CAC had a very classical pattern from a raising channel to correction. This has occured at least three times for the last 18 month. When CAC cannot enter into a raising channel because of lack of momentum, or hesitation from the market, it enter into a trading range channel where you buy at around 4400 and sell at around 4500.
But since the ECB expectation and...
The pair may face a little correction towards %50 of Fibo retracement i.e 102.0XXX, however, baring in mind FED's decision ,the tapering schedule and BoJ decision, the pair is still on the strong side for the USD. In other words, even though there may be a correction even to 101.5, on a medium term, it is long for the USDJPY pair in favor of USD unless a polical...
This study has been drawn on a weekly chart.
My forcast regarding DAX since QE3 i.e September 2012 was 9706 and I have mentioned it many times in my previous studies.
I still consider that as of now, and above 9706, we are at an illusive and exessive level, this is also confirmed by the STOCH and you can even ad RSI or W%R. Nevertheless, I am not the...
ECB President was very clear. There is yet no sign of growth in Europe and worst, a risk of deflation. Refi interest rate has been lowered, and even on the deposit rate, ECB decided to go to a negative rate, like BoJ did in the past.
One can think that money withdrawn from the saving accounts would go on the market, but the market is very week, with no growth...
CIX is always a nice counter mesure tool to confirm the direction of the indexes.
The market was too overconfident and VIX was at its lowest level.
But there are initial signs on a technical level that show clearly the reversal trend i.e VIX may move up, and indexes may move down.
STOCH and MACD give the hint.
We need to see a confirmation if it is just a...
Recently, the intermediate bearish trend line from the January 2014 high has been severely tested and appears to have been breached.
This has caused so much excitement and relief amongst long-term Bulls, and others who have been bag holders, as they are renewed in their prospects of reducing losses and salvaging self-confidence.
In my previous charts (since the...
In 2008, the IWM completed a head and shoulders top two months before the SPY and DIA did, effectively predicting the coming crash in the SPY. Is the same happening today?
I'm watching a 0.618 structure breakout trade for a possible buy setup back up to 140.90.the Asian session managed to push back price up above major structure support indicating a correction move before the next bearish wave.
This pair seems to be finally done correcting. Has found support at the sliding parallel of a modified Schiff pitchfork. If it holds, we should see a rally up to the 95.75 level, or perhaps even to 96. Otherwise, the correction will continue to reach 94.22 or (less probable) even the lower median line parallel.
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Disclaimer:
There is a very high degree...
Now it's just a debate: if the current up fork is going to hold or fail, as price has crossed it from its upper parallel to the lower one with ease. This market is in a very-long-term down trend, found resistance above 94 and then even below that level. Now it is about to say, whether it's going to stay within the fork or not. It can either turn into an overshoot...
XEG is represents the capped energy index of TSX and SPX companies, so its not exactly a true representation for SPY/DIA looking the way it does. But, you get the general Idea.- investors are flocking to other sectors and dividend paying stocks.
Im bullish energy sector as i think is undervalued and forgotten for most of 2013, but i think ive missed much of...
It' hard to narrow down exactly where the QQQ's could hit resistance, since the SPY/DIA are still above their pivots. But I have two tentative points. Either we test the 50 ema and sell or form a H&S pattern. Both scenarios will favour my bullish gold thesis. Although i prefer the former. (as GDX is at it last level of retracement before turning bearish.) The...
Bit far fetched, but many indicators come into one play of forming a top in May. Point by point
1) After edging up on the sale support as before after making a new high, Nasdaq composite gives room for a head and shoulders formation. Top would be in May if this holds true.
2) RSI, Stoch and MACDcan all be traced with following the patterns to top in may should...
