As shown in the chart.
All of them break the key short-term resistance. After having passed that period of weakness characterized by bearish sessions, as we expected after Powell's conference. The three downtrends, which were due to start on March 20th post-FED, did not reach the respective support areas where we had hypothesized the target zones. As regards SP500, when price was at...
I see a lot of energy in this market. Price action has once again pierced a long term resistance level that originates at the 1987 high and takes in the 2000 high (thick red line). Technicals on the monthly still have to fully unwind. I will wait to see whether the DJI makes a higher low in the next cycle bottom or whether it breaks down lower. If it makes a...
The price is going towards an important resistance area: between 24700 (EMA 200 periods on daily tf) and 24900 points (highest price of the last 4 months) there are resistances that in case they should reject the attempt to break on the upside, they will start again a sales phase similar to that of December. So far, the price is destined to test that area, but,...
it was difficult to foresee a possible forex reaction on world cup result, unless the winner were the sole user of its currency (case of brazilian real), but regarding the stock market, the french CAC40 having no positive reaction at all to this means only one thing: big players exactly know where it is going to go and have already loaded their bazookas. in one...
Weakly chart showing broken of ascending trend line, closing under the trend line is a bad signal..
Was I right or wrong? let's see
DAX GER30 backtesting bearish trendline - still SHORT
The Dow reached as low as 17905 earlier in the day, but has since recovered somewhat to 18150. Technically: The Dow is due for a large correction to the downside. There is strong divergence on the monthly chart towards 18500. The target would be the missed monthly pivot at 16300. Fundamentally: US stocks are due for a correction to the downside, because the...
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
I am Bearish. Weekly Candle is still bearish. But It fail to break down 15800 fully. So,, Bull force may be strong at that level. Level to watch: Support 15800 and Resistance level 16290
This is a long term trade idea so the price must have 2 daily closing below that entry point of 15353
I am Very Bearish. It should reach 16100 easily and this is the area where possible BULL awaits. Bear is a better for now. But always be careful. Level to watch: Support 16100, 16000 and Resistance level 16500, 16700