The reason for Friday's massive market selling is said to be because of the Fed's message that the rate hike is coming.
Seems that it may just be broad market selling after a period of complacent low VIX and broader overvaluation.
For confirmation that the rate hike is coming I'll be watching the 3 month treasury rate closely for signs.
A move from .30 to .55...
The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.
It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.
After the break...
Hi all,
Dax gives room for some correction.
Nice Short Set up on the DAX. With good risk to reward ratio!
Short on: 10.545
Stoploss: 10.585
Take profit: 10.335
I am a bear at heart, but I perceive that a strong buying interest is afoot with the SPX500 tonight. Why the interest? Seems to imply that certain NFP knowledge is "out there" or strongly speculated.. Just my opinion, and not a recommendation to buy or sell.
I am not trading indices at this time, I'm only long metals and miners... I feel that SPX500 rips up...
On the daily chart price bounced from up Bollinger Band. And it's a signal for searching entry levels on hourly charts. MACD and RSI formed bearish divergence on 4H chart and it's time for short trades. Entry level is below MA20 and stop above the swing high. Target profit can be the support level or MA100.
We have a reversal signal on 1H chart. Price bounced from MA100 with RSI and MACD confirmation. Higher time frame confirms possible down movement. DMI allows open short trades. Place a pending order below MA50 and stop above MA100. Profit target is the Bollinger Band.
We have solid arguments for down movement from the daily chart such as bearish divergence, price reversal from the resistance level confirming by RSI and MACD drop. Possible entry levels can be on hourly charts. Price reached MA100 on 1H chart and reversed. MACD histogram also falls and it's a signal for opening short trades. Place a pending order below MA50 and...
August 25, 2016
Hello folks, so I have mentioned several time the target of 4600 and 4666 regarding the CAC 40. I guess it will be made possible tomorrow Friday thanks to the GDP figure (rigged?) and the subsequent speech by Janet Yellen. However, regarding this week's erratic and incessant fights between bears and bulls to keep 4383 safe, I have set a new...
Price bounced from the resistance level and moved lower. We have an entry level below 2170 for opening short trades. There are following arguments for this:
- on the daily chart price bounced from the resistance level
- on the daily chart MACD falls and confirms down movement
- we have double top pattern on 4H chart
- we have confirmation for opening short...
The market reached the resistance level and bounced. As a result now we have a double top chart pattern and bearish divergence formed by RSI. MACD also confirms down movement. We can think about opening short trades, if price breaks MA100. Entry level is below 4780 and stop is above the nearest swing high. Take profit orders can be placed near 4700 and 4650. If...
The market reached the resistance level and we have to think about possible price action. If price reverses from the resistance level, we'll have a signal for opening short trades. Just MACD and RSI will have to confirm price reversal. Probably the market will fall to MA50 and give us good entry levels on the daily and hourly charts.
If price breaks the...
If today we have a bearish candle, it will be a good signal for possible correction. It will be a signal for opening new short trades based on hourly charts. Profit targets are the possible reversal zones MA20 and MA50. If price breaks MA20 and ADX starts falling, the market will drop to 4600 level. Probably after that we'll see price bouncing and a new impulse...
We had a signal for a short trade based on bearish divergence. But the market moved higher and our trade was not opened. Now we have a new signal and entry level. MACD and RSI formed bearish divergence and at the same time confirmed price reversal from the resistance level. DMI allows open short trades. Entry level should be below MA20 and stop order above the...
S&P/TSX Global Mining index was closely following oil prices until mining index diverged in early June.
Since then, mining index has somehow managed to avoid losses despite drop in oil prices.
However, we see a bearish price RSI divergence on the daily chart of the mining index. Hence, prices may converge again with oil.
The index could test rising trend...
NASDAQ and S&P500 gave reversal signals from their resistance levels. The same goes about DJ30. We have double top or bearish divergence as you wish. Any way it's a reversal signal with confirmation from RSI and MACD. DMI allows open a short trade. Entry level is below 18530, a stop order must be placed above 18590 and target near MA100. If price returns above...
Price bounced from a resistance level. RSI formed bearish divergence and confirmed price reversal. MACD falls and gives a signal for a possible short trade. ADX also starts falling and it's a signal that strong up movement probably is over. We can think about short trades on the daily chart. Place a pending order below MA20 and stop above the resistance level....
Price bounces from the resistance level 2186.50 and we have several signals for opening short trades. We have reversal chart patterns as double top, we have reversal candlestick pattern and confirmation from MACD and RSI. Also DMI allows open short trades. And we should try to catch the possible down movement. Entry level is below Moving Average 50. Stop must be...
