From the low of July 2011, we can see that we are in the 4th wave of the final leg of bullishness.
Wave 4 still has a small leg to the downside in order to complete the necessary 5 waves to finish the triangle.
42.50 is the apt place to start buying the stock for a target of 60+.
For a detailed wave count, click on
wave-analysis.blogspot.in
08:17am: After yesterday’s massive short covering rally, the Dow futures are giving up some gains in the early morning trades. YMH5 is trading at 17836, 30 points lower than yesterday’s close.
USD is again strengthening and may further strengthen if the 8:30 am data release is perceived to further support US economy strength. This will put pressure on the Fed to...
Set-up for Mar 09:
YMH5 futures traced wide range day on Fri, Mar 06. Expecting continued weakness in the early going on the open on Mar 09.
Daily PIvot at 17942 and 5 DMA at 18038 will be the initial resistance on any bounce.
If 1st hr. hi is exceeded shorts should be closed.
For instructional purposes only.
RIG is coming of divergence that sent price breaking resistance with momentum confirming the move higher by also making higher highs. RIG has since pulled back to a .618 retracement. I am looking for price to move past its most recent leg higher and test the 127 projection of this leg. With stops placed below the most recent swing point low, this trade offers a...
A very strong resistance for DOWI at 18610 and a clear HS pattern forming !! Go short around 18610 and add more at 18793 for targets of 17063 and then a rebound till 18000 !!
The DAX has had a huge rally of 36.51% from the October low, 22.55% in 2015 and 11.46% from the ECB's announcment of euro style QE. This is a huge rally that could enter some resistance with the start of the ECB's QE starting in March. next week the ECB meets on the 5th and could create a news reversal. IMO this current rally since the ECB announced QE could be...
I'm not implying the spx rally is over or a top is in. But looking at the channel the spx has been trading in since 2011 lows, there is not much room to the upside at the moment and believe by observation there is more room for the spx to pullback. My plan is to sell the hwb from highs to lows as long as it acts as resistance with a tight stop. Last week was the...
Charts are telling us to be very cautious, as soon as we get the 1st dip in the RED line below zero mark, we shall expect a convincing bounce only to find more panic ahead. ONLY time will tell when we get that scare drop....
Considering where we are today, probability of making significant NEW HIGH is very LOW, however a marginal NEW HIGH cannot be rules out....
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).
Price has found support on previous resistance level as expected. This is also the 38.2% Retracement level from the low of Oct 15th and the high of Dec 5th.
I am expecting price to enter the DAILY demand zone and 50% Fib level and rally up to top of trend line to test its strength.
Oil seems to be dragging indices down and my expectation is that the Black Gold...
RSI is above 70 (because this is a heavy index RSI usually stay in between 30 -70)+Kangaroo tail w/big wick after 10.5% advance+MACD near crossover. This price action tells me we might see some sort of correction to 17.340 level. This is by no means a "SHORT INDEXES" trade. Just a minor throwback before Dow Jones continues to climb higher
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
From the effects of QE in the past, I want to prepare for the risk in "QE3-end" in the future.
I understand that Falling Stock-Price and Rising Bonds has occurred after "QE-end".
I want to pay attention to lower interest rates after "QE-end".
However, Stock price rise thereafter.
This is the key?
but..
We are confronted at time of "rate hike", this is...
