Hello Family, DAX has gained even more traction as the buyers kept pilling up and USD creeping up - I see USD shooting to the height of 114.750 within few hours today or by tomorrow the latest. Dax seems to be in a good shape and might hit my second TP @10090 :) finger crossed - but I I recommend a quick TP @ 10027 as well if you will... Notes: pay attention...
Nifty, I think that Nifty can show a some correction and will give opportunity to invest. Short covering has been seen in the index and now its time to home.
Currently price is in the supply zone and we will be trading only if it closes above or below our entry levels on long and short sides respectively.
As S&P500 has been in an upward trend, it is likely it will continue to follow that. With this upward trend entered at early February, long positions can reap good profits. Personally I identify 3 possible LONG entry positions: 1. Which is here at 1945.2. However, it is highly likely that before continuing going up. 2 . It falls to the very strong...
DJIA is expected to rise. There are many reason why we feel it may RISE 01. It is trying to touch Monthly Risk buy level of 16719. 02. BULLISH ENGULFING in WEEKLY Chart. 03. To RISE and come near 16597. 04. Stoch RSI (3,3,14,Close) clearly states it may RISE. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is of the same view. Keeping all...
Fundamental: 1, USdollar is in a situaton could draw capitals from EEM market now. FRB is fishing with patients and let’s see which one would like to bite the hook. 2, EEM are many countries there're a lot of risks over there in the future. A capital squeezing will happen. 3, Weighted JPY colud benefit from safe haven. It’s not surprising to see JPY stronger...
Minor resistance held and now the August lows must hold otherwise we will have a date with the 3700 area. We are shorting all pops until last weeks highs get taken out. REMEMBER NON TRIGGER - NO TRADE!
If the Russell can take out the most recent lows then our long term target comes into play. Study the pattern!
Bulls defended the 4125 level and thanks to the Bank of Japan (BOJ) got a boost on Friday. We are now getting close to Minor Resistance and we are showing that we are oversold (short term). We will nibble on the short side if we can get a trigger in the resistance area. We expect to so this are Tuesday or Wednesday. Remember, NO TRIGGER, NO TRADE!
Bulls defended our level and are trying to claw their way back. We are still favoring the downside and will seek triggers around the Minor Resistance area. Be patient on Monday. No Trigger, No Trade!
A very bullish bounce today in the indexes...you had to be quick to catch the move. We will watch the next couple of days to see if this is small bounce or a true reversal. Keep on your watch list and watch the outline levels.
The head and shoulders pattern is working well on the Russell. We are half way to the measured move objective. If you missed this trade then please revisit our past Russell posts and watch how the pattern played out. Patterns repeat and there will be many more.
The NASDAQ is starting to make a good bounce. We are still waiting for the Trigger Zone to see if we can get short. Be patient with this bounce.
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
As suspected the NASDAQ broke out of its inside day and tumbled lower. Friday she closed on the lows which could be scary for the Monday open. We are still on the sidelines. We have a signal that tells us that a bounce is coming. This could have late morning Monday or Tuesday. We will look at the trigger zone for possible shorts off the bounce.
We mentioned this pattern before (Just Saying...see below) and the neck line has broken. If this pattern plays out we could see a visit of the 2012 support area which falls in line with the measured move. It would be a monster move but...Just Saying. ;)
We are over sold down in this area and looking for a small bounce into resistance. We will look for a shorting opportunity at the watch zone. NO TRIGGER, NO TRADE!