The bears have kept control of the market and in doing so have broken the first Trend line support. Next key areas stand @ 9600 and the next Trend line support. The Feds outlook on the state of the economy at the moment has led indices further down, as confidence is dwindling investors are reluctant to buy. Price has broken the TL but its not that much of a...
The $ES has held a re-test of the breakout wedge. This is very normal. We call this the kiss or a revisit to the scene of the crime. With yesterdays buying it looks as if the Bulls still have some fight left in them. We are still very cautious to the upside. Shorter time frames area bullish. Longer time frames are bearish. We are standing on the sidelines...
The $ES is in a tricky spot. Major resistance is above but is also butting up against a hidden resistance area now. It will take some serious buying to get us up to the watch areas. This is not a sell area for us however it is in the $NQ (see post). For now we will keep the $ES on the radar.
The potential bear flag did not form as price shot up and finished the week strong. The $NQ is now at the major breakdown level. While we expect volatility to continue it does need a rest. We like a move back down this week. We are still long term bearish on this market and will keep an eye on the watch zone. A break down of the level could send us to the...
The grey box shows SP500 in a sideways congestion from 2040 to 2140, about 100 points. Its been in this consolidation for about 6 months since Feb 2015. From the speed and velocity of the drop after support/resistance at 2040 is broken, there is another second wave of selling coming. Watch any rallies in the coming days and weeks. Its probably a bear rally, for...
Hi traders, At the moment we are at the bottom of a long channel on the $DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610. Ratio: 4.09 (amazing!). However, long term I am bearish indices, so I recommend buying small here. IF we see RSI...
Strong support, with the 200 EMA and interior trend lines. Coincidental, "Euro zone finance ministers have agreed to lend Greece up to 86 billion euros" which traders will play with this week Longer term, there is a Symmetrical triangle formation, which signifies building pressure (opportunities) I am currently in a long trade to hit the resistance at 11255,...
11300 broken Price now reaching 10950 Strong support and TL If it breaks further downside to 10633 Holds - Price may reach 11300 again before falling further Dax is in a bad way at the moment, off of my previous analysis I'm still short. We are approaching some key support levels, initially the one to look out for is the 10633 zone If this is broken there's...
I am still short US30 Break of - 17300 Next target Daily support - 17146 The indices seem to be taking a hit from the sneak devaluation of the Chinese currency, however the technicals have been indicating further downside momentum for a while now. Dow is looking in very bad shape, along side the DAX which has opened lower and still dropping, some nice pips to be...
Hi Traders, I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and...
Awaiting test of TL With PA long position may be taken Target: 11600 If TL breaks expecting P to reach 11300
Price at key area of support If P breaks TL, shorts targeting 10950 If TL holds I shall remain overall bullish Target 11600
Currently short from 11690 after the breakout and close Targeting my support zone + TL Where I will be looking to add long positions, as my overall bias for Dax is once again bullish
S&P500 is facing a resistance for the fourth time arround 2126-2130. If the index break through this resistance we can go much higher. It will be likely go down for a test of the trendline and then back up. So short-term short and long-term definitely long! Just an idea! What’s your view? www.facebook.com foreignexchangeinvestments.wordpress.com
As it says in the title really we've got 3 bearish butterfly patterns at market (depending on your stops you can argue that 1 or 2 are invalidated) and then higher up there's a bearish cypher pattern. Overbought too if you take that into consideration.
We have seen the Bears in control for some time on DAX, breaking both the inner and outer Trend lines, signalling strength to the downside. However the Bears failure to reach 10600 indicates that they are exhausted. From the open this morning DAX has smashed back upwards through the Outer Trend line a good signal that the bias has now changed. For me personally I...
"In an attempt to halt the slide, China has arranged a curb on new share issues and orchestrated brokerages and fund managers to buy massive amounts of stocks, helped by China’s state-backed margin finance company, which in turn has a direct line of liquidity from the central bank." -The Guardian
First downside target being 4350 then 4275. As explained on chart on opening of the week price can move up to 4475-4480 (Red horizontal line) then drop to our targets.