to a major consolidation - likely coincident with a rally in overall commodities. This chart shows the daily Dollar...
Similar to VIX, the price of S&P 500 tail risk is calculated from the prices of S&P 500 out-of-the-money options. SKEW typically ranges from 100 to 150. A SKEW value of 100 means that the perceived distribution of S&P 500 log-returns is normal, and the probability of outlier returns is therefore negligible. As SKEW rises above 100, the left tail of the S&P 500...
DXY - possible up to 90.xx - but then the DXY could implode in it self. This has more than a lot of technical reasons: macroeconomic - market economy and the geopolitical conditions, both act important parts. This is only a first rough overview - we have to wait for the completion of the patterns.
Previous tests of this level were rejected. FED Reserve has said they don't want the dollar to go too high. I believe a shorting opportunity may be near.
In this post I'd like to share some of the best ways I know of to stay on the right side of the long-term trend. I will stick to technical indicators on price action and the S&P 500, or this discussion could go on way too long. I employ the monthly chart for long-term timing; its perspective is broad enough to show the big picture yet nimble enough to capture the...
S&P500 Forecast-ed Move for this week. ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week. For the short...
This is getting unsustainable, I don't see it going anywhere but down over the next 3 months. Could this be the bagholder's last ride after the end of QE? Just when they thought that the end of QE isn't going to affect stocks at all, it'll hit them even harder by surprise. I'm adding more short position here as we move on...
Dax recover maximum at 9335, if rejection happen at 0.14 fibonacci this index will trap inside channel down and down to 7812. Bearish target at 7500
DAX is in the process of a short term relief rally to upside. The levels of resistance are defined on the weekly chart. Bullish divergence has been seen on the daily RSI. Looking for the RSI on 90 minute to test the 45-period Moving average to go long.
3 TARGETS ON DAX INDEX : 1) 8500 (already reached) - middle of channel 2009 low and 2014 high - 23,6% fibonacci retracement from 2009 low 2) 8100 - important highs of 2007 - 38,2% fibonacci retracement from 2011 low 3) 7600 (very important support for Long Term trend) - low trendline of channel 2009 low and 2014 high - 50% fibonacci...
Trading near the channel and the neckline resistance, Short term trend is down and any recovery may face sell offs again. Yes there is short covering or fresh buying seen from lower levels but I feel with smaller stops this trade is worth taking a chance. Regards, SP CapitalTA
Sp hit 1.618 ext. Is the abc completed? i am taking a small long position here with 1800 stop loss
Waiting to open a long position when the 100% extension will be reached at 8770/8750 area. SL at 8450 and first target at 9030 area in order to create a risk free position. Final target is new highs at 10500 area.